Trading Update

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 expectations¹, 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 Nichole Stella, Chief Executive Officer Graham Feltham, Chief Financial Officer Via Zeus Zeus (Nominated Adviser & Broker) Dan Bate / David Foreman / James Edis (Investment Banking) Dominic King (Corporate Broking) Tel: [phone]

 

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