ATG FY24 Trading Update

ATG provides an update on its trading performance for the financial year ended 30 September 2024.

ATG has continued to make good progress against its strategic initiatives, including growing the adoption of value-added services and rolling out our cross-listing product, atgXL. Encouragingly, GMV has demonstrated significantly improved momentum in the second half of FY24. GMV is still slightly negative year-over-year as headwinds in the underlying end markets have yet to reverse. As a result, the Group expects full year revenue to be $174m, an increase of 5% (up 2% on an organic basis1) and marketplace revenue is expected to increase 7% (up 3% on an organic basis1).


The Group’s cost performance was in line with its expectations to deliver a significantly improved adjusted EBITDA margin in the second half of the year benefiting from phasing of costs. The Group expects its adjusted EBITDA margin to be between 45% and 46% for the full year. Through ongoing strong cash generation, the Group continues to expect its adjusted net debt to adjusted EBITDA ratio to be at 1.5x at year end.
The Group will report its Full Year results on Wednesday 27 November 2024.