20 February 2025
AdvancedAdvT
Limited
Trading
Update
Full year trading materially
ahead of expectations
AdvancedAdvT Limited (AIM: ADVT,
"AdvT", the "Group"), the international software solutions provider
for the business, compliance, and resource management, today
announces a pre-close trading update for the full year to 28
February 2025.
Trading Update
The Group has demonstrated strong
performance since announcing its interim results on 14 November
2024. As a result, the Board now anticipates Adjusted EBITDA for
the full year to 28 February 2025 will be materially above the
current market expectations1. Performance has been
driven by good growth in both new customers and the renewal of
substantial contracts on improved terms, leading to sustained
growth in recurring revenue. Additionally, the Group's laser focus
on operational efficiencies achieved throughout the year has
further strengthened the underlying and ongoing performance.
Further details will be provided in the audited full-year results
expected to be published in July 2025.
Vin
Murria, Chairperson, commented:
"Our strong performance reflects the
operational changes implemented in the first half of the year and
the positive impact of key customer contract wins. These factors
provide a solid foundation for continued growth. We remain focused
delivering long-term value for our shareholders and continue to
pursue further M&A targets."
1. The Board understands that current market expectations for
FY25 Revenue and Adjusted EBITDA as at the date of this
announcement are £41.0m and £8.4m respectively
Enquiries:
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AdvancedAdvT Limited
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Vin Murria, Chairperson
Gavin Hugill, Chief Financial
Officer
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c/o Meare Consulting
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Singer Capital Markets (Nominated Adviser and
Broker)
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Tel: 020 7496 3000
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Philip Davies / Sam
Butcher
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KK
Advisory (Investor Relations)
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Tel: 020 7039 1901
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Kam Bansil
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Meare Consulting
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Adrian Duffield
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Tel: 07990 858548
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Note to Editors
AdvancedAdvT Limited (AdvT) provides
software solutions and platforms across two business
transformational areas: business solutions & healthcare
compliance, and human capital management.
The Group's operations are IBSS
(financial management software), CHKS (AI based healthcare
intelligence compliance and accreditation software), Retain (global
resource planning and talent management software) and WFM
(workforce management software provider).
AdvT is an agent for change. The
Group enables the delivery of Artificial Intelligence ("AI"), data
analytics and business intelligence, all of which are key future
drivers for growth in these sectors where long term digitisation
trends are set to transform the workplace for
professionals.
AdvT is developing both organically
and through acquisitions, by expanding its presence across adjacent
markets, geographical boundaries and digital sectors.