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Pin to quick picksEbiquity Regulatory News (EBQ)

Share Price Information for Ebiquity (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
18th Jul 200610:35 amRNSHolding(s) in Company
25th May 20069:15 amRNSAdditional Listing
22nd May 20069:12 amRNSAdvertising Barometer
25th Apr 20067:03 amRNSPreliminary Results
13th Apr 20068:54 amRNSNotice of Results
6th Apr 20064:58 pmRNSNotice of Results
23rd Mar 20067:01 amRNSDirectorate Change
9th Feb 20067:01 amRNSTrading Statement
6th Feb 20069:07 amRNSAdvertising Barometer
8th Dec 200512:43 pmRNSHolding(s) in Company
17th Nov 20057:01 amRNSContract
14th Nov 20057:00 amRNSChange of Adviser
18th Oct 20057:01 amRNSInterim Results
16th Sep 20057:54 amRNSBoard: Chairman
14th Sep 20052:44 pmRNSNotice of Results
31st Aug 20054:10 pmRNSHolding(s) in Company
31st Aug 20054:06 pmRNSHolding(s) in Company
23rd Aug 20053:16 pmRNSCompletion of Acquisition
4th Aug 20054:24 pmRNSDirectors Shareholding
3rd Aug 20057:02 amRNSAcquisition & Placing
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14th Jun 20057:00 amRNSAccess to Regional Portfolios
21st Apr 20051:04 pmRNSHolding(s) in Company
12th Apr 20057:15 amRNSShare Options
12th Apr 20057:01 amRNSFinal Results
21st Mar 200512:25 pmRNSHolding(s) in Company
15th Mar 200510:54 amRNSNotice of Results-Replacement
15th Mar 20059:28 amRNSNotice of Results
11th Mar 200512:07 pmRNSNotifiable Interest
1st Mar 20053:35 pmRNSHolding(s) in Company
16th Feb 20055:26 pmRNSHolding(s) in Company
28th Jan 20055:03 pmRNSHolding(s) in Company
26th Jan 200511:26 amRNSDirector Shareholding
24th Jan 20057:46 amRNSTrading Update
20th Jan 20056:14 pmRNSHolding(s) in Company
20th Jan 20056:14 pmRNSHolding(s) in Company
19th Jan 200511:37 amRNSHolding(s) in Company

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