Auction Technology Group had revenue of $86.02M USD in the half year ending March 31, 2024, with 48.99% growth. This brings the company's revenue in the last twelve months to $176.01M, up 11.66% year-over-year. In the fiscal year ending September 30, 2023, Auction Technology Group had annual revenue of $135.23M with 12.83% growth.
Revenue history.
Fiscal Year End | Revenue | Change | Growth |
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Revenue, also called sales, is the amount of money a company receives from its business activities, such as sales of products or services. Revenue does not take any expenses into account and is therefore different from profits.
Company Name | Revenue |
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36.58B | |
7.17B | |
2.25B | |
1.41B | |
483.98M | |
1.34B | |
6.44B | |
671.38M |
ATG owns and operates seven leading online auction marketplaces that enable auctioneers in the Industrial & Commercial and Art & Antiques verticals to connect with bidders across 171 countries.
ATG completed its IPO on the London Stock Exchange in February 2021.
Technology | Internet , Software, Technology Services
Current | IPO: LON: ATG
London, United Kingdom
Founded year, total raised, date of ipo, stock price, about auction technology group.
Auction Technology Group is a global technology company that operates in the online auction industry. The company provides online marketplaces and technology for curated auctions, connecting bidders worldwide to trusted auctioneers. It primarily serves the Industrial & Commercial sector, as well as the Art & Antiques sector. Auction Technology Group was formerly known as ATG Media. It was founded in 1971 and is based in London, England.
65 Southwark Street
London, England, SE1 0HR,
United Kingdom
+44 (0)203 725 5500
Sep 8, 2024
Auction Technology Group (LON:ATG) Hits New 12-Month Low at $369.50 Posted by MarketBeat News on Sep 8th, 2024 Auction Technology Group plc ( LON:ATG – Get Free Report )’s stock price hit a new 52-week low on Friday . The company traded as low as GBX 369.50 ($4.86) and last traded at GBX 369.50 ($4.86), with a volume of 9373682 shares traded. The stock had previously closed at GBX 390 ($5.13). Analyst Ratings Changes ATG has been the topic of a number of research reports. Royal Bank of Canada initiated coverage on Auction Technology Group in a research report on Tuesday, July 16th. They set a “sector perform” rating and a GBX 540 ($7.10) target price on the stock. JPMorgan Chase & Co. lowered their target price on Auction Technology Group from GBX 560 ($7.36) to GBX 549 ($7.22) and set a “neutral” rating on the stock in a research report on Friday, July 12th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 710 ($9.34) price target on shares of Auction Technology Group in a research report on Wednesday, June 12th. Get Auction Technology Group alerts: Want More Great Investing Ideas?
When was Auction Technology Group founded?
Auction Technology Group was founded in 1971.
Where is Auction Technology Group's headquarters?
Auction Technology Group's headquarters is located at 65 Southwark Street, London.
What is Auction Technology Group's latest funding round?
Auction Technology Group's latest funding round is IPO.
How much did Auction Technology Group raise?
Auction Technology Group raised a total of $7M.
Who are the investors of Auction Technology Group?
Investors of Auction Technology Group include TA Associates and Mobeus Equity Partners.
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(alliance news) - auction technology group plc on thursday reported a sharp drop in annual profit ....
(Alliance News) - Auction Technology Group PLC on Thursday reported a sharp drop in annual profit due to higher finance costs and despite a rise in overall revenue.
The London-based online auction operator said the economic environment has become "more challenging", hurting growth in the second half of its financial year. However, it predicted continued revenue growth in the new year, helped by burgeoning value-added services.
Auction Technology shares were down 14% at 539.00 pence in London early Thursday. The stock is down 10% from its 600p initial public offering price back in February 2021.
Pretax profit was GBP7.1 million in the 12 months that ended September 30, down 23% from GBP9.3 million the year before.
Revenue rose by 13% to GBP135.2 million from GBP119.8 million. Of this, 5% was organic growth. Gross merchandise value on the platform was down 3% at constant currency, however, partly due to slower growth in total hammer value. THV was up 3% at constant currency to GBP10.8 billion for the full year, though declined slightly in the second half of the year.
More positively, revenue from value-added services was up 27% in the recent year at constant currency.
Offsetting the revenue rise, net finance costs doubled to GBP15.4 million from GBP7.5 million. This was due to higher interest paid on loans and a foreign exchange loss.
Adjusted earnings before interest, tax, depreciation and amortisation was up 19% to GBP64.0 million from GBP54.0 million. This gave an adjusted Ebitda margin of 47%, improved from 45% in financial 2022.
Auction Technology said it expects to maintain this Ebitda margin in financial 2024. It expects organic revenue growth of 5% to 8%, with total growth revenue growth higher than this.
