Auction Technology Group plc (ATG) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome and thank you for joining HEG's interim results for fiscal year 25. I will be covering some highlights to start out, then our director of IR, Becky Edelman, will cover the financials, and then I'll conclude looking at some of the strategic things that we've been working on and our outlook. We're also joined today by Sarah Highfield, who's our new CFO, but as this is literally day one for her, she'll be more in observation mode for today. So if you want to go to the highlights page, please. So I'm going to go through the highlights, but first at an overarching level, a few things to call out. So first of all, our key top line numbers are up when companies that we benchmark ourselves against have actually been down. So while 3.4% is not a phenomenal top line number, you look at that and you compare on our ANA side where we were up 5% and that compares to Etsy being down 9%. Or you look at our INC group where we're up 5% and Ritchie Brothers was down six to 7%. And so relative to the market, we feel very good about where we've been performing. The other thing, to call out is that the measures we use to judge our competitiveness are also up. So whether it be Excel adoption and the impact that we're having for our customers or shipping, ATG ship, and again, the impact that we're having for our customers there. And then finally, at an overarching level, I think what we feel very good about in the current environment is that we executed against everything we said that we would do back in November. And that really gives us confidence for the ambition that we have still for ATG and what we're trying to execute going forward. So clearly this is a tough time to be making strong predictions, but based on how we performed to date, based on how we've executed and how we've...