Supply Chain issues10 Nov 2021 07:29
Current Trading
The Group continues to trade extremely well in line with our top line objectives for 2021, although incremental investments particularly in building client "'whopper" management infrastructure, emerging service areas (such as CTV and the Metaverse) and technology platforms to help automate our workflow continue to have an impact on EBITDA conversion and EBITDA margins in the Content practice. We see no negative impact so far in the remainder of 2021 or beyond from inflation, which we believe is more than transitory, supply chain discontinuities or Apple's changes to IDFA. Inflation gives our clients more pricing power "wiggle room", the supply chain discontinuities have resulted in a decline of discounts and hence increased profitability (eg autos) and the Apple IDFA and Google third party cookie moves have both increased uncertainties and client focus on the power of first party data and platform signals, stimulating interest in data & analytics.