Altitude Group PLC Trading Update (1264H)
November 22 2022 - 1:00AM
UK Regulatory
TIDMALT
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 GBP13.9 million and adjusted EBITDA of
GBP1.2 million.
Enquiries:
Altitude Group plc Via Zeus
Nichole Stella, Chief Executive Officer
Graham Feltham, Chief Financial Officer
Zeus (Nominated Adviser & Broker) Tel: 0203 829
Dan Bate / David Foreman / James Edis (Investment 5000
Banking)
Dominic King (Corporate Broking)
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END
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