Ebiquity PLC – London-based media and marketing consultancy – Says trading in 2022 is in line with market expectations. Ebiquity’s revenue is up 20% and 9% organically. In 2021, revenue was GBP63.1 million. Expects underlying operating margin to be 12%, up from 8% a year earlier. This reflects improved operating efficiencies and “continuing strong growth of higher margin digital media solutions business”. Net debt amounts to GBP8.9 million as at December 31 with undrawn facilities of GBP8.5 million.
Chief Executive Officer Nick Waters says: “The group has performed well in the year as we continue to build momentum in the business and deliver progress against our strategic plan.”
Back in September, Ebiquity had reported 16% rise in revenue to GBP37.2 million in the six months to June 30, from GBP32.0 million a year ago. Pretax loss, however, widened to GBP1.3 million from GBP1.1…
