Ebiquity PLC Trading Statement (0828P)
07 Fevereiro 2023 - 4:00AM
UK Regulatory
TIDMEBQ
RNS Number : 0828P
Ebiquity PLC
07 February 2023
Ebiquity Plc
7 February 2023
Trading Update
Ebiquity plc ("Ebiquity" or the "Group"), a world leader in
media investment analysis, announces a trading update for the
financial year ended 31 December 2022 ahead of its full year
results announcement planned for late March 2022.
Ebiquity's trading in the year was in line with market
expectations.
The Group performed well with revenue growing by 20% and by 9%
organically. Profitability has improved significantly from the
prior year with the underlying operating margin expected to be 12%,
four percentage points higher than in 2021. This reflects the
contribution of recent acquisitions and improved operating
efficiencies, as well as the continuing strong growth of our higher
margin digital media solutions business.
Thanks to a better than expected second half performance, the
earn-out payment for the acquisition of Digital Decisions BV, due
in May, is likely to be somewhat higher than estimated in the 2022
interim accounts.
Net debt as at 31 December 2022 was GBP8.9 million (including
cash balances of GBP12.4 million) with undrawn facilities of GBP8.5
million.
Nick Waters, CEO, commented:
"The Group has performed well in the year as we continue to
build momentum in the business and deliver progress against our
strategic plan. Pleasingly, we have not only seen strong revenue
growth but also a significant improvement in profit from the
previous year and an underlying profit margin which is expected to
be 12%. These results reflect the benefit of our two transformative
acquisitions in the USA and Europe, our unrelenting focus on
improving operating efficiencies and our ability to identify,
develop and grow higher margin digital solutions.
We believe that with an increasingly compelling offer covering
digital media, combined with better balance across all our
geographies and services, Ebiquity remains well placed for long
term sustained growth."
Note 1: Underlying operating profit is defined as the operating
profit excluding share-based payments, amortisation of purchased
intangibles and non-recurring items.
Market abuse regulation
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 as it forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018
("MAR").
Ebiquity plc Via Camarco
Nick Waters (Chief Executive Officer)
Alan Newman (Chief Financial and Operating
Officer)
Camarco
Ben Woodford 07990 653 341
Geoffrey Pelham-Lane 07733 124 226
Phoebe Pugh
Panmure Gordon (Financial Adviser, NOMAD &
Broker)
Dominic Morley/ Dougie McLeod (Corporate Advisory)
Mark Murphy (Corporate Broking) 020 7886 2500
About Ebiquity plc
Ebiquity plc (LSE AIM: EBQ) is a world leader in media
investment analysis. It harnesses the power of data to provide
independent, fact-based advice, enabling brand owners to perfect
media investment decisions and improve business outcomes. Ebiquity
is able to provide independent, unbiased advice and solutions to
brands because we have no commercial interest in any part of the
media supply chain.
We are a data-driven solutions company helping brand owners
drive efficiency and effectiveness from their media spend,
eliminating wastage and creating value. We provide analysis and
solutions through five Service Lines: Media management, Media
performance, Marketing effectiveness, Technology advisory, Contract
compliance.
Ebiquity's clients are served by more than 600 media specialists
operating from 19 offices covering 80% of the global advertising
market.
The Company has the most comprehensive, independent view of
today's global media market, analysing $55bn of media spend from 75
markets annually, including trillions of digital media impressions.
Our Contract Compliance division, FirmDecisions, audits $40bn of
contract value annually.
As a result, more than 70 of the world's top 100 advertisers
today choose Ebiquity as their trusted independent media
advisor.
For further information, please visit: www.ebiquity.com
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END
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(END) Dow Jones Newswires
February 07, 2023 02:00 ET (07:00 GMT)
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