Ebiquity's H114 results show strong growth. On revenue up 7%, underlying operating profit rose 26% and underlying diluted EPS increased 18% to 3.1p. The strategic review announced last August has now been completed and management has begun implementing its conclusions. The group's businesses have been restructured into three segments, which should more closely address the needs of clients and future-proof the business in the increasingly complex media and marketing environment. Management has also concluded that the group's future "can be best served in a public environment". The group is acquiring China Media Consulting for £1.6m initial cash and £5.2m maximum cash in earn-outs.

Unlock this Article with a 14 day free trial

or Unlock with your email

Already have an account?
Login here