Altitude Group (ALT)

Sector:

Media

Index:

FTSE AIM All-Share

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 75.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 100.50p
  • 52 Week Low: 49.00p
  • Currency: UK Pounds
  • Shares Issued: 54.61m
  • Volume: 14,214
  • Market Cap: £41.23m
  • RiskGrade: 404
  • Beta: 0.15

Altitude enters two-year partnership with Florida's Drummond Press

By Josh White

Date: Tuesday 24 Oct 2017

LONDON (ShareCast) - (ShareCast News) - Personalised products marketplace operator Altitude Group announced a new two-year Channl enterprise partnership with Drummond Press on Tuesday.
The AIM-traded firm said Drummond Press, based in Florida, is "one of the largest and fastest growing" managed print services groups in the southeastern United States, incorporating established current promotional products revenues of around $3m per year.

It said the main features of the partnership agreement included that the Channl platform technology would provide a promotional product ecommerce platform for each of Drummond's approximately 14,000 existing end user customers, with the Drummond Channl sites to feature a "curated collection" of corporate personalised merchandise provided by Channl's supply partners.

In addition, Altitude would provide its "comprehensive" CRM and sales order management system.

Both platforms would be provided to Drummond in return for Altitude receiving a share of the throughput supplier revenue from both ecommerce and non-ecommerce transactions.

Drummond also contracted to procure all promotional product supplies through Altitude on an exclusive basis during the contract term, and route all current promotional product revenues either through the ecommerce Channl platform or the sales order management system provided under the partnership agreement.

"We are delighted to have been chosen by Drummond to provide our unique Channl technology and supply chain offering," said Altitude's executive chairman Peter Hallett.

"Establishing this new partnership with Drummond, a fast growing and forward-thinking provider of managed print services demonstrates the attractiveness of our Channl and existing CRM and order management solutions as a free and compelling leading edge technology solution for businesses for whom promotional products represent a substantial revenue opportunity."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Altitude Group Market Data

Currency UK Pounds
Share Price 75.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 100.50p
52 Week Low 49.00p
Volume 14,214
Shares Issued 54.61m
Market Cap £41.23m
Beta 0.15
RiskGrade 404

Altitude Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.15% below the market average89.15% below the market average89.15% below the market average89.15% below the market average89.15% below the market average
73.13% below the sector average73.13% below the sector average73.13% below the sector average73.13% below the sector average73.13% below the sector average
Price Trend
46.27% above the market average46.27% above the market average46.27% above the market average46.27% above the market average46.27% above the market average
48.57% above the sector average48.57% above the sector average48.57% above the sector average48.57% above the sector average48.57% above the sector average
Income Not Available
Growth
81.99% above the market average81.99% above the market average81.99% above the market average81.99% above the market average81.99% above the market average
85.07% above the sector average85.07% above the sector average85.07% above the sector average85.07% above the sector average85.07% above the sector average

Altitude Group Dividends

No dividends found

Trades for 22-Oct-2018

Time Volume / Share Price
11:38 13,683 @ 73.44p
08:03 531 @ 76.15p

Altitude Group Key Personnel

CFO Graeme Couturier
COO Deborah Wilkinson

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