ATTRAQT Group PLC Board Changes & Trading Update (8076B)
January 15 2018 - 1:00AM
UK Regulatory
TIDMATQT
RNS Number : 8076B
ATTRAQT Group PLC
15 January 2018
15(th) January 2018
ATTRAQT Group plc
("ATTRAQT", the "Group" or the "Company")
Board Changes & Trading Update
ATTRAQT Group plc (AIM: ATQT), a leading provider of Online
Merchandising, Onsite Search and eCommerce Personalisation,
announces that André Brown has stepped down as Chief Executive
Officer of the Group with immediate effect. Nick Habgood,
Non-Executive Chairman, has assumed the role of Interim Executive
Chairman while the Company undertakes the search for a new Chief
Executive.
André was an original founder of the business back in 2003 and
has led ATTRAQT for the past 15 years, including the period of
significant expansion driven by the Group's admission to AIM in
2014 and the more recent acquisition of the Fredhopper business in
2017. The Board would like to thank André for his considerable
contribution and wish him every success for the future.
Trading in the last two months of the year has been in line with
the update issued at the end of October 2017 and revenue is
expected to be between GBP13.5m and GBP13.6m. Fourth quarter
bookings were also in line with expectations with several large
upsells to existing clients. Cash on 12(th) January 2018 was over
GBP2m.
The Company has reviewed its order book and has had success in
delivering a number of signed clients and customer go-lives. The
market demand remains strong for ATTRAQT with research from the
British Retail Consortium showing that overall online sales across
the Christmas trading period rose by 7.6 per cent.
The Company ended the year to 31 December 2017 in line with the
guidance given in the October trading update and expects to
announce its annual results 8(th) March 2018.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, please contact:
ATTRAQT Group plc via Alma PR
Nick Habgood, Interim Executive Chairman
Eric Dodd, CFO
Gemma Williams, Head of Marketing and Communications
N+1 Singer Tel: 020 7496 3000
Shaun Dobson, Lauren Kettle
Alma PR Tel: 020 3865 9668
Rebecca Sanders-Hewett, Susie Hudson
About ATTRAQT
ATTRAQT Group plc specialises in Onsite Search, Online
Merchandising and eCommerce Personalisation. The Group's customer
base is made up of over 200 client logos ranging from SMEs to
global blue-chip businesses. A TTRAQT has a strong base in the UK
and western Europe, with a presence in North America, eastern
Europe and ANZ. For more information, please visit:
www.attraqt.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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