Ebiquity PLC Pre-close Trading Update (0173P)
February 15 2021 - 1:00AM
UK Regulatory
TIDMEBQ
RNS Number : 0173P
Ebiquity PLC
15 February 2021
Ebiquity Plc
Pre-close Trading Update
Ebiquity plc ("Ebiquity" or the "Group"), a leading independent
marketing and media consultancy, announces a pre-close trading
update for the financial year ended 31 December 2020, ahead of the
preliminary results announcement planned for 25 March 2021.
Ebiquity's trading for the year ended 31 December 2020 was in
line with the Board's expectations with higher revenue in the
second half of the year than in the first. This reflected both the
recovery in demand from existing clients as they returned to more
normal activity levels, and success in winning new business. As
expected, the Group returned to profitability in the second half,
although it is likely to report a small adjusted operating loss for
the full year.
Additionally, the Group's net debt of GBP7.7 million as at 31
December 2020 was in line with expectations.
Nick Waters, CEO, commented:
"We are pleased to have delivered on expectations in the second
half of 2020, reflecting new business wins as well as a recovery of
activity by existing clients, who include the world's leading
advertisers. We thank our staff for their resilience in coping with
the challenges created by the Covid-19 pandemic over the last year.
We took appropriate actions to preserve jobs, serve our clients and
manage the business prudently.
We have made an encouraging start to the new financial year and
together with our strong balance sheet, we are well placed to
reinforce our position as the leading, independent global media
consultancy."
Enquiries:
Ebiquity plc Via Instinctif
Nick Waters (Chief Executive Officer) Partners
Alan Newman (Chief Financial and
Operating Officer)
Instinctif Partners
Matthew Smallwood
Guy Scarborough 020 7457 2020
Numis Securities Limited
Nick Westlake (NOMAD)
Matt Lewis 020 7260 1000
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