Auction Technology Group PLC (GB:ATG) has released an update.
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Auction Technology Group PLC reports a 5% increase in full-year revenue to $174m, with marketplace revenue up by 7%, though year-over-year GMV is slightly negative due to market headwinds. The company anticipates an improved adjusted EBITDA margin between 45% and 46%, benefiting from cost phasing, and expects to maintain a strong adjusted net debt to EBITDA ratio of 1.5x. Full Year results will be announced on 27 November 2024, following a year of strategic initiatives and the rollout of their new cross-listing product, atgXL.
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