AdvancedAdvT shares rise as full-year earnings set to exceed forecasts

Thu, 20th Feb 2025 16:22

(Alliance News) - AdvancedAdvT Ltd on Thursday said it expects its full-year adjusted earnings before interest, tax, depreciation and amortisation to come in "materially ahead" of current market expectations, sending its shares higher.

The stock traded 11% higher at 160.28 pence each in London on Thursday afternoon.

The London-based owner of software for business solutions, healthcare compliance, and human capital management businesses that were formerly part of Capita PLC said that "good" customer growth and the renewal of "substantial" contracts on improved terms have supported sustained growth in recurring revenue.

The company also credited its "laser focus on operational efficiencies" for strengthening underlying and ongoing performance.

AdvancedAdvT expects full-year adjusted Ebitda to exceed the market forecast of GBP8.4 million, with revenue projected at GBP41.0 million for the year ending February 28.

"Our strong performance reflects the operational changes implemented in the first half of the year and the positive impact of key customer contract wins," said Chair Vin Murria. "These factors provide a solid foundation for continued growth. We remain focused on delivering long-term value for our shareholders and continue to pursue further M&A targets."

Further details will be provided in the company's audited full-year results, expected to be published in July.

By Eva Castanedo, Alliance News reporter

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