Last checked at 14 Dec 2010 07:00
Ebiquity Plc
("Ebiquity" or the "Company")
Trading update
Following the acquisition of Xtreme Information Services Limited, the Company is pleased to announce strong progress for the half year to October 2010 with the achievement of the expected synergies occurring earlier than expected.
Thus whilst revenues are in line with market expectations, pre-highlighted operating profit for the period is likely to be ahead of expectations.
As a result of the early release of synergies, highlighted items for the half year will be greater than market expectations. It is expected that the integration process will be completed by the end of the current financial year, which is ahead of schedule. Overall, the total cost of integration is likely to be lower than originally expected.
At this stage, the Company is comfortable with market expectations for the full year revenue and pre-highlighted operating profit.
The Company's interim results announcement will be made on 19 January 2011.
14 December 2010
Enquiries
| Ebiquity | 020 7650 9600 |
Michael Greenlees, CEO |
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Andrew Beach, CFO |
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| College Hill | 020 7457 2020 |
Matthew Smallwood |
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Jamie Ramsay |
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Numis Securities | 020 7260 1000 |
Nick Westlake (NOMAD) |
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David Poutney (Corporate Broker) |
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