27th Nov 2018 13:01
LONDON (Alliance News) - Altitude Group PLC said Tuesday that current trading remains in line with management expectations and on target to be broadly in line with market forecasts for 2018.
The company's current sales order value per week for the 9-week period since September 25 stood at USD675,000, up from USD487,000 in the year ago period.
"As we approach the end of 2018 and begin preparations for the new year, I am enthusiastic about the traction that is building in both users on the platform and in transactional throughput and fee revenue across the AIMPro platform. We look forward to the future with the confidence as we continue to build on the momentum within the AiM member base," said Chief Executive Nichole Stella.
Separately, Altitude Group said it has appointed Keith Edelman to the board as an independent non-executive director. Edelman currently is chairman of Revolution Bars Group PLC and Pennpetro Energy PLC. He formerly was Managing Director of Arsenal Holdings PLC, where he was responsible for the football club's move to Emirates stadium.
Shares in the company, which provides technology services to the promotional products, print and clothing industries, were trading 1.1% higher at 86.70 pence each on Tuesday afternoon.
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Altitude Group