Ebiquity (GB:EBQ) has released an update.
Ebiquity, a leader in media investment analysis, has reported a 7% revenue decline to £37.9 million in H1 2024 and a 61% drop in adjusted EBIT to £2.3 million but expects a significant H2 recovery. Despite the first half’s underperformance, the company has developed a strong pipeline, covering over 80% of forecast revenues for FY 2024, and foresees a material uplift in profits and margins later in the year. The Board remains cautious about the execution risks involved in meeting the year’s targets, with a crucial period approaching in September and October.
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