Christie Group PLC (AIM:CTG) shares tumbled 11.6% to 132.5p after the company warned a chunk of revenue expected to be recognised in the first half of the financial year would be put back into the second half.
In a statement, the company said a "culmination of recent unprecedented conflation of market timings, caused by the coincidental sale of exceptionally large portfolios of Dental, Pharmacy and Care Home assets on unit by unit bases, is expected to result in a more pronounced second-half weighting to its full year performance than previously anticipated".
The firm said there had been a delay to lead times, prompting a backlog of transactions.
"In view of this deal congestion and other factors, the group believes that some output from its own transactional pipeline that had been expected to be recognisable as revenue in H1 will now be postponed into H2."
The company said it had previously indicated that the overall full-year performance was expected to be second-half weighted.
It also stressed expectations for the full year to 31 December 2023 remain unchanged.