Ebiquity (GB:EBQ) has released an update.
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Ebiquity PLC, a media investment analysis leader, reports a 7% revenue decline to £37.9 million in H1 2024 and a 61% drop in Adjusted EBIT to £2.3 million, attributed to client budget cuts and a largely fixed cost structure. However, a strong H2 is anticipated with over 80% of forecast revenues contractually covered, and significant profit expected despite an increase in net debt. CEO Nick Waters remains optimistic about the growth potential in North America and the business’s extensive pipeline of opportunities set to materialize in the second half.
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