Ebiquity has now received full CMA clearance for the disposal of Ad Intel, which will be transformative for the balance sheet (a net inflow of £20m). As might be expected, the process has been disruptive and absorbed management time. The trading update indicates higher investment levels within the rest of the group, which will supress operating profits in FY18e. Some good new business wins lay the ground for better performance in FY19e, but we have withdrawn our forecasts for now until
28 Nov 2018
Ebiquity - CMA clearance; trading news
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Ebiquity - CMA clearance; trading news
Ebiquity Plc (EBQ:LON) | 39.0 0 0.0% | Mkt Cap: 54.8m
- Published:
28 Nov 2018 -
Author:
Fiona Orford-Williams -
Pages:
3
Ebiquity has now received full CMA clearance for the disposal of Ad Intel, which will be transformative for the balance sheet (a net inflow of £20m). As might be expected, the process has been disruptive and absorbed management time. The trading update indicates higher investment levels within the rest of the group, which will supress operating profits in FY18e. Some good new business wins lay the ground for better performance in FY19e, but we have withdrawn our forecasts for now until