Auction Technology Group PLC AGM Statement

RNS Number : 1572V

Auction Technology Group PLC

30 January 2025

 

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:

ATG
For investor enquiries, Rebecca Edelman	[e-mail]
For media enquiries	[e-mail]
Teneo Communications	[phone]
(Public relations advisor to ATG)	[e-mail]
Tom Murray, Matt Low, Arthur Rogers

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

 

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