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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 £63.1 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 £8.9 million as at December 31 with undrawn facilities of £8.5 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 £37.2 million in the six months to June 30, from £32.0 million a year ago. Pretax loss, however, widened to £1.3 million from £1.1 million. Current stock price: 57.00 pence, up 6.5% on Tuesday around midday in London 12-month change: down 3.8% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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