Attraqt Group plc (AIM: ATQT), announces that revenue and Adjusted EBITDA for the year ended 31st December 2019 are expected to show growth in line with expectations.
Attraqt’s increased focus on multi-year contract renewals is delivering results with the Group signing 21 multi-year contracts (2018: 10 contracts). The Group also signed a number of new, well known brands in the year including its first customer in China. These commitments are a further illustration that our technology is becoming increasingly integral to the world’s best online brands and underline the momentum in the business.
Integration of Early Birds into the sales and product propositions continues and our individual solutions are already able to work together to drive customer value. R&D activity this year is focused on delivering a fully-unified product and customer experience during H2 2020 to then reap the full benefits. These are expected to have a positive impact on new bookings performance into the second half of 2020 and beyond.