Auction Technology Group has posted a 34% rise in revenues to £70.1m.
However, the online auctioneer saw losses grow 44% to £27.3m, which was due to costs around its IPO earlier this year.
CEO John-Paul Savant said: “We delivered revenue growth of 34 per cent and were excited to welcome Auction Mobility and, following our financial year end, LiveAuctioneers, to the Group.”
“These are both examples of highly attractive opportunities aligned with our desire to add value to our offering for auctioneers and bidders and to enable an ambitious growth strategy which provides additional value to all our stakeholders.
“We are ideally placed to lead and benefit from the auction industry’s ongoing structural shift to online and increased consumer demand for auctions, and we are focused on unlocking the value of the curated secondary goods market,” he added.
