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Pin to quick picksEbiquity Regulatory News (EBQ)

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10.75    0.00 (0.00%)
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Spread: 0.50 (4.762%)
Market Cap: £14.94m
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Interim trading statement

3 Aug 2017 07:00

RNS Number : 9666M
Ebiquity PLC
03 August 2017
 

Ebiquity Plc

("the Company")

 

 

Interim trading statement

 

 

Ebiquity plc, the leading independent marketing analytics specialists, today announces its trading statement for the 6 months ended 30 June 2017 ("the period").

 

Ebiquity's total revenues have grown by 5% over the period, with operating profit and earnings anticipated to be in line with market expectations.

 

During the period we continued to deliver against the milestones set out within our Growth Acceleration Plan. As planned, we organically expanded our Marketing Effectiveness practice into Europe and Asian markets, recruited dedicated business development staff in selected markets, and invested into internal support functions.

 

Additionally we launched the Ebiquity "Media Transparency Score" to help advertisers understand how well their business operations perform in achieving the level of media transparency they desire from their marketing activities, and "Total View Attribution" which enables clients to improve the return on investment of their media, by enabling them to understand which media channels and campaigns (both online and offline in combination) are the most effective and warrant increased investment.

 

Revenues from the Media Value Measurement ("MVM") practice achieved high single digit growth, benefitting from strong performance from our Contract Compliance business as clients are more focused on achieving media transparency. However, the performance of our US MVM business was softer than anticipated during the period, due to a lower rate of client renewals. We are in the process of strengthening our US team in response to these changing client demands.

 

The Market Intelligence ("MI") practice revenues from our platform business (Portfolio), which accounts for over 90% of MI revenue, increased over the period. We launched our Portfolio Digital service in Asia Pacific and Europe, which combined with high renewal rates, has driven a return to revenue growth. As expected, revenue from our project based reputation business declined in the first half.

 

Within the Marketing Performance Optimization ("MPO") practice our Marketing Effectiveness revenues continued to grow, most notably from our UK business. Additionally, during the first half of the year in line with our Growth Acceleration Plan we recruited Marketing Effectiveness practice leaders in Germany, France and Singapore. Performance from our US based Multi-Channel Analytics practice fell behind expectations due to organisational changes at some of our largest clients.

 

Whilst the first half of the year has been softer in the US, we anticipate stronger performance from the US MPO and MVM in the second half of the year and we are pleased that the MI practice has returned to growth following high renewal rates and new product launches. Management anticipate that full year trading will be broadly in line with market expectations.

 

The Company will release its interim report for the 6 months ended 30 June 2017 on 26 September 2017.

3 August 2017

Enquiries:

 

Ebiquity plc

Michael Karg (CEO)

Andrew Noble (CFO)

 

020 7650 9600

 

Instinctif Partners

Matthew Smallwood

Guy Scarborough

020 7457 2020

 

Numis Securities Limited

Nick Westlake (NOMAD)

Toby Adcock (Corporate Broker)

 

020 7260 1000

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTGMGGRMZFGNZZ
Date   Source Headline
4th Jul 201211:00 amRNSNotice of Final Results
1st Jun 20124:30 pmRNSIssued share capital
31st May 20122:45 pmRNSHolding(s) in Company
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5th Jan 20123:00 pmRNSNotice of Interim Results
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27th Jun 201112:17 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
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14th Dec 20107:00 amRNSTrading Update
6th Dec 20104:01 pmRNSNon Exec Director Declaration
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14th Apr 20109:00 amRNSHolding(s) in Company
14th Apr 20109:00 amRNSDirector/PDMR Shareholding
14th Apr 20107:00 amRNSCompletion of the Acquisitions
12th Apr 20103:08 pmRNSResult of EGM
8th Apr 20107:00 amRNSAcquisition
26th Mar 20101:10 pmRNSPDMR
26th Mar 201010:00 amRNSAcquisitions
19th Jan 20104:39 pmRNSHolding(s) in Company
13th Jan 20107:00 amRNSInterim Results
9th Dec 20099:00 amRNSNotice of Interim Results
14th Sep 200910:38 amRNSResult of AGM
24th Jul 20092:24 pmRNSDirector Dealings
22nd Jul 20097:00 amRNSFinal Results
22nd May 20093:42 pmRNSDirector/PDMR Shareholding
22nd May 20098:53 amRNSNotice of Results
1st Apr 20097:00 amRNSChange of Adviser
28th Jan 20097:00 amRNSInterim Results
16th Jan 20097:00 amRNSNotice of Interim Results
26th Nov 20088:58 amRNSNotifiable Interest
14th Nov 20082:56 pmRNSChange of Nomad
31st Oct 20087:00 amRNSDirectorate Change
30th Oct 20087:00 amRNSGerman Expansion
27th Oct 20081:46 pmRNSAcquisition
14th Oct 20081:21 pmRNSDirector/PDMR Shareholding
8th Oct 20089:06 amRNSChange of Adviser Name
8th Sep 20083:00 pmRNSResult of AGM

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