REGISTER: Hear how PetroTal (PTAL) is increasing oil & gas production in Peru. Find out more at the focusIR Feb Investor Webinar. Sign up here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

Pin to quick picksEbiquity Share News (EBQ)

Share Price Information for Ebiquity (EBQ)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 22.50
Bid: 22.00
Ask: 23.00
Change: 0.70 (3.21%)
Spread: 1.00 (4.545%)
Open: 22.50
High: 22.50
Low: 22.50
Prev. Close: 21.80
EBQ Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EARNINGS AND TRADING: Card Factory buys Garven; Carclo loss narrows

Thu, 05th Dec 2024 16:00

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

----------

Card Factory PLC - Wakefield, West Yorkshire-based greeting cards and gifting firm - Buys Garven Holdings LLC, a Minnesota gift and "celebration essentials" designer and wholesaler which trades as Garven Design and Cadence Packaging, for USD25 million. Deal was completed on Wednesday and funded from existing cash and debt facilities. Based on current sales, the acquisition represents around 5% of total revenue, with negligible benefit to be realised in the remainder of financial 2025.

Says the deal will allow it to "further explore design and buying synergies, alongside opportunities to introduce its own ranges into the US wholesale market". In addition, says second-half trading has been in line with expectations, with an encouraging start to the Christmas season. Its programme of productivity and efficiency savings, announced in September, also remains on track. Full-year expectations are currently unchanged. Chief Executive Darcy Willson-Rymer says: "This acquisition is a key step in delivering the growth from partnerships as we guided at our Capital Markets Update in May last year. Garven represents an exciting opportunity for Card Factory to build scale in the world's biggest celebration occasions market."

----------

Headlam Group PLC - floor coverings specialist - Says revenue decline slows in the second half to date, despite a the lack of market improvement. Revenue declines 7.3% for the five months to the end of November compared to an 11.8% decline in the first half. Explains the lower level of revenue decline in H2 principally been driven by revenue from larger customers, in particular resulting from Carpetright exiting the market. This helped to reduce the decline in UK revenue from 11.3% in H1 to 6.6% in the 5 months to the end of November. Despite the improved rate of revenue decline in recent months, the market itself has been weaker than previously projected. Accordingly, expects the underlying pretax loss for the second half to be broadly in line with the first half. Projects GBP2 million increase in costs as a result of the budget. Chief Executive Chris Payne says: "The challenges impacting the UK flooring market have continued to weigh on our trading performance in the short term. However, the board remains encouraged by the significant progress we are making against our strategy and transformation plan to simplify our operations and improve our customer offering. In light of the additional market headwinds, we are extending this programme to target greater benefits over the next two years. This progress remains critical to ensuring the business is positioned for long-term success given the wider current macroeconomic uncertainty and its impact on consumer confidence and our markets in the near-term."

----------

Gunsynd PLC - investor in companies and projects in the natural resource sector - Says pretax loss narrows to GBP845,000 in the year to July from GBP1.7 million a year prior. This reflects a reduced unrealised loss on financial investments of GBP95,000 compared with GBP1.0 million a year before. Administrative expenses rise to GBP598,000 from GBP568,000. "The cyclical downturn in the mineral resource exploration sector continued throughout the year under review, however, there are signs that this pressure may now be easing, not least with increases in the prices of gold, copper and uranium, the commodities of focus within the company's portfolio. Stock market conditions remain depressed, but the board believes this has created a situation of vast disconnect between commodity prices and the valuation of junior exploration companies," company says. Further Gunsynd says: "The board continues to look at investments in line with its investment policy." This could "potentially include increasing a stake(s) in investments already held. Such investment(s) may or may not lead to a reverse takeover."

----------

Software Circle PLC - Manchester, England-based acquirer of market software businesses - Swings to pretax profit of GBP1.3 million in the year to September from GBP1.9 million a year prior. Revenue rises 8.5% to GBP8.9 million from GBP8.2 million. Says an expected decline in the lower margin, non-recurring revenue within its Nettl Systems business, following a turbulent previous financial year, resulted in an overall decline in like-for-like revenue of 8% for the group. Moving forward, expects revenue to stabilise at this year's level. Remains "cautiously optimistic" about the remaining year.

