UK's Ebiquity H1 revenue falls on legacy client losses
UK's Ebiquity H1 revenue falls on legacy client losses
Overview
UK marketing effectiveness consultancy's H1 2026 revenue declined 5% yr/yr due to legacy client losses
Adjusted operating profit for H1 2026 fell 10% yr/yr, partly offset by cost reductions
Adjusted EPS for H1 2026 turned positive, rising to 0.45p from a loss in H1 2025
Outlook
Ebiquity expects FY26 revenue to be stable against FY25 as new business offsets legacy losses
Company says it is on track to meet or exceed market expectations for full-year profit
Ebiquity reports improving win rates and new business conversion rates in H2 2026
Result Drivers
LEGACY CLIENT LOSSES - Co said revenue decline was mainly due to losses of clients in 2025 and deferred project work amid geopolitical uncertainty
COST REDUCTIONS - Co said cost discipline, including staff cuts and lower travel, audit, and forex expenses, partly offset revenue shortfall
NEW CLIENT WINS - Co said new business wins in CPG and Travel & Hospitality sectors are beginning to replace prior losses in UK&I, though not yet at sufficient scale
Company press release: ID:nRSc6513Wa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 36.1 mln |
|
H1 Adjusted EPS |
| 0.45p |
|
H1 Adjusted EBIT |
| GBP 2.3 mln |
|
H1 Adjusted EBIT Margin |
| 6.50% |
|
H1 Adjusted Pretax Profit |
| GBP 1.8 mln |
|
H1 Pretax Profit |
| GBP 400,000 |
|
Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the advertising & marketing peer group is "buy."
Wall Street's median 12-month price target for Ebiquity PLC is GBp52.00, about 433.3% above its September 28 closing price of GBp9.75
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 19 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)