Updates

Altitude - Wins further university contracts

July 2023

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Altitude’s trading statement said FY23 results to end March will be at least in line with the recently upgraded forecasts, representing a minimum year-on-year increase in revenue of c.49% and adjusted EBITDA of c.74%. The swing factor has been the new contract wins in the Adjacent Markets Programmes (AMPs), which as I said in the April issue of SCSW is where it has tied up with a number of US universities to offer university branded merchandise. Altitude has also just announced further contracts, with more to follow. FY24 has started with a bang and is tracking significantly ahead of the same period last year. Results are due in July; buy. ...

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