Altitude Group 2016 results to be 'marginally' ahead of expectations

Altitude Group expects results for 2016 to be “marginally” ahead of expectations, subject to audit, after it cut costs by about £1.8m by restructuring the technology company.

The AIM-listed firm said that its ‘Click 2 Ship’ websites, which provide a e-commerce platform to product resellers, is “potentially structurally changing” in the fragmented personalised and promotional product, signage and printed wearables industries in the US, a market it said is worth more than $25bn a year. Altitude is remunerated as a percentage of supplier revenue processed through the websites.

In the last quarter of 2016, the company created little over 22,000 websites issued to its American trading partners Aprinta and Al Mastermind.

The company has also started a new email marketing campaign and finalised branding for the C”S model called Channl.com.

Shares in Altitude Group were down 5.16% to 84.88p at 1222 GMT.