ATTRAQT Group PLC Trading Update and Notice of Results (7990Z)
15 Gennaio 2020 - 8:00AM
UK Regulatory
TIDMATQT
RNS Number : 7990Z
ATTRAQT Group PLC
15 January 2020
15 January 2020
Attraqt Group plc
("Attraqt", the "Group" or the "Company")
Trading Update and Notice of Results
Attraqt Group plc (AIM: ATQT), announces that revenue and
Adjusted EBITDA for the year ended 31st December 2019 are expected
to show growth in line with expectations.
Attraqt's increased focus on multi-year contract renewals is
delivering results with the Group signing 21 multi-year contracts
(2018: 10 contracts). The Group also signed a number of new, well
known brands in the year including its first customer in China.
These commitments are a further illustration that our technology is
becoming increasingly integral to the world's best online brands
and underline the momentum in the business.
Integration of Early Birds into the sales and product
propositions continues and our individual solutions are already
able to work together to drive customer value. R&D activity
this year is focused on delivering a fully-unified product and
customer experience during H2 2020 to then reap the full benefits.
These are expected to have a positive impact on new bookings
performance into the second half of 2020 and beyond.
The Company expects to announce its annual results on 4(th)
March 2020.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further enquiries please contact:
Attraqt Group plc 07747 766 849
Luke McKeever, CEO
Eric Dodd, CFO
Canaccord Genuity +44 (0)20 7523 8000
Simon Bridges
Adam James
Alma PR +44 (0)20 3405 0205
Rebecca Sanders-Hewett attraqt@almapr.co.uk
Susie Hudson
Sam Modlin
About Attraqt Group plc
Attraqt powers exceptional shopping experiences for over 300 of
the world's leading retail brands. The Company delivers omnichannel
search, merchandising, and product & content personalization
for retailers and brands. Simple-to-use interfaces and efficient
workflows enable Merchandisers to take full control and enhance the
value of smart automation with their own strategic expertise and
creativity.
In 2019, Attraqt acquired Early Birds, the award-winning
AI-driven personalization software provider. Together, the two
companies combine Attraqt's pedigree in data-led search and
merchandising capabilities to optimize product discovery and visual
curation, with Early Birds' award-winning ability to empower
learning algorithms to orchestrate and personalize the entire
shopper journey. The benefits to retailers and brands will be the
ability to orchestrate enhanced shopper journeys that also deliver
superior commercial returns.
For more information visit www.attraqt.com
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END
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