ATTRAQT Group PLC Pre-Close Update (2949F)
27 July 2016 - 4:00PM
UK Regulatory
TIDMATQT
RNS Number : 2949F
ATTRAQT Group PLC
27 July 2016
27 July 2016
This announcement contains inside information
ATTRAQT Group plc
("ATTRAQT", the "Group" or the "Company")
PRE-CLOSE UPDATE
Strong KPI improvements and significant client extension
signed
ATTRAQT Group plc (AIM: ATQT), a leading provider of eCommerce
visual merchandising, site search and recommendation technology, is
pleased to provide the following pre-close update on trading for
the six months ended 30 June 2016.
The Group has seen strong improvements in its operational,
financial and KPI performance in the first half of 2016 and is on
course to deliver results for FY2016 in-line with market
expectations.
ATTRAQT continues to see a strong uptake for its Freestyle
merchandising platform from retailers in both the UK and
international markets. The Group signed 22 new contracts in the
period (H1 2015: 23), including four new clients in North America
and 14 new clients in the UK. The new clients include Fraser Hart
& Fields, JoJo Maman Bebe, Leekes, L.K. Bennett, The North
Face, OKA Direct, The Original Factory Shop, Timberland and Vans.
The total monthly revenue increment from new clients signed in the
period represents a 40% increase in comparison to the same period
in 2015. As announced on 18 July 2016, post period end, the Group
also secured the renewal of the existing boohoo.com contract (a
client since 2009) for a further two years, effective from 1 August
2016.
The Company's focus on tradeshows in H1 2016 has proved
successful and has helped to support the strong sales pipeline that
the Group has in place for H2 2016 and into 2017.
The Group delivered a solid financial performance in the period.
Continued investment in the Group's production processes has driven
increased efficiencies, with 17 new sites launched in the period
(H1 2015: 9) and a strong production pipeline in place for the
second half. The Group also achieved a 229% increase in the value
of new client sites delivered during H1, compared to the same
period last year. Platform usage has also continued to grow with a
32% increase in page impressions H1 2016 vs H1 2015 and site search
usage up by 65%.
Finally, ATTRAQT has continued to invest in platform
enhancements and product development. H1 2016 saw the introduction
of its new hyper-caching technology which provides a significant
increase in platform capacity and performance. One of the first
clients to benefit from the technology has a product catalogue in
excess of 200,000 skus.
Results for the six months ended 30 June 2015 are expected to be
released on 15(th) September 2016.
André Brown, CEO of ATTRAQT Group plc, commented:
"I am very pleased with the operational and financial
performance of the Group in the period, and our continued progress
across the UK, Europe and North America. The number and quality of
our new client wins underlines the significant contribution the
ATTRAQT Freestyle Merchandising Platform makes in helping our
retail clients maximise their eCommerce offer.
"We enter the second half of the year with a strong sales and
production pipeline and confidence in the outlook for the full year
and we look forward to updating shareholders further at the
Interims in September."
For further information, please contact:
ATTRAQT Group plc via Newgate
André Brown, CEO
Mark Johnson, CFO
N+1 Singer Tel: 020 7496 3000
Shaun Dobson, Lauren Kettle
Newgate Tel: 020 7680 6550
Madeleine Palmstierna, Adam Lloyd, Charlotte Coulson
About ATTRAQT
ATTRAQT launched its merchandising platform, Freestyle
Merchandising, in 2009 which included product recommendations, site
search and visual merchandising. The client base has now grown to
over 100 clients, including Tesco Clothing (part of Tesco Plc (LSE:
TSCO)), boohoo.com (LSE: BOO) and Superdry (LSE: SGP). The Group
has market presence in Western Europe and North America with
offices in London and Chicago. For more information please visit:
http://attraqt.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTSESFLMFMSESW
(END) Dow Jones Newswires
July 27, 2016 02:00 ET (06:00 GMT)
Attraqt (LSE:ATQT)
Historical Stock Chart
From Apr 2024 to May 2024
Attraqt (LSE:ATQT)
Historical Stock Chart
From May 2023 to May 2024