15 Jan 2020 07:00
15 January 2020
Attraqt Group plc
("Attraqt", the "Group" or the "Company")
Trading Update and Notice of Results
Attraqt Group plc (AIM: ATQT), announces that revenue and Adjusted EBITDA for the year ended 31st December 2019 are expected to show growth in line with expectations.
Attraqt's increased focus on multi-year contract renewals is delivering results with the Group signing 21 multi-year contracts (2018: 10 contracts). The Group also signed a number of new, well known brands in the year including its first customer in China. These commitments are a further illustration that our technology is becoming increasingly integral to the world's best online brands and underline the momentum in the business.
Integration of Early Birds into the sales and product propositions continues and our individual solutions are already able to work together to drive customer value. R&D activity this year is focused on delivering a fully-unified product and customer experience during H2 2020 to then reap the full benefits. These are expected to have a positive impact on new bookings performance into the second half of 2020 and beyond.
The Company expects to announce its annual results on 4th March 2020.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further enquiries please contact:
Attraqt Group plc | 07747 766 849 |
Luke McKeever, CEO |
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Eric Dodd, CFO |
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Canaccord Genuity | +44 (0)20 7523 8000 |
Simon Bridges |
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Adam James |
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Alma PR | +44 (0)20 3405 0205 |
Rebecca Sanders-Hewett | attraqt@almapr.co.uk |
Susie Hudson |
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Sam Modlin |
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About Attraqt Group plc
Attraqt powers exceptional shopping experiences for over 300 of the world's leading retail brands. The Company delivers omnichannel search, merchandising, and product & content personalization for retailers and brands. Simple-to-use interfaces and efficient workflows enable Merchandisers to take full control and enhance the value of smart automation with their own strategic expertise and creativity.
In 2019, Attraqt acquired Early Birds, the award-winning AI-driven personalization software provider. Together, the two companies combine Attraqt's pedigree in data-led search and merchandising capabilities to optimize product discovery and visual curation, with Early Birds' award-winning ability to empower learning algorithms to orchestrate and personalize the entire shopper journey. The benefits to retailers and brands will be the ability to orchestrate enhanced shopper journeys that also deliver superior commercial returns.
For more information visit www.attraqt.com