Business
Interim Trading Update
Interim Trading Update.
About this update from Ebiquity Plc
[{"type":"text","content":"\n \nRNS Number : 5118V Ebiquity PLC 24 July 2018 \n\nEbiquity Plc \n(\"the Company\")\n \n \nInterim Trading Update \n \n \nEbiquity plc, a leading independent marketing and media consultancy, today announces its interim update for the 6 months ended 30 June 2018 (\"the period\").\n \nWhilst first half revenues from the Media (formerly Media Value Measurement) segment and Analytics & Tech (formerly Marketing Performance Optimization) segment grew 7% over the prior year on a like-for-like (\"LFL\") basis, uncertainty arising from the UK Competition and Markets Authority (\"CMA\") investigation into the planned disposal of the Intel segment to Nielsen, announced in February 2018, has impacted Intel sales with H1 2018 LFL revenues down 9% versus 2017.\n \nWe have accelerated the phasing of investment in the growing Media and Analytics & Tech segments (representing c78% of the business) in the first half on the back of strong new business pipelines. As a result, we already have visibility into faster (double digit) revenue growth within these segments in H2 2018. Although this accelerated investment will impact H1 operating profit, performance in these segments for the full year is anticipated to meet existing expectations. \n \nIn the Intel segment (representing c22% of the business), the CMA Phase 2 process is formally due to complete no later than December 2018, we therefore anticipate that uncertainty will continue to impact revenues and profits in the second half of the year. \n \nOverall, the impact of the performance of the Intel segment will not be entirely offset by the strong performance from Media and Analytics & Tech and consequently the Board currently anticipates profits for the year to be less than full-year market expectations.\n \nThe Company will release its interim report for the 6 months ended 30 June 2018 on 25 September 2018.\n\n24 July 2018\nEnquiries: \n \n\n\n\nEbiquity plc\nMichael Karg (CEO)\nAndrew Noble (CFO)\n \n\n\n020 7650 9600\n \n\n\n\n\nInstinctif Partners\nMatthew Smallwo...