Today, Ebiquity reported its interim results, which were slightly ahead of our expectations. While revenue rose 2% to £8.6m, underlying profitability declined 12.4% reflecting economic conditions and the recent restructure of the group. We expect that the second half will be seasonally stronger, and we are therefore maintaining our FY09 EPS estimate. The strategy for growth is focused on overseas markets, where the group’s expertise can be deployed most effectively.

Unlock this Article with a 14 day free trial

or Unlock with your email

Already have an account?
Login here