REG - Altitude Group PLC - Trading Update

AltitudeAnnouncement

22/11/2022 07:00

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RNS Number : 1264H  Altitude Group PLC  22 November 2022

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Group's obligations under Article 17 of MAR.

 

22 November 2022

 

 

Altitude Group plc

("Altitude" or the "Group")

 

TRADING UPDATE

Altitude Group on Track to Exceed Market Expectations

Altitude Group plc (AIM: ALT), the operator of a leading marketplace for the
global promotional products industry, is pleased to provide a further trading
update for the current financial year ending 31 March 2023 ("FY23").

The Group continues to deliver on its strategy and has been experiencing
continued robust trading via expansion of its Services and Merchanting
programmes. As a result of the strong underlying business performance which
has been maintained throughout October and November, the Board anticipates
that FY23 trading will be materially ahead of current market expectations(1),
and that the Group will achieve record year-end results. The Board also
anticipates that the Group will continue to experience revenue and EBITDA
growth throughout 2023 as a result of the out performance of the business this
year.

 

We look forward to announcing our interim results for the period ended 30
September 2022 on 29 November 2022.

 

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

 

 

Enquiries:

 

 Altitude Group plc                                           Via Zeus

 Nichole Stella, Chief Executive Officer

 Graham Feltham, Chief Financial Officer
 Zeus (Nominated Adviser & Broker)                            Tel: 0203 829 5000

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

 Dominic King (Corporate Broking)

 

 

 

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