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| Date | 13 May 2022 |
| Time | 15:00:06 |
| Category | Corporate updates |
| ID | 4909L |
AUCTION TECHNOLOGY GROUP PLC
Proforma performance across the prior financial year 2021
London, United Kingdom, 13 May 2022 - Auction Technology Group plc ("ATG", "the Company", "the Group") (LON: ATG), operator of the world's leading marketplaces for curated online auctions, provides the following unaudited disclosure on historical performance in order to aid comparisons ahead of the Interim Results for H1 2022 on 19 May 2022.
The Group has made certain acquisitions that have affected the comparability of the Group's results. The prior period unaudited results have been presented on a proforma basis as if the acquisitions of LiveAuctioneers and Auction Mobility had occurred on 1 October 2020.
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H1 20211 |
FY 20211 |
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Proforma revenue |
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Arts and Antiques |
£23.2m |
£48.3m |
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Industrial and Commercial |
£21.6m |
£44.4m |
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Total marketplace |
£44.8m |
£92.7m |
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Auction Services |
£3.7m |
£7.5m |
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Content |
£1.4m |
£3.1m |
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Total |
£49.9m |
£103.2m |
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Reported revenue |
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Arts and Antiques |
£8.1m |
£16.2m |
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Industrial and Commercial |
£21.5m |
£43.7m |
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Total marketplace |
£29.6m |
£59.9m |
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Auction Services |
£3.5m |
£7.1m |
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Content |
£1.4m |
£3.1m |
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Total |
£34.5m |
£70.1m |
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H1 20211 |
FY 20211 |
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Proforma Operating Key Performance Indicators2 |
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Total Hammer Value |
£3.8bn |
£7.9bn |
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Online Share |
34% |
33% |
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Gross Merchandise Value |
£1.3bn |
£2.6bn |
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Take rate |
3.4% |
3.5% |
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1. Proforma is shown on a constant currency basis using average exchange rates for H1 2022 applied to the prior periods. The average US dollar rate for H1 2022 was 1.34 and the average Euro rate was 1.19.
2. Refer to the glossary in the FY 2021 Annual Report and Accounts for full definition of the terms.
Auction Technology Group ("ATG") will publish its half year results for the financial year 2022 (the six-month period ending on 31 March 2022) on Thursday 19 May. The results will be published at 07.00am (UK time) through the regulatory news service (RNS) and on the Company's website, followed by an analyst presentation at 9.30am (UK time).
For further information, please contact:
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ATG |
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For investor enquiries, Rebecca Edelman |
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For media enquiries |
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Tulchan Communications |
+44 207 353 4200 |
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(Public relations advisor to ATG) |
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Tom Murray, Matt Low, Laura Marshall, Arthur Rogers |
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About Auction Technology Group plc
Auction Technology Group plc ("ATG") is the operator of the world's leading marketplaces and auction services for curated online auctions, seamlessly connecting bidders from around the world to trusted auction houses across two major sectors: Industrial & Commercial ("I&C") and Art & Antiques ("A&A").
The Group powers seven online marketplaces using its proprietary auction platform technology, hosting in excess of 70,000 live and timed auctions each year. ATG has been supporting the auction industry since 1971 and the Company has offices in the UK, US and Germany.
LEI Number: 213800U8Q9K2XI3WRE39