----------

Carclo PLC - Surrey, England-based provider of high-precision components - Pretax loss narrows to GBP91,000 in the six months ended September from GBP2.5 million a year prior despite 8.9% drop in revenue to GBP61.0 million from USD66.9 million. Basic loss per share narrows to 0.8p from 3.0p. Loss from exceptional items narrows to GBP973,000 from GBP2.1 million. Finance expenses decrease to GBP2.8 million from GBP2.9 million. Says it is on track to complete debt financing in the fourth quarter of 2025. Further it has "increasing confidence in meeting sits full-year expectations" due to its "solid" half-year performance combined with "stable" markets for its businesses. Adds that "we are confident that we remain on track to achieve our long-term strategic goals."

----------

Ebiquity PLC - London-based media and marketing consultancy - Issues trading update for year to December. Says the second half of 2024 has been stronger than the first, as anticipated, with mid-single digit revenue growth expected. But cautions that "the very final months of the financial year are not meeting those high expectations in all respects". As a result, expects full-year revenue to show a low single-digit decline from 2023. "This has resulted from challenging trading conditions in some regions and from some operational constraints as the volume of business in recent months has become more concentrated," company says. Realises some "tactical" cost savings to mitigate the sales shortfall. Thus, expects adjusted earnings before interest and tax for the second half should be more than double those of the first. This will amount to a full year adjusted Ebit margin of around 10%, down from 15% a year prior. Notes stronger seasonal cash collections will continue through the first quarter of 2025 and stresses the group has "ample liquidity and headroom against its banking covenants."

----------

ITM Power PLC - Sheffield, England-based designer and manufacturer of electrolyser systems for green hydrogen production - Updates financial 2025 guidance. Leaves full-year revenue outlook unchanged at between GBP18 million and GBP22 million. Expects adjusted earnings before interest, tax, depreciation and amortisation loss in the range of GBP32 million to GBP36 million, improved from GBP35 million to GBP40 million. Net cash at year-end is projected in the range of GBP170 million to GBP180 million, improved from GBP160 million to GBP175 million. Revenue in the six months to October forecast of GBP15.2 million with an adjusted Ebitda loss of GBP17.1 million. Dennis Schulz, chief executive, says: "In the first half of the year, ITM achieved its strongest revenue performance in any six-month period whilst tightly managing costs and capital expenditure. Our sales pipeline has continued to grow, and we are well-positioned as customer FIDs accelerate through 2025. We look forward to providing a more detailed update with our interim results in January."

----------

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
12 Sep 2012 16:41

RBS directors sell as nine Burberry directors stock up

Late on Tuesday afternoon it was announced that the Chief Executive of RBS Insurance, Paul Geddes, and the Chief Executive of RBS Markets and International Banking, John Hourican, have both sold shares in the government-owned lender. Geddes sold 39,489 ordinary shares on Monday at 245.71p each, wh

Read more
3 Aug 2012 10:01

Ebiquity buys advertising audit firm FirmDecisions

Business data consultancy Ebiquity has bought advertising auditing firm FirmDecisions in a deal that could be worth up to seven million pounds. FirmDecisions is being acquired for an upfront cost of £1m which is being paid from Ebiquity's existing banking facilities. That figure could rise to £7m,

Read more
18 Jul 2012 10:27

Ebiquity returns to the black

Ebiquity, the media and marketing performance measurement business, has pleased its investors by returning to the black. Pre-tax profit for the year ended April 30th came in at £2.64m (2011: £1.78m loss) on revenues of £52.92m that were up 20% on the previous year's £44.17m, boosted by acquisitions

