TIDMATG

RNS Number : 4909L

Auction Technology Group PLC

13 May 2022

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.

 
 
                             H1 2021 (1)  FY 2021 (1) 
 --------------------------  -----------  ----------- 
 Proforma revenue 
 Arts and Antiques              GBP23.2m     GBP48.3m 
 Industrial and Commercial      GBP21.6m     GBP44.4m 
 Total marketplace              GBP44.8m     GBP92.7m 
 Auction Services                GBP3.7m      GBP7.5m 
 Content                         GBP1.4m      GBP3.1m 
 --------------------------  -----------  ----------- 
 Total                          GBP49.9m    GBP103.2m 
 
 Reported revenue 
 Arts and Antiques               GBP8.1m     GBP16.2m 
 Industrial and Commercial      GBP21.5m     GBP43.7m 
 Total marketplace              GBP29.6m     GBP59.9m 
 Auction Services                GBP3.5m      GBP7.1m 
 Content                         GBP1.4m      GBP3.1m 
 --------------------------  -----------  ----------- 
 Total                          GBP34.5m     GBP70.1m 
 
                             H1 2021 (1)  FY 2021 (1) 
 --------------------------  -----------  ----------- 
 Proforma Operating Key Performance 
  Indicators (2) 
 Total Hammer Value             GBP3.8bn     GBP7.9bn 
 Online Share                        34%          33% 
 Gross Merchandise Value        GBP1.3bn     GBP2.6bn 
 Take rate                          3.4%         3.5%

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:

 
 ATG 
 For investor enquiries, Rebecca Edelman    rebeccaedelman@auctiontechnologygroup.com 
 For media enquiries                        press@auctiontechnologygroup.com 
 
 Tulchan Communications                     +44 207 353 4200 
 (Public relations advisor to ATG)          ATG@tulchangroup.com 
 Tom Murray, Matt Low, Laura Marshall, 
  Arthur Rogers

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

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May 13, 2022 10:00 ET (14:00 GMT)

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