ATTRAQT Group PLC AGM Statement (4408R)
June 30 2020 - 2:00AM
UK Regulatory
TIDMATQT
RNS Number : 4408R
ATTRAQT Group PLC
30 June 2020
30 June 2020
Attraqt Group plc
("Attraqt", the "Group" or the "Company")
AGM Statement
Attraqt Group plc (AIM: ATQT), a leading provider of online
experience orchestration, will hold its Annual General Meeting at
11:15 am today. At the meeting Nick Habgood, Non-Executive
Chairman, will make the following statement:
"I would like to take this opportunity to update on the
resilient performance delivered by the Group across April, May and
June.
With our teams operating from home and continuing to service our
customers , the influence of Covid-19 on trading has continued to
be limited. The Company's recurring revenue model, with many
customers on multi-year contracts, has served the company well and
recurring license-based revenues have remained stable. Whilst
increased uncertainty has meant that naturally, decision making
during the pandemic has been significantly slower, impacting new
bookings, the pipeline remains healthy and engagement with our
current customers has never been stronger.
A number of retailers and industry experts have noted that
COVID-19 appears to have accelerated the adoption of online
shopping and are forecasting that that the online channel will be
of greater relative importance and will receive investment going
forward. This bodes well for Attraqt.
Although it is clear that uncertainty will persist for some
time, we are confident that we are in a strong position. Thanks to
our robust balance sheet, effective remote operation and recurring
revenue model, we remain resilient and look forward to being a key
part of our customers' online experience at this critical time and
beyond."
For further enquiries please contact:
Attraqt Group plc 07747 766 849
Eric Dodd, CFO
Canaccord Genuity +44 (0)20 7523 8000
Simon Bridges
Adam James
Tom Diehl
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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END
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