Trading Update

RNS Number : 8757X

Ebiquity PLC

14 December 2010

 



Ebiquity Plc

("Ebiquity" or the "Company")

Trading update

Following the acquisition of Xtreme Information Services Limited, the Company is pleased to announce strong progress for the half year to October 2010 with the achievement of the expected synergies occurring earlier than expected.

Thus whilst revenues are in line with market expectations, pre-highlighted operating profit for the period is likely to be ahead of expectations.

As a result of the early release of synergies, highlighted items for the half year will be greater than market expectations.  It is expected that the integration process will be completed by the end of the current financial year, which is ahead of schedule.  Overall, the total cost of integration is likely to be lower than originally expected.

At this stage, the Company is comfortable with market expectations for the full year revenue and pre-highlighted operating profit.

The Company's interim results announcement will be made on 19 January 2011.

14 December 2010

Enquiries         

Ebiquity	020 7650 9600
Michael Greenlees, CEO
Andrew Beach, CFO
College Hill	020 7457 2020
Matthew Smallwood
Jamie Ramsay
Numis Securities	020 7260 1000
Nick Westlake (NOMAD)
David Poutney (Corporate Broker)

 

END

 

 

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