"Whilst the macroeconomic environment has become more challenging and impacted our rate of growth in the second half, we are strengthening our core proposition with the introduction of revenue streams that are less correlated with sector trends," said Chief Executive Officer John-Paul Savant.
"The strength of our marketplace business leadership and traction in our value-added services such as atgPay and atgShip, provide long runways for growth."
Auction Technology pays no dividend and said it doesn't expect to for the "foreseeable future".
By Tom Waite, Alliance News editor
Comments and questions to [email protected]
Copyright 2023 Alliance News Ltd. All Rights Reserved.
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Security Name | Price | Change (%) | Morningstar Rating |
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386.56 GBX | 3.08 | - |
Gender (C 2021) | |
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Males | 12,727 |
Females | 15,566 |
IMAGES
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View all of our latest financial results, reports, and presentations. We are committed to the highest standards of corporate governance. Read the latest RNS news. Browse our library of shareholder meeting documents. Information about Auction Technology Group for investors.
Full Year Results 2023. Download FY23 Preliminary Results. Download FY23 Presentation. ATG FY23 Webcast. 13th September 2023.
3300 Ashton Blvd Suite 440 Lehi UT 84043 USA. Jackson. 100 S High St Jackson MO 63755 USA. Mexico. Av. Rubén Darío 425-Piso 8, Circunvalación Vallarta, 44680 Guadalajara, Jal., Mexico. Auction Technology Group operates eight world-leading marketplaces and proprietary auction platform technology for curated online auctions.
109k Views. AUCTION TECHNOLOGY GROUP PLC ATG Company page - Search stock, chart, recent trades, company information, trading information, company news, fundamentals.
Auction Technology Group PLC is an investment holding company that provides management services to its subsidiaries. The Company is the operator of marketplaces for curated online auctions. It operates through four segments: Arts & Antiques (A&A), Industrial & Commercial (I&C), Auction Services, and Content. The A&A segment offers auction ...
Based in London, England. Auction Technology Group plc with over 250 employees, and headquarters in London Bridge, ATG is transforming the way billions of pounds, euros and dollars worth of items are bought and sold globally via auction. They operate the world's leading marketplaces for curated online auctions, seamlessly connecting bidders ...
Auction Technology Group PLC is a leading online marketplace platform that connects buyers and sellers across the globe. Founded in 2006, the company operates in more than 50 countries and provides technology solutions for various industries including fine art, classic cars, industrial machinery, and real estate.
Save as PDF. Financial statements and reports for Auction Technology Group plc (ATG) ORD GBP0.0001 including annual reports and financial results for the last 5 years.
1,491.17. -0.26%. FOUR.L 4imprint Group plc. 5,120.00. +1.19%. Find the latest Auction Technology Group plc (ATG.L) stock quote, history, news and other vital information to help you with your ...
View the latest Auction Technology Group PLC (ATG) stock price, news, historical charts, analyst ratings and financial information from WSJ.
Investors Chronicle View. The last IC recommendation on Auction Technology Group PLC shares was Hold at 554.00 on 16 May 2024 Read the full article. About the company. Auction Technology Group PLC is an investment holding company that provides management services to its subsidiaries. The Company is the operator of marketplaces for curated ...
Our Investment case. 1. A large and growing market transitioning to online. The growing popularity of auctions as a channel for secondary goods sales as well as the structural shift online of the industry creates positive tailwinds for ATG. The growing attractiveness of secondary goods due to the value they offer, as well as their ...
Get the latest Auction Technology Group PLC (ATG) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.
Auction Technology Group had revenue of $86.02M USD in the half year ending March 31, 2024, with 48.99% growth. This brings the company's revenue in the last twelve months to $176.01M, up 11.66% year-over-year. In the fiscal year ending September 30, 2023, Auction Technology Group had annual revenue of $135.23M with 12.83% growth. ...
Auction Technology Group (ATG) is a leading online platform for auctions across Europe and the United States. ATG owns and operates seven leading online auction marketplaces that enable auctioneers in the Industrial & Commercial and Art & Antiques verticals to connect with bidders across 171 countries.
65 Southwark Street. London, England, SE1 0HR, United Kingdom. +44 (0)203 725 5500. Suggest an edit. You're one click away from the most comprehensive, unmatched analyst expertise in tech, in-depth private company data and a platform that brings it all together. Click Now. Join a live demo.
Auction Technology shares were down 14% at 539.00 pence in London early Thursday. The stock is down 10% from its 600p initial public offering price back in February 2021. Pretax profit was GBP7.1 ...
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ATG is an aggregator in the large and fragmented auction industry. We simplify and integrate multiple parts of the online auction process, from the cataloguing of items to marketing, auction hosting, bidding and most recently payment solutions. In doing so, we enable auctioneers to become genuine online businesses in a cost-efficient way. The ...
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