10th Feb 2025 09:23
(Alliance News) - All Things Considered Group PLC on Monday said it is sizing up a move to the London Stock Exchange, and expects to report that revenue more than doubled last year.
The music talent management, live booking and merchandising firm is currently listed on the Aquis Exchange.
It expects revenue of around GBP50 million for 2024, up markedly from GBP24.1 million in the previous year.
The company expects adjusted operating earnings before interest, tax, depreciation and amortisation of GBP1.5 million, swinging from a loss of GBP460,000.
"ATC continues to have its artist representation at the core of its business. As the broader music sector pivots towards empowering artists to take control of their own rights, ATC is perfectly positioned to offer its artists a fully integrated service offering in partnership with artists at all stages of their career," ATC said.
The firm said its performance in 2024 was underpinned by growth in all its service divisions.
It said "positive trading momentum" had continued into the beginning of the new financial year.
ATC said it is considering moving to a market operated by the London Stock Exchange in light of its growth and requests by "existing and potential shareholders" to improve share liquidity.
In addition, it announced it has agreed to acquire the remaining stake in Driift, a provider of end-to-end livestreaming capability. Driift had been an "associated company", with ATC owning just under a third.
Chief Executive Officer Adam Driscoll said: "This has been a year of material advancement for the group, in line with our vision of building a full-service music business that delivers for artists across the music industry value chain.
"We have entered the new year with the building blocks in place and the scale to capitalise on a growing market opportunity. With a robust financial position, growing profitability and strong pipeline of visible activity, the Board is confident of delivering continued growth in the year ahead."
All Things Considered shares were flat at 97.50 pence on the Aquis Exchange on Monday morning.
By Michael Hennessey, Alliance News reporter
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