Along with the release of its (in line) interim results, management has presented its new strategy. This will involve the roll-out of the fast-growing MPO services in more markets, and investment in technology enablement across all divisions as well as in organisational processes. Initial investment means a reduction to FY17 EPS forecasts. However, Ebiquity is building on strong foundations and we believe it is in a good positon to execute its plan, which should result in a higher-quality business with a more robust longer-term growth profile.