Ebiquity (EBQ); 1H 2018 trading update: revenue growth in Media and Analytics & Tech segments

Published on 24-07-2018 07:45:49
Author Sparks Team

Revenues from EBQ’s Media and Analytics & Tech segments for the first six months ended 30 June 2018 grew 7% over the prior year on a like-for-like (LFL) basis. LFL revenues for the Intel segment were down 9% versus 2017.

Sales in the Intel segment were impacted by 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.

On the back of strong new business pipelines, the phasing of investment in the Media and Analytics & Tech segments was accelerated in the first half of the year. As a result, the company has visualised faster (double-digit) revenue growth within these segments in H2 2018. Despite this accelerated investment impacting H1 operating profit, the company expects performance in these segments for the full year to meet existing expectations.

In the Intel segment, the CMA Phase 2 process is formally due to complete no later than December 2018. Therefore, the company expects uncertainty to continue to impact revenues and profits in the second half of the year.

The board currently anticipates profits for the year to be less than full-year market expectations.

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