Sales at Next Audience (NA) are not progressing as hoped and SinnerSchrader (SZZ) is restructuring the division with a view to carving it out for a sale or joint venture. The rest of the business is trading in line with guidance and the extension of its content marketing contract, together with the acquisition of Swipe Mobile, compensates for revenue shortfall and helps the group's EBIT margin profile. Without the dilutive impact of NA, the c 50% discount to peers becomes more visible –
09 Jul 2015
Restructuring Next Audience
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Restructuring Next Audience
- Published:
09 Jul 2015 - Author:
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Sales at Next Audience (NA) are not progressing as hoped and SinnerSchrader (SZZ) is restructuring the division with a view to carving it out for a sale or joint venture. The rest of the business is trading in line with guidance and the extension of its content marketing contract, together with the acquisition of Swipe Mobile, compensates for revenue shortfall and helps the group's EBIT margin profile. Without the dilutive impact of NA, the c 50% discount to peers becomes more visible –