Report

Update: Good H215 revenue growth; estimates retained

Ebiquity’s FY15 pre-close trading statement indicates that revenue growth accelerated in H215 from H115. The group’s two key growth divisions, which together account for c 65% of total revenue, both delivered double-digit sales growth, while its third division continued to see revenue affected but at a slower rate. The FX headwinds that affected H115 PBT are at a similar level in H215. However we retain our FY15 estimates and, with a continuing ‘very strong’ pipeline and high revenue visibility, we leave FY16e unchanged. FY15 results are due on 29 July, when the board will outline its recommendation for Ebiquity's maiden dividend.
Underlying
Ebiquity

Ebiquity is a holding company, engaged in providing independent marketing analytics services to advertisers, spanning over 90 countries. Co. operates through three segments: Media Value Measurement, Market Intelligence and Marketing Performance Optimization. Co.'s Media Value Measurement segment includes Co.'s media benchmarking, financial compliance and associated services. Co.'s Market Intelligence segment includes Co.'s advertising monitoring, reputation management and research/insight services. Co.'s Marketing Performance Optimization segment consists of Co.'s marketing effectiveness and multi-channel analytics services.

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Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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