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Pin to quick picksEbiquity Regulatory News (EBQ)

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Pre-close trading statement

26 Jan 2017 07:00

RNS Number : 1425V
Ebiquity PLC
26 January 2017
 

Ebiquity Plc

("the Company")

 

 

Pre-close trading statement

 

 

Ebiquity plc, the leading independent marketing analytics specialists, today announces its pre-close trading statement for the year ended 31 December 2016 ("the year").

 

Ebiquity has continued to grow revenue with an increase in total unaudited revenues of 9%. Group margins are broadly in line with those achieved in 2015, with anticipated mid-single digit growth in operating profit and earnings. Ebiquity continued to benefit from the weakness of sterling, particularly in the second half of the year, with two-thirds of revenue denominated in non-sterling currency. FX revenue gains across the year amounted to £4.5m.

 

The Company remains on track with the milestones outlined in our Growth Acceleration Plan, including the roll out of our effectiveness services to Asia Pacific and the continued development of our digital products and services.

 

The Marketing Performance Optimization ("MPO") practice continues to be a rapidly growing part of our business and performed in line with management expectations. We outlined in our growth acceleration plan our intention to expand our Marketing Effectiveness offering to Asia Pacific, and we were pleased to see that in the second half of the year we commenced our first contract in Australia.

 

The Media Value Measurement ("MVM") practice, outside of our contract compliance business, has grown strongly across all regions in line with management expectations. However, in our contract compliance business (which represents a minority of MVM revenues) we have experienced a slow-down in revenue due to clients taking more time to act on the findings of the US Association of National Advertisers' ("ANA") Media Transparency reports. We continue to view the ANA Report and its findings as a long term growth driver for the MVM practice.

 

Within the Market Intelligence ("MI") practice revenues from our platform business (Portfolio), which accounts for over 90% of MI revenue, stabilised year on year outside the US where revenue reflected pressure on client budgets. Our new Ebiquity Portfolio platform was launched in September and has now been successfully rolled out to most clients globally. Additionally, we launched our market leading Portfolio Digital service in Asia Pacific which will roll out across Europe and North America in the coming weeks. Portfolio Digital distinguishes between direct and programmatically bought adverts on desktop and mobile, captures HTML5, rich media, embedded video, and tracks behaviourally targeted adverts.

 

The start to 2017 has seen a noticeable pick up in new business activity and consequently the Company has better revenue visibility as compared with the prior year. This provides management with early confidence in achieving its operational and financial objectives for 2017.

 

In light of the continuing revenue growth, cash generation and the visibility into 2017, the Board anticipates the continuation of our progressive dividend policy.

 

The Company will release its preliminary results for the year ended 31 December 2016 on 28 March 2017.

26 January 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
 
 
TSTEAXFSASKXEFF
Date   Source Headline
24th Apr 20087:01 amRNSBoard appointment
3rd Apr 20088:41 amRNSDirector/PDMR Shareholding
12th Mar 200810:32 amRNSHolding(s) in Company
29th Feb 200812:15 pmRNSHolding(s) in Company
22nd Feb 20081:11 pmRNSDirectorate Change
6th Feb 20083:47 pmRNSHolding(s) in Company
4th Feb 20082:07 pmRNSHolding(s) in Company
4th Feb 20082:05 pmRNSHolding(s) in Company
24th Jan 20087:01 amRNSDirector/PDMR Shareholding
23rd Jan 20087:02 amRNSInterim Results
10th Jan 200810:11 amRNSNotice of Results
7th Dec 20073:39 pmRNSHolding(s) in Company
7th Dec 20079:17 amRNSHolding(s) in Company
8th Nov 20071:14 pmRNSHolding(s) in Company
31st Oct 20072:59 pmRNSTotal Voting Rights
29th Oct 20073:07 pmRNSAdditional Listing
29th Oct 20078:56 amRNSAdditional Listing
11th Oct 200712:35 pmRNSDirector/PDMR Shareholding
2nd Oct 20074:27 pmRNSDirector/PDMR Shareholding
28th Sep 20073:51 pmRNSTotal Voting Rights
27th Sep 20077:01 amRNSBoard Changes
21st Sep 200711:31 amRNSAdditional Listing
14th Sep 20072:42 pmRNSHolding in US Operation
6th Sep 200710:36 amRNSAGM Statement
15th Aug 20074:39 pmRNSAIM Rule 26
15th Aug 20078:00 amRNSChange of Adviser
24th Jul 20077:00 amRNSFinal Results
16th Jul 20072:41 pmRNSNotice of Results
10th Jul 20074:02 pmRNSNotice of Results
4th May 20077:01 amRNSDirector Shareholding
3rd May 200711:44 amRNSMarketing Spend Q1 07
3rd May 20079:58 amRNSHolding(s) in Company
2nd May 200711:55 amRNSGrant of Share Options
30th Apr 20077:03 amRNSSecond Interim Results
18th Apr 20077:01 amRNSBoard Appointment
10th Apr 20073:44 pmRNSNotice of Results
21st Mar 20073:01 pmRNSHolding(s) in Company
21st Mar 20072:57 pmRNSHolding(s) in Company
21st Mar 20072:44 pmRNSHolding(s) in Company
8th Mar 20077:01 amRNSBoard Change
14th Feb 200712:49 pmRNSHolding(s) in Company
12th Feb 20077:02 amRNSMarketing Spend 2006
25th Jan 20077:11 amRNSTrading Update
11th Dec 20064:29 pmRNSTotal Voting Rights
20th Oct 20067:00 amRNSDirector/PDMR Shareholding
19th Oct 20067:44 amRNSPartnership with GroupM
18th Oct 20067:01 amRNSInterim Results
13th Oct 20069:09 amRNSIFRS Transitional Statement
2nd Oct 200610:20 amRNSHolding(s) in Company
29th Sep 20061:15 pmRNSNotice of Results

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