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Auction Technology Group shares rise on guidance confirmation

Published 30/01/2025, 10:26
© Reuters.
ATG
-1.70%

Investing.com -- Shares of Auction Technology Group PLC (LSE:LON:ATG) climbed 2% today after the company affirmed its financial outlook for FY25, aligning with market expectations.

The London-based firm announced that its first-quarter trading, which spans from October to December, is consistent with the FY25 guidance that was previously outlined on November 27, 2024.

In the first-quarter trading update, ATG reiterated its revenue growth projection of 4% to 6%, which is in line with the market consensus of 5.2%.

The company also expects to maintain adjusted EBITDA margins between 45% and 46%, closely matching the consensus estimate of 45.5%. This update comes ahead of the company’s half-year results, which are scheduled to be released on May 15.

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