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Trading Update

14 Dec 2010 07:00

RNS Number : 8757X
Ebiquity PLC
14 December 2010
 



 

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

 

Andrew Beach, CFO

 

 

 

College Hill

020 7457 2020

Matthew Smallwood

 

Jamie Ramsay

 

 

 

Numis Securities

020 7260 1000

Nick Westlake (NOMAD)

 

David Poutney (Corporate Broker)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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