Ebiquity PLC Trading update (9917E)
13 Julio 2021 - 1:00AM
UK Regulatory
TIDMEBQ
RNS Number : 9917E
Ebiquity PLC
13 July 2021
Ebiquity Plc
13 July 2021
Trading Update
Ebiquity plc ("Ebiquity" or the "Group"), a world leader in
media investment analysis, announces a trading update for the six
months ended 30 June 2021, ahead of the interim results
announcement planned for 23 September 2021.
Overall, trading in the first half was in line with
expectations. Ebiquity's business continued to build on the
momentum of the second half of 2020 with revenue of approximately
GBP32 million, 19% ahead of the previous year. This reflected both
the recovery in demand from existing clients as they returned to
more normal activity levels, and success in winning new business,
including for our new digital media solutions which continued to
grow rapidly. As expected, the Group was profitable in this half
year, in contrast to the loss incurred in H1 2020 and it also
improved profitability compared to the second half result in
2020.
The Group's net debt of GBP10.3 million as at 30 June 2021
(comprising cash balances of GBP9.3 million and gross debt of
GBP19.7 million) was in line with expectations.
Nick Waters, CEO, commented:
"We are pleased to have delivered on expectations in the first
half of 2021, reflecting the progress we are making as a business
and continued recovery in activity across the advertising markets.
The development of our new digital solutions portfolio is
progressing to plan. We are seeing the results of solid new
business performance and developing higher value strategic client
relationships. We anticipate further progress in the second
half."
Enquiries:
Ebiquity plc Via Instinctif
Nick Waters (Chief Executive Officer) Partners
Alan Newman (Chief Financial and
Operating Officer)
Instinctif Partners
Matthew Smallwood 07831 379 122
Guy Scarborough 07917 178 920
Panmure Gordon (Financial Adviser,
NOMAD & Broker)
Dominic Morley / Sandy Clark (Corporate
Advisory)
Charles Leigh-Pemberton (Corporate
Broking) 020 7886 2500
About Ebiquity plc
Ebiquity plc (LSE AIM: EBQ) is a world leader in media
investment analysis. It harnesses the power of data to provide
independent, fact-based advice, enabling brand owners to perfect
media investment decisions and improve business outcomes. Ebiquity
is able to provide independent, unbiased advice and solutions to
brands because we have no commercial interest in any part of the
media supply chain.
We are a data-driven solutions company helping brand owners
drive efficiency and effectiveness from their media spend,
eliminating wastage and creating value. We provide analysis and
solutions through five Service Lines: Media management, Media
performance, Marketing effectiveness, Technology advisory, Contract
compliance.
Ebiquity's clients are served by more than 500 media specialists
operating from 19 offices covering 80% of the global advertising
market.
The Company has the most comprehensive, independent view of
today's global media market, analysing $55bn of media spend from 75
markets annually, including trillions of digital media impressions.
Our Contract Compliance division, FirmDecisions, audits $40bn of
contract value annually.
As a result, more than 70 of the world's top 100 advertisers
today choose Ebiquity as their trusted independent media
advisor.
For further information, please visit: www.ebiquity.com
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END
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