Auction Technology Group reiterates guidance after in-line Q1
By Benjamin Chiou
Date: Thursday 30 Jan 2025
(Sharecast News) - Online auction marketplace operator Auction Technology Group has maintained its annual guidance after an in-line first-quarter performance.
In a brief trading update ahead of ATG's annual general meeting on Thursday, the company said that trading in the three months to 31 December matched the full-year targets given at the time of its annual results in November.
"Trading in the first quarter is consistent with the FY25 outlook provided at our FY24 Results," ATG said.
For the year ending 30 September, ATG expects to grow revenues by 4-6%, supporting by the continued growth of value-added services and positive growth in gross merchandise values, though end markets were likely to remain "uncertain".
The company also said that the adjusted EBITDA margin should be between 45% and 46%, compared with 46% for the previous financial year, reflecting operational leverage from revenue growth offset by ongoing investment into the business.
The stock was 1.2% higher at 612p by 0900 GMT.
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