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Pin to quick picksAltitude Group Regulatory News (ALT)

Share Price Information for Altitude Group (ALT)

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Trading Update

25 Oct 2022 07:00

RNS Number : 9436D
Altitude Group PLC
25 October 2022
 

Altitude Group plc

("Altitude" or the "Company")

 

Trading Update

 

Altitude Group Reports Strong Trading Driven by Underlying Business Growth

Altitude Group plc (AIM: ALT), the operator of a leading marketplace for personalised products, today issues a trading update for the six months ended 30 September 2022 ("H1 23").

The Board is pleased to report the Group has delivered another excellent period of growth, driven by successes across all key Services and Merchanting programmes. Unaudited revenue for H1 23 is expected to be no less than c. £7.6 million (H1 22: £5.9 million) an increase of c.30%. As a result of the strong underlying business performance, an advantageous exchange rate and having not experienced any negative impact to date from the current macro-economic turbulence, we continue to trade well and expect to be at least in line with market expectations for the financial year to 31 March 2023*.

This continued growth is being driven by our strategic focus on and continuous development of both our Services and Merchanting programmes, which have delivered strong trading.

Our core systems and people infrastructure have been developed and are designed for continued scalable growth underpinning our long-term success. 

It is testament to the hard work of our team, our strong partner relationships, and our market leading customer proposition, that we are able to report such strong trading and continued growth. With continued focus on our strategy to scale the business and with the Company well placed for accelerated future growth, the Board remains confident in its positive outlook for the future.

 

We look forward to announcing our H1 23 interim results on 29 November 2022.

 

*External market consensus for the year ending 31 March 2023 is currently revenue of £13.9 million and adjusted EBITDA of £1.2 million.

 

For enquiries, please contact:

Altitude Group plc

Nichole Stella, Chief Executive Officer

Graham Feltham, Chief Financial Officer

 

Via Zeus Capital

Zeus (Nominated Adviser & Broker)

Dan Bate / David Foreman / James Edis (Investment Banking)

Dominic King (Corporate Broking)

Tel: 0203 829 5000

 

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Date   Source Headline
25th Mar 20209:43 amRNSDirector/PDMR Shareholding
23rd Mar 20204:41 pmRNSDirector/PDMR Shareholding
23rd Mar 20207:00 amRNSTrading Update and Board Change
18th Mar 20207:00 amRNSProposed disposal of AdProducts
17th Mar 202011:44 amRNSHolding(s) in Company
6th Jan 202011:00 amRNSPrice Monitoring Extension
6th Jan 20207:00 amRNSMajor Strategic Alliance in North America
12th Dec 20197:00 amRNSTrading update
8th Nov 20193:09 pmRNSPDMR Shareholding and Issue of Equity
7th Oct 20193:23 pmRNSDirector/PDMR Shareholding
7th Oct 20197:00 amRNSDirector/PDMR Shareholding
4th Oct 20191:49 pmRNSHolding(s) in Company
3rd Oct 20193:59 pmRNSDirector Shareholding and Exercise of Options
1st Oct 20192:42 pmRNSReplacement Director/PDMR Shareholding
30th Sep 20192:52 pmRNSDirector/PDMR Shareholding
30th Sep 20197:00 amRNSInterim results
12th Sep 20198:57 amRNSHolding(s) in Company
5th Sep 201911:05 amRNSSecond Price Monitoring Extn
5th Sep 201911:00 amRNSPrice Monitoring Extension
5th Sep 20197:00 amRNSTrading Update and Notice of Interim Results
27th Aug 20197:03 amRNSChange of Accounting Reference Date
15th Aug 20199:15 amRNSPotential Disposal and Directorate Change
4th Jul 20195:15 pmRNSHolding(s) in Company
3rd Jul 20191:58 pmRNSDirector/PDMR Shareholding
1st Jul 201912:36 pmRNSResult of AGM
25th Jun 20197:00 amRNSGrant of Options
13th Jun 201912:16 pmRNSDirector/PDMR Shareholding
28th May 20197:00 amRNSUnaudited full year results and operational update
10th Apr 20197:00 amRNSYear-end trading update
15th Mar 20194:02 pmRNSDirector/PDMR Shareholding
11th Mar 20197:00 amRNSTwo appointments to subsidiary AIM Smarter LLC
26th Feb 20195:49 pmRNSHolding(s) in Company
21st Feb 201910:33 amRNSUpdate: Admission of Consideration Shares
1st Feb 20199:42 amRNSCorrection: Director / PDMR Shareholding
1st Feb 20197:00 amRNSDirector/PDMR Shareholding
31st Jan 201910:28 amRNSResult of GM and Completion of Placings
23rd Jan 20193:25 pmRNSHolding(s) in Company
22nd Jan 20197:00 amRNSHolding(s) in Company
16th Jan 20193:31 pmRNSUpdate: Admission of Consideration Shares
15th Jan 20197:00 amRNSClosing of Placings
11th Jan 20197:00 amRNSProposed Placing and Acquisition
19th Dec 20187:00 amRNSDebt Financing
6th Dec 20184:30 pmRNSHolding(s) in Company
5th Dec 20187:00 amRNSDirector Disclosures
29th Nov 20182:04 pmRNSInvestor Presentation
27th Nov 20187:00 amRNSDirectorate Change
27th Nov 20187:00 amRNSTrading Update
19th Nov 20189:07 amRNSHolding(s) in Company
12th Nov 20187:00 amRNSDirector/PDMR Shareholding
6th Nov 20183:28 pmRNSDirector/PDMR Shareholding

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