George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAltitude Group Regulatory News (ALT)

Share Price Information for Altitude Group (ALT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 30.00
Bid: 29.00
Ask: 31.00
Change: 0.00 (0.00%)
Spread: 2.00 (6.897%)
Open: 30.00
High: 30.00
Low: 30.00
Prev. Close: 30.00
ALT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Trading Update

27 Nov 2018 07:00

RNS Number : 5480I
Altitude Group PLC
27 November 2018
 

27 November 2018

Altitude Group plc

("Altitude", the "Group" or the "Company")

TRADING UPDATE

Altitude Group plc (AIM: ALT), the operator of a leading marketplace for personalised products, is pleased to provide an operational update for the 9-week period since the Interim Results announcement on 25 September 2018, ahead of the Group's CEO, Nicole Stella, presenting at a Mello investor event at Clayton Hotel, Chiswick, London later today.

 

 

AIMPro summary of progress

· As at 18 November 2018:

· Blended average transaction fees running at 2.4% of sales order value over last 12 weeks (for member control cohort)

· 75% of Members Processing Orders ("MPO's") have placed repeat orders (up from 73%)

· 47% growth in MPO's to 240 in the last 9 weeks (up from 164)

· 41.3% growth in the number of sales orders processed to 15,722 in last 9 weeks (up from 11,123)

· 35% growth in the value of sales orders processed to $13.4m in last 9 weeks (up from $9.9m)

· 65% of AIM's 1,904 members are now actively engaging with our US customer success team

· Current sales order value per week (8-week average) $675k (up from $487k)

· 1,254 live e-commerce websites built (up from 1,000)

· AIM membership increased to 1,904 (up from 1,857) representing aggregate annual revenues of approximately US $1.7 billion

· 70 AIM preferred suppliers signed up (up from 65), including 15 of the largest [US] promotional product suppliers

 

Member Engagement

 

On-Boarding Status

18-Nov-18

 

16-Sep-18

 

Change

 

No.

%

No.

%

%

Placed multiple orders

181

10%

120

6%

51%

Placed first order

59

3%

44

2%

34%

Ordering Members

240

13%

164

9%

46%

On-boarded or in progress

275

14%

354

19%

(22%)

On-Boarding members

515

27%

518

28%

(1%)

Acquisition (Demo)

717

38%

202

11%

255%

Total Engaged Members

1232

65%

720

39%

71%

Total AIM Membership

1904

100%

1857

100%

3%

% Engaged Members

65%

 

39%

 

 

 

Order Frequency

Active user order frequency summary - as at 18 Nov 2018

 

1st Order

2nd Order

3rd Order

4th Order

5th Order

> 5 Orders

No. of members

240

180

155

142

133

116

 

100%

75.0%

64.6%

59.2%

55.4%

48.3%

 

Order frequency has grown consistently throughout the last 9 week period, demonstrating growing traction with ordering members. Management data confirms that regular interaction between AIM members and our engagement team directly correlates to increased order throughput.

 

Revenue Throughput

 

 

 

 

18 Nov 2018

 

16 Sept 2018

 

Change

Total Ordering Members (No.)

240

 

164

 

47%

Sales orders placed (No.)

15,722

 

11,123

 

41%

Sales orders placed

$13.4m

 

$9.9m

 

35%

Current 8-week average:

 

 

 

 

 

Sales Order Value ($000s)

 

675

 

487

 

39%

 

Suppliers

The total number of suppliers contracted to the platform is now 70. Since September AIM have added a further 87 suppliers to their preferred supplier list which now totals 280 suppliers, thus reflecting the attractiveness in gaining increased exposure to the AIM membership.

We are accelerating our supplier engagement activity to address this expansion in the AIM preferred supplier list and expect transaction fee penetration of sales orders to continue to increase as the number of contracted suppliers increases.

 

Gross Transactional Revenue

The current blended 12-week average transaction fee rate for our AIM member control cohort is 2.4% of sales order value (sourced through contracted suppliers), which is in line with management expectations of 2.3% at this stage of our monetization.

Penetration of total sales orders by the currently contracted suppliers to the platform is approximately 33% for the control cohort, again in line with management expectations. We expect transaction fee penetration of sales orders will increase as the contracting of suppliers continues to rollout.

 

Current Trading

 

Current trading is in line with management expectations and on target to be broadly in line with market forecasts for the year ended 31 December 2018.

