ATTRAQT Group PLC Trading Update (7172E)

TIDMATQT

RNS Number : 7172E

ATTRAQT Group PLC

08 July 2019

8 July 2019

Attraqt Group plc

("Attraqt", the "Group" or the "Company")

Trading Update

Continued momentum delivering trading in line with expectations

Attraqt Group plc (AIM: ATQT), the provider of SaaS solutions that power exceptional online shopping experiences, announces that the Company is trading in line with the Board's expectations for the full year.

Following the acquisition of Early Birds SAS ("Early Birds") in May 2019, the Company is pleased to announce that the integration of business is progressing to plan and it is evident that the unified Attraqt and Early Birds solution is compelling for both current and prospective clients.

Attraqt's renewed focus on multi-year contract renewals is delivering results with the Group signing 11 multi-year contracts with a total renewal value of GBP3.9m in H1 2019, versus four contracts worth GBP0.3m in H1 2018. These renewals are a further illustration that our technology is becoming increasingly integral to the world's largest brands and underline the momentum in the business.

The Group's continued focus on customer success and experience has been bolstered by the appointments of David Newberry as Chief Customer Officer and Jon Stephens as Director of Customer Experience, focusing on delivering a seamless end-to-end customer experience. Both of these appointments further illustrate the Company's strategy of driving a customer centric-approach.

The Group expects to announce its Interim Results for the six months ended 30 June 2019 on 18(th) September 2019.

For further enquiries please contact:

 
 Attraqt Group plc 
 Luke McKeever, CEO 
 Eric Dodd, CFO 
 
 Canaccord Genuity         +44 (0)20 7523 8000 
 Simon Bridges 
 Adam James 
 
 Alma PR                   +44 (0)20 3405 0205 
 Rebecca Sanders-Hewett    attraqt@almapr.co.uk 
 Susie Hudson 
 Sam Modlin

About Attraqt Group plc

Attraqt powers exceptional shopping experiences for over 300 of the world's leading retail brands. The Company delivers omnichannel search, merchandising, and product & content personalization for retailers and brands. Simple-to-use interfaces and efficient workflows enable Merchandisers to take full control and enhance the value of smart automation with their own strategic expertise and creativity.

In 2019, Attraqt acquired Early Birds, the award-winning AI-driven personalization software provider. Together, the two companies combine Attraqt's pedigree in data-led search and merchandising capabilities to optimize product discovery and visual curation, with Early Birds' award-winning ability to empower learning algorithms to orchestrate and personalize the entire shopper journey. The benefits to retailers and brands will be the ability to orchestrate enhanced shopper journeys that also deliver superior commercial returns.

For more information visit www.attraqt.com

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July 08, 2019 02:00 ET (06:00 GMT)

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