Auction Technology Group
ATG · Main Market · Technology · mcap £582m · 479.2p 2 open situations →
Open · 2
FY26 guidance delivery
Guidance was set on 26 November 2025 and confirmed on 22 January and 20 April 2026. On 14 May 2026 it was raised to 5-6% after H1 growth of 7.9%. On 23 July 2026 Q3 growth of 7.8% led to a further raise to 5.5-6.5%. Margin guidance is unchanged but now expected at the bottom end. Leverage is 1.7x, with about 1.5x expected at FY26 end.
- H1 growth
- 7.9% pro forma constant currency 14 May 2026 ↗
- FY26 revenue guide
- 4-5% pro forma constant currency, weighted to first half 20 Apr 2026 ↗
- Capital allocation
- Board to consider towards end of year 14 May 2026 ↗
- Revenue guidance
- 5.5-6.5% pro forma constant currency, up from 5.0-6.0% (23 July 2026) 23 Jul 2026 ↗
- Cost savings
- $4m run-rate programme, mainly FY27 14 May 2026 ↗
- Margin guidance
- 34.5-35.5% adjusted EBITDA, unchanged; outcome expected at bottom end 23 Jul 2026 ↗
Next: FY26 pre-close trading update and notice of results · 22 Oct 2026
- 23 Jul 2026 Revenue guidance raised again to 5.5-6.5%
- 14 May 2026 Guidance raised to 5-6% revenue growth
- 20 Apr 2026 Guidance confirmed after strong H1
- 22 Jan 2026 Guidance confirmed after positive Q1
FitzWalter Capital Limited campaign
FitzWalter's public campaign over the Chairish deal, margins and the I&C sale discussions ran through January 2026, with the board giving I&C interest detail on 22 January. On 2 February 2026 FitzWalter confirmed it does not intend to make an offer. The board responded the same day, is bound by Rule 2.8, and says it looks forward to continuing constructive dialogue with FitzWalter, which remains the largest shareholder.
- I&C interest
- Preliminary interest from two third parties and FitzWalter; none beyond exploratory stage (22 January 2026) 2 Feb 2026 ↗
- Progress
- None moved beyond exploratory stage; no NDA executed; no formal terms 22 Jan 2026 ↗
- FitzWalter material
- 10-page presentation based on public information provided as a 'teach in' 22 Jan 2026 ↗
- Use of proceeds
- Not debated by the board because discussions were embryonic 22 Jan 2026 ↗
- Bid status
- FitzWalter confirmed on 2 February 2026 it does not intend to make an offer for ATG 2 Feb 2026 ↗
- Restriction
- Bound by Rule 2.8 of the Takeover Code; six months from 2 February 2026, with stated exceptions 2 Feb 2026 ↗
Next: Rule 2.8 restriction on FitzWalter offer runs for six months
- 7 May 2026 27.4533%
- 30 Apr 2026 26.4458%
- 31 Mar 2026 26.0306%
- 31 Mar 2026 26.0306%
Closed · 2
Company filings. Not investment advice.