 

 

Nichole Stella, Chief Executive Officer, commented:

"As we approach the end of 2018 and begin preparations for the new year, I am enthusiastic about the traction that is building in both users on the platform and in transactional throughput and fee revenue across the AIMPro platform. We look forward to the future with the confidence as we continue to build on the momentum within the AiM member base."

 

Enquiries:

Altitude Group plc

Nichole Stella, Chief Executive Officer

Graeme Couturier, Chief Financial Officer

Peter Hallett, Non-Executive Chairman

 

+1 (215) 534 1350

07973 683234

07887 987469

 

 

finnCap Ltd

 020 7220 0500

Jonny Franklin-Adams / Scott Mathieson (Corporate Finance)

 

Richard Chambers (ECM)

 

   

 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
TSTFKADNFBDDBDB
Date   Source Headline
5th Jan 20246:06 pmRNSDirector/PDMR Dealing
12th Dec 20236:04 pmRNSDirector/PDMR Dealing
11th Dec 20237:00 amRNSHistoric Related Party Transactions
30th Nov 20237:00 amRNSHoldings in Company and Director Dealing
28th Nov 20237:00 amRNSInterim Results
24th Nov 20237:00 amRNSInvestor Presentation
27th Oct 20237:00 amRNSTrading Update and Director Share Awards
15th Sep 20237:00 amRNSResult of AGM
18th Aug 20237:00 amRNSPosting of Annual Report and Accounts
26th Jul 202312:00 pmRNSInvestor Presentation via Investor Meet Company
25th Jul 20237:00 amRNSAudited Final Results and Notice of AGM
20th Jul 20237:00 amRNSNotice of Results
8th Jun 20237:00 amRNSPre-Close Trading Update
11th Apr 20234:43 pmRNSDirector Dealing
29th Mar 20237:05 amRNSDirector Dealing
29th Mar 20237:00 amRNSHoldings in Company and Director Dealing
28th Mar 20234:35 pmRNSPrice Monitoring Extension
28th Mar 20232:05 pmRNSSecond Price Monitoring Extn
28th Mar 20232:00 pmRNSPrice Monitoring Extension
28th Mar 202311:05 amRNSSecond Price Monitoring Extn
28th Mar 202311:00 amRNSPrice Monitoring Extension
28th Mar 20237:00 amRNSMajor Contract Wins and Trading Update
16th Feb 20237:00 amRNSHolding(s) in Company
14th Feb 20234:40 pmRNSSecond Price Monitoring Extn
14th Feb 20234:35 pmRNSPrice Monitoring Extension
14th Feb 20232:05 pmRNSSecond Price Monitoring Extn
14th Feb 20232:00 pmRNSPrice Monitoring Extension
14th Feb 20237:00 amRNSTrading Update
17th Jan 20237:00 amRNSAltitude Group PLC at Industry’s Largest Shows
9th Dec 20227:00 amRNSAltitude Group to Present at MelloMonday
29th Nov 20221:59 pmRNSInvestor Presentation
29th Nov 20227:00 amRNSInterim Results
22nd Nov 20227:00 amRNSTrading Update
31st Oct 20227:00 amRNSDirector/PDMR Dealing
28th Oct 20227:00 amRNSGrant of Options
25th Oct 20227:00 amRNSTrading Update
15th Sep 202212:54 pmRNSResult of AGM
6th Sep 20222:40 pmRNSOnline Access to AGM
5th Aug 20227:00 amRNSInvestor Presentation
2nd Aug 20227:00 amRNSDirector/PDMR Shareholding
28th Jul 20227:00 amRNSAudited Final Results and Notice of AGM
17th Jun 20227:00 amRNSDirector Dealings, Exercise & Grant of Options
31st Mar 20227:00 amRNSTrading Update & Secured Credit Facility
11th Feb 20227:00 amRNSDirector/PDMR Dealing
10th Feb 20227:00 amRNSDirector/PDMR Dealing
1st Dec 20217:00 amRNSDirector/PDMR Dealings
30th Nov 20217:00 amRNSInterim Results
25th Nov 20217:00 amRNSHolding(s) in Company
24th Nov 20217:00 amRNSBoard Changes and Trading Update
5th Oct 20217:00 amRNSAppointment of CFO & Directorate Change

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.