Business
Final Results for the year ended 31 December 2021
Final Results for the year ended 31 December 2021.
About this update from Ebiquity Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4879G\n Ebiquity PLC\n 30 March 2022\n \n \n \n \n 30 March 2022\n \n \n Ebiquity plc\n \n \n Final Audited Results for the year ended 31 December 2021\n \n \n \n \n \n Delivering on the strategy: improved results with strong momentum\n \n \n \n \n \n Ebiquity plc (\"Ebiquity\" or the \"Group\"), a leading global player in media investment analysis serving the US$780 billion global advertising market of which 64% is digital1, announces its final audited results for the year ended 31 December 2021.\n \n \n \n \n Highlights2\n \n \n \n \n Year ended 31 December\n \n \n 2021\n \n \n 2020\n \n \n Change\n \n \n \n \n £m\n \n \n £m\n \n \n £m\n \n \n \n \n Revenue\n \n \n 63.1\n \n \n 55.9\n \n \n 7.2/13%\n \n \n \n \n Underlying Operating Profit2\n \n \n 4.7\n \n \n (0.3)\n \n \n 5.0\n \n \n \n \n Underlying Profit/(Loss) before Tax2\n \n \n 4.1\n \n \n (1.3)\n \n \n 5.4\n \n \n \n \n Underlying Earnings/(Loss) per Share2\n \n \n 2.7p\n \n \n (1.9)p\n \n \n 4.6p\n \n \n \n \n Statutory Operating Loss\n \n \n (5.1)\n \n \n (2.9)\n \n \n (2.2)\n \n \n \n \n Statutory Loss before Tax\n \n \n (5.7)\n \n \n (3.9)\n \n \n (1.8)\n \n \n \n \n Statutory Profit/(Loss) per Share\n \n \n (8.5)p\n \n \n (4.8)p\n \n \n (3.7)p\n \n \n \n \n \n \n \n \n · \n Revenue up £7.2 million (13%) to £63.1 million (2020: £55.9 million) reflecting strong business momentum across all regions and business segments\n \n · \n Significant increase in revenue from higher margin Digital Media Solutions to £3.7 million (2020: £1.0 million) \n \n \n · \n Underlying operating profit up £5.0 million to £4.7 million (2020: loss of £0.3 million), \n \n \n · \n Underlying operating profit margin of 7.5% \n \n \n · \n Underlying operating costs of £50.8 million (2020: £49.8 million), a 2% increase reflecting disciplined cost management\n \n \n · \n Underlying earnings per share of 2.7p\n (2020: loss per share of 1.9p)\n \n \n · \n Statutory Loss before tax is after accruing £7.9 million towards the deferred consideration for Digital Decisions BV, payable in 2023 (based on its expected performance in 2021 and 2022) \n \n \n · \n Underlying operating cash inflow of £13.2 million (2020: £7.3 million)\n \n \n · \n Strong financial position at 31 December 2021 with net bank debt of £4.8 million (2020: £7.8 million) comprisi...