REG - AdvancedAdvT Limited - Trading Update

AdvancedAdvTAnnouncement

20/02/2025 07:15

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RNS Number : 7685X  AdvancedAdvT Limited  20 February 2025

20 February 2025

 

AdvancedAdvT Limited

 

Trading Update

 

Full year trading materially ahead of expectations

 

 

AdvancedAdvT Limited (AIM: ADVT, "AdvT", the "Group"), the international
software solutions provider for the business, compliance, and resource
management, today announces a pre-close trading update for the full year to 28
February 2025.

 

Trading Update

 

The Group has demonstrated strong performance since announcing its interim
results on 14 November 2024. As a result, the Board now anticipates Adjusted
EBITDA for the full year to 28 February 2025 will be materially above the
current market expectations(1). Performance has been driven by good growth in
both new customers and the renewal of substantial contracts on improved terms,
leading to sustained growth in recurring revenue. Additionally, the Group's
laser focus on operational efficiencies achieved throughout the year has
further strengthened the underlying and ongoing performance. Further details
will be provided in the audited full-year results expected to be published in
July 2025.

 

Vin Murria, Chairperson, commented:

 

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

 

(1.) The Board understands that current market expectations for FY25 Revenue
and Adjusted EBITDA as at the date of this announcement are £41.0m and £8.4m
respectively

 

Enquiries:

 

 AdvancedAdvT Limited
 Vin Murria, Chairperson                                c/o Meare Consulting

 Gavin Hugill, Chief Financial Officer

 Singer Capital Markets (Nominated Adviser and Broker)  Tel: 020 7496 3000
 Philip Davies / Sam Butcher

 KK Advisory (Investor Relations)                       Tel: 020 7039 1901
 Kam Bansil

 

 Meare Consulting
 Adrian Duffield     Tel: 07990 858548

 

Note to Editors

 

AdvancedAdvT Limited (AdvT) provides software solutions and platforms across
two business transformational areas: business solutions & healthcare
compliance, and human capital management.

 

The Group's operations are IBSS (financial management software), CHKS (AI
based healthcare intelligence compliance and accreditation software), Retain
(global resource planning and talent management software) and WFM (workforce
management software provider).

 

AdvT is an agent for change. The Group enables the delivery of Artificial
Intelligence ("AI"), data analytics and business intelligence, all of which
are key future drivers for growth in these sectors where long term
digitisation trends are set to transform the workplace for professionals.

 

AdvT is developing both organically and through acquisitions, by expanding its
presence across adjacent markets, geographical boundaries and digital sectors.

 

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