Altitude Group (ALT)

Sector:

Media

Index:

FTSE AIM All-Share

 30.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 52.00
  • 52 Week Low: 27.50
  • Currency: UK Pounds
  • Shares Issued: 71.14m
  • Volume: 6,869
  • Market Cap: £21.34m
  • RiskGrade: 490

Altitude Group set for record year-end result

By Josh White

Date: Tuesday 14 Feb 2023

LONDON (ShareCast) - (Sharecast News) - Altitude Group is set to exceed current market expectations for the current financial year ending in March, according to a trading update it released on Tuesday.
The AIM-traded company, which operates a marketplace for the global promotional products industry, said it had experienced continued robust trading thanks to the expansion of its services and merchanting programmes.

Its board said it expected revenue and EBITDA growth would continue through the rest of the 2023 calendar year, and into 2024.

In addition, Altitude said it had secured an increase in its working capital credit facility with TD Bank to $1.5m (£1.23m), which would provide it with non-dilutive funding to support the execution of its growth strategy.

The facility was currently undrawn, the board confirmed.

"Following a number of positive market updates earlier in the year, we are delighted with this continued progress and are expecting to achieve record year-end results," said chief executive officer Nichole Stella.

"In addition to our improved trading so far this year, we have invested in growing market share and have a reassuringly strong pipeline of opportunities.

"We look forward to updating the market further in the forthcoming months and to the next financial year with great enthusiasm."

At 1429 GMT, shares in Altitude Group were up 22.39% at 41p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Altitude Group Market Data

Currency UK Pounds
Share Price 30.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 52.00
52 Week Low 27.50
Volume 6,869
Shares Issued 71.14m
Market Cap £21.34m
RiskGrade 490

Altitude Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.24% below the market average67.24% below the market average67.24% below the market average67.24% below the market average67.24% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Price Trend
41.83% below the market average41.83% below the market average41.83% below the market average41.83% below the market average41.83% below the market average
23.4% below the sector average23.4% below the sector average23.4% below the sector average23.4% below the sector average23.4% below the sector average
Income Not Available
Growth
80.71% above the market average80.71% above the market average80.71% above the market average80.71% above the market average80.71% above the market average
86.36% above the sector average86.36% above the sector average86.36% above the sector average86.36% above the sector average86.36% above the sector average

Altitude Group Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
15:40 580 @ 31.00p
14:17 5,000 @ 29.24p
10:48 1,250 @ 29.72p
10:45 32 @ 30.99p
10:06 7 @ 30.99p

Altitude Group Key Personnel

CEO Nichole Stella
COO Deborah Wilkinson
CFO Graham Feltham

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