Auction Technology Group (ATG)

Sector:

IT Services

Index:

FTSE 250

552.00p
   
  • Change Today:
    -11.00p
  • 52 Week High: 633.00
  • 52 Week Low: 369.50
  • Currency: UK Pounds
  • Shares Issued: 122.21m
  • Volume: 241,865
  • Market Cap: £674.62m
  • RiskGrade: 274
  • Beta: 1.60

Auction Technology Group lowers full-year guidance as CFO steps down

By Benjamin Chiou

Date: Thursday 10 Oct 2024

LONDON (ShareCast) - (Sharecast News) - Auction Technology Group said it expects full-year revenues to be slightly shy of earlier guidance as it announced the resignation of its chief financial officer.
In a trading update for the financial year ended 30 September, the online auction marketplace operator said annual revenues would likely rise 5% to $174m.

Back in May at the time of its interim results, the company said it was expecting revenues in the range of $175-180m, targeting revenue growth of 7% at the mid-point of the range.

ATG also said that adjusted EBITDA margins would be between 45% and 46% for the year, marginally lower than earlier guidance of 46%.

The company said it has made good progress during the year, though gross merchandise value declined as "headwinds in the underlying end markets have yet to reverse".

In a separate statement, ATG said that Tom Hargreaves was stepping down as CFO to take up a new position at a private equity-backed company. His departure comes just two months after chair Breon Corcoran stepped down to focus his other role as IG Group chief executive.

"Tom has been with ATG for almost eight years and played a key role in the ATG journey. On behalf of myself and the board I want to thank Tom for his many contributions to ATG's success and wish him the best in the next phase of his career," said ATG chief executive John-Paul Savant.

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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.

 

ATG Market Data

Currency UK Pounds
Share Price 552.00p
Change Today -11.00p
% Change -1.95 %
52 Week High 633.00
52 Week Low 369.50
Volume 241,865
Shares Issued 122.21m
Market Cap £674.62m
Beta 1.60
RiskGrade 274

ATG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.76% below the market average80.76% below the market average80.76% below the market average80.76% below the market average80.76% below the market average
37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average
Price Trend
27.58% above the market average27.58% above the market average27.58% above the market average27.58% above the market average27.58% above the market average
24.14% above the sector average24.14% above the sector average24.14% above the sector average24.14% above the sector average24.14% above the sector average
Income Not Available
Growth
43.57% above the market average43.57% above the market average43.57% above the market average43.57% above the market average43.57% above the market average
35.00% above the sector average35.00% above the sector average35.00% above the sector average35.00% above the sector average35.00% above the sector average

ATG Dividends

No dividends found

Trades for 04-Dec-2024

Time Volume / Share Price
16:35 56 @ 552.00p
16:35 188 @ 552.00p
16:35 52,761 @ 552.00p
16:35 725 @ 552.00p
16:35 244 @ 552.00p

ATG Key Personnel

CEO John-Paul Savant
CFO Tom Hargreaves

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