AUCTION
TECHNOLOGY GROUP PLC
AGM
Trading Statement
Trading
update for first quarter of FY25
London, United Kingdom, 30 January
2025 - Ahead of its Annual General Meeting which takes place today,
Auction Technology Group plc ("ATG", "the Company", "the Group")
(LON: ATG), operator of world-leading marketplaces for curated
online auctions, provides an update on its trading for the first
quarter of FY25 (three-month period ending 31 December
2024).
Trading in the first quarter is
consistent with the FY25 outlook provided at our FY24 Results. We
therefore maintain our guidance of FY25 revenue growth in the range
of 4-6% and for an Adjusted EBITDA margin of 45% to 46%.
Half Year Results
The Group will report its interim
results on Thursday 15 May 2025.
For further information please
contact:
About Auction Technology Group
plc
Auction Technology Group plc ("ATG")
is the operator of world-leading marketplaces for curated online
auctions, seamlessly connecting bidders from around the world to
approximately 4,000 trusted auction houses across two major
sectors: Industrial & Commercial ("I&C") and Arts &
Antiques ("A&A").
The Group powers eight online
marketplaces and listing sites using its proprietary auction
platform technology, hosting in excess of 88,000 live and timed
auctions each year and facilitating the sale of approximately 24
million secondary goods items. ATG has offices in the UK, US,
Germany and Mexico.
CAUTIONARY STATEMENT The
announcement may contain forward-looking statements. These
statements may relate to (i) future capital expenditures, expenses,
revenues, earnings, synergies, economic performance, indebtedness,
financial condition, dividend policy, losses or future prospects,
and (ii) developments, expansion or business and management
strategies of the Company. Forward-looking statements are
identified by the use of such terms as "believe", "could",
"should", "envisage", "anticipate", "aim", "estimate", "potential",
"intend", "may", "plan", "will" or variations or similar
expressions, or the negative thereof. Any forward-looking
statements contained in this announcement are based on current
expectations and are subject to risks and uncertainties that could
cause actual results to differ materially from those expressed or
implied by those statements. If one or more of these risks or
uncertainties materialise, or if underlying assumptions prove
incorrect, the Company's actual results may vary materially from
those expected, estimated or projected. No representation or
warranty is made that any forward-looking statement will come to
pass. Any forward-looking statements speak only as at the date of
this announcement. The Company and its directors expressly disclaim
any obligation or undertaking to publicly release any update or
revisions to any forward-looking statements contained in this
announcement to reflect any change in events, conditions or
circumstances on which any such statements are based after the time
they are made, other than in accordance with its legal or
regulatory obligations (including under the UK Listing Rules and
the Disclosure Guidance and Transparency Rules of the Financial
Conduct Authority). Nothing in this announcement shall exclude any
liability under applicable laws that cannot be excluded in
accordance with such laws.
LEI Number:
213800U8Q9K2XI3WRE39
