Auction Technology Group PLC (GB:ATG) has released an update.
Auction Technology Group PLC reported a revenue increase of 6% to $86.0 million for the six months ending March 31, 2024, despite a decline in Adjusted EBITDA and operating profit due to a shift in revenue mix and increased costs. The company’s value-added services showed strong growth, but overall Gross Merchandise Value (GMV) dipped by 17% year-on-year. Looking ahead, ATG maintains a full-year revenue outlook within the range of $175 million to $180 million, indicating confidence in revenue acceleration in the second half of the fiscal year.
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