AdvancedAdvT Limited NPV (DI) (ADVT)

Sector:

Alternative Investment Instruments

Index:

FTSE AIM All-Share

 140.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 140.80p
  • 52 Week Low: 69.00p
  • Currency: UK Pounds
  • Shares Issued: 133.20m
  • Volume: 188,932
  • Market Cap: £186.48m

AdvancedAdvT revenue, earnings to meet half-year expectations

By Josh White

Date: Friday 27 Sep 2024

LONDON (ShareCast) - (Sharecast News) - International software provider AdvancedAdvT said in an update on Friday that it was expecting group revenue to reach £19.5m for the six months ended 31 August.
The AIM-traded firm said adjusted EBITDA was meanwhile set to come in at £4m, in line with the board's expectations.

It said it had net cash and investments totaling £108.3m at the end of August, including £83.3m in net cash and a £25m investment in M&C Saatchi.

"We continue to experience positive momentum, with all the acquired units benefiting from the operational and financial actions implemented since acquisition," said chair Vin Murria.

"Software-as-a-service revenues have shown positive growth, with resource scheduling SaaS revenues recording significant gains."

Murria said that, combined with the firm's focus on customer value, had driven "notable improvements" in both revenue and EBITDA performance.

"Whilst we see numerous opportunities for organic business growth, particularly with AI, automation and SaaS offerings, we remain committed to exploring acquisition opportunities to expand the group."

AdvancedAdvT said it planned to release its full half-year results in mid-November.

At 1229 BST, shares in AdvancedAdvT were up 0.16% at 127.7p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


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

 

ADVT Market Data

Currency UK Pounds
Share Price 140.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 140.80p
52 Week Low 69.00p
Volume 188,932
Shares Issued 133.20m
Market Cap £186.48m

ADVT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.68% below the market average55.68% below the market average55.68% below the market average55.68% below the market average55.68% below the market average
51.11% below the sector average51.11% below the sector average51.11% below the sector average51.11% below the sector average51.11% below the sector average
Value
55.68% below the market average55.68% below the market average55.68% below the market average55.68% below the market average55.68% below the market average
51.11% below the sector average51.11% below the sector average51.11% below the sector average51.11% below the sector average51.11% below the sector average
Income Not Available
Growth
90.88% above the market average90.88% above the market average90.88% above the market average90.88% above the market average90.88% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

ADVT Dividends

No dividends found

Trades for 21-Nov-2024

Time Volume / Share Price
09:59 100,000 @ 140.00p
13:33 14,600 @ 140.00p
13:16 1,376 @ 139.45p
10:00 50,000 @ 139.00p
10:31 1,353 @ 136.51p

ADVT Key Personnel

Chair Vin Murria

Top of Page