Ebiquity Appoints New Nominated Adviser and Provides Trading Update
Why we think this is neutral
The RNS announcement indicates Ebiquity's 2024 results are expected to be in line with market expectations, suggesting modest profit and revenue growth. While the company reported an improvement in its cash and debt position, the RNS also notes that 2024 has been a 'testing year' for the sector, indicating some market challenges. Overall, the sentiment is neutