Ebiquity’s trading update shows revenues are in line with our forecasts, but with a much better operating profit performance at £4.7m versus £4.1m. This reflects strong progress made in its newer (higher margin) digital media solutions and prudent cost management, accelerating the timing of modelled margin recovery. It has also translated into faster improvement in the balance sheet, with year-end net debt of £4.8m, against our forecast £8.7m. The group has made a small acquisition in Canada, ex ....
01 Feb 2022
Ebiquity - Margin boost from digital media solutions
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Ebiquity - Margin boost from digital media solutions
Ebiquity Plc (EBQ:LON) | 39.0 0 0.0% | Mkt Cap: 54.8m
- Published:
01 Feb 2022 -
Author:
Fiona Orford-Williams -
Pages:
3
Ebiquity’s trading update shows revenues are in line with our forecasts, but with a much better operating profit performance at £4.7m versus £4.1m. This reflects strong progress made in its newer (higher margin) digital media solutions and prudent cost management, accelerating the timing of modelled margin recovery. It has also translated into faster improvement in the balance sheet, with year-end net debt of £4.8m, against our forecast £8.7m. The group has made a small acquisition in Canada, ex ....