REG - Auction Technology - Proforma performance across the prior FY 2021

Auction TechnologyAnnouncement

13/05/2022 15:00

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RNS Number : 4909L  Auction Technology Group PLC  13 May 2022

AUCTION TECHNOLOGY GROUP PLC

 

Proforma performance across the prior financial year 2021

 

 

London, United Kingdom, 13 May 2022 - Auction Technology Group plc ("ATG",
"the Company", "the Group") (LON: ATG), operator of the world's leading
marketplaces for curated online auctions, provides the following unaudited
disclosure on historical performance in order to aid comparisons ahead of the
Interim Results for H1 2022 on 19 May 2022.

 

The Group has made certain acquisitions that have affected the comparability
of the Group's results. The prior period unaudited results have been presented
on a proforma basis as if the acquisitions of LiveAuctioneers and Auction
Mobility had occurred on 1 October 2020.

 

                              H1 2021(1)                 FY 2021(1)
   Proforma revenue
   Arts and Antiques          £23.2m                     £48.3m
   Industrial and Commercial  £21.6m                     £44.4m
   Total marketplace          £44.8m                     £92.7m
   Auction Services           £3.7m                      £7.5m
   Content                    £1.4m                      £3.1m
   Total                      £49.9m                     £103.2m

   Reported revenue
   Arts and Antiques          £8.1m                      £16.2m
   Industrial and Commercial  £21.5m                     £43.7m
   Total marketplace          £29.6m                     £59.9m
   Auction Services           £3.5m                      £7.1m
   Content                    £1.4m                      £3.1m
   Total                      £34.5m                     £70.1m

                              H1 2021(1)                 FY 2021(1)
   Proforma Operating Key Performance Indicators(2)
   Total Hammer Value         £3.8bn                     £7.9bn
   Online Share               34%                        33%
   Gross Merchandise Value    £1.3bn                     £2.6bn
   Take rate                  3.4%                       3.5%

 

1.     Proforma is shown on a constant currency basis using average
exchange rates for H1 2022 applied to the prior periods. The average US dollar
rate for H1 2022 was 1.34 and the average Euro rate was 1.19.

2.     Refer to the glossary in the FY 2021 Annual Report and Accounts for
full definition of the terms.

 

Auction Technology Group ("ATG") will publish its half year results for the
financial year 2022 (the six-month period ending on 31 March 2022) on Thursday
19 May. The results will be published at 07.00am (UK time) through the
regulatory news service (RNS) and on the Company's website, followed by an
analyst presentation at 9.30am (UK time).

 

For further information, please contact:

 ATG
 For investor enquiries, Rebecca Edelman              rebeccaedelman@auctiontechnologygroup.com
                                                      (mailto:rebeccaedelman@auctiontechnologygroup.com)
 For media enquiries                                  press@auctiontechnologygroup.com (mailto:press@auctiontechnologygroup.com)

 Tulchan Communications                               +44 207 353 4200
 (Public relations advisor to ATG)                    ATG@tulchangroup.com (mailto:ATG@tulchangroup.com)
 Tom Murray, Matt Low, Laura Marshall, Arthur Rogers

About Auction Technology Group plc

Auction Technology Group plc ("ATG") is the operator of the world's leading
marketplaces and auction services for curated online auctions, seamlessly
connecting bidders from around the world to trusted auction houses across two
major sectors: Industrial & Commercial ("I&C") and Art & Antiques
("A&A").

 

The Group powers seven online marketplaces using its proprietary auction
platform technology, hosting in excess of 70,000 live and timed auctions each
year. ATG has been supporting the auction industry since 1971 and the
Company has offices in the UK, US and Germany.

LEI Number: 213800U8Q9K2XI3WRE39

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