Read more
25 Jan 2012 09:40

Ebiquity equity in ecstasy on impressive profitability

Ebiquity, the research group focused on the media and marketing industries, had a storming six months to the end of October last year, with underlying profits before tax rising 52% over the previous year. Total revenues during the period rose 17% while organic revenue growth, which strips out acqui

Read more
10 Jun 2011 07:54

Ebiquity takes control of media practice partner

Media and marketing insights firm Ebiquity has purchased a majority stake in its Russian media practice partner, The Joined Up Media Company (JUMC), for a maximum consideration of £1.2m. "Russia is an increasingly important market to Ebiquity's existing clients and this reinforced capability will a

Read more
20 May 2011 16:51

Ebiquity comfortably in line

Media and marketing insights firm Ebiquity is to buy global reputational analysis agency, Echo Research. Ebiquity will pay an initial £3.5m for the privately owned firm, but the consideration could rise up to £10m, depending on the performance of the acquired business. Echo's business focuses on b

Read more
19 Jan 2011 11:01

Small caps round-up: Henderson Smaller Cos, Forte Energy, Vane Minerals...

Small cap-focused trust Henderson Smaller Companies achieved a total return of 22.1% for the half-year to 30 November, putting the benchmark index - up 12.7% - in the shade. The trust, which increased total pre-tax profit from £37.9m to £42.6m, said it expects the markets to remain "choppy", but t

Read more
14 Dec 2010 17:25

Ebiquity's Xtreme integration

Ebiquity has achieved costs savings faster than expected which means that operating profit will be higher than expected at the interim stage. The AIM-quoted media analysis and data provider says that it is comfortable with the current full year estimates of an underlying profit of £4.2m but there

Read more
30 Jul 2010 17:18

GETECH chairman buys

Peter Stephens, the chairman of oil exploration data services provider GETECH Group, has bought shares for the fourth time in four months. Yesterday, AIM-quoted GETECH said trading continues to recover in the second half. Management expects to report an operating profit in the six months to July 2

Read more
23 Jul 2010 16:00

UK SMALLCAP ROUNDUP: Sirius Exploration's FY10 Loss Widens

Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps SIRIUS EXPLORATION PLC (SXX.LN), a mining and exploration holding company focused on potash and salt deposits in North America and Australia, Friday post

Read more
23 Jul 2010 12:30

UK SMALLCAP ROUNDUP: HMV Refinances GBP240M Facility

Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps HMV GROUP PLC (HMV.LN), a U.K. entertainment retailer, said Friday it has completed the refinancing of its GBP240 million revolving credit facility with

Read more
23 Jul 2010 09:30

UK SMALLCAP ROUNDUP: Salamander Energy: Vietnam Well Dry

Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps SALAMANDER ENERGY PLC (SMDR.LN), an oil and gas firm, Friday said it didn't find any oil at an exploration well offshore Vietnam, marking another setback

Read more
23 Jul 2010 08:18

Ebiquity Pretax Profit Slumps On Xtreme Acquisition Costs

LONDON (Dow Jones)--Media consultancy Ebiquity PLC (EBQ.LN) Friday reported a sharp fall in fiscal-year profit due to acquisition costs, and said it is poised to benefit from companies' increasing scrutiny of their own marketing efforts. Ebiquity, which provides analysis and consultancy services

Read more
23 Jun 2010 11:12

Ebiquity Buys 51% Stake In Milan-Based Media Advisor

LONDON (Dow Jones)--Ebiquity PLC (EBQ.lN) announces Wednesday that it has acquired a 51.0% stake in Media Advisor, a privately held independent media consultancy based in Milan. MAIN FACTS: -The business was acquired from the vendors, Arcangelo diNieri and Maria Gabrielli, who will continue

Read more
26 Mar 2010 16:30

Non-exec sells stake in Twilight distributor

Non-executive Robert Lantos has sold his entire holding of ordinary shares in Entertainment One, which owns distribution rights to the Twilight vampire films. The Entertainment One share price has almost quintupled in the past year. Lantos gained his stake and board position after he sold his Cana

Read more

Track Your Investments

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.