Ebiquity says ongoing cost pressures to weigh on profits

Writer, Stock Market Wire
Tuesday, February 12, 2019 - 08:58

Marketing and media consultancy Ebiquity said it expected to generate similar profits in its consultancy business for the current year compared to a year earlier amid ongoing cost pressures.

The company also confirmed that the media, analytics and tech, and the advertising intelligence business, both of which were sold to Nielsen on 2 January, had performed in line with expectations.

The company conceded, however, that its contractual obligation to continue providing support services to Nielsen would continue to generate costs in the short-term.

As a result, the company 'expects profitability for the continuing consultancy businesses in the current year to remain at a similar level to the year just ended.'

Following the disposal of the advertising Intelligence business, Ebiquity said it continue to push ahead with plans to become the an independent marketing and media consultancy.

The continuing consultancy businesses had achieved revenue growth of 8% in 2018 with a similar growth rate expected in the current year, the company said.

At 8:58am: (LON:EBQ) Ebiquity PLC share price was -5p at 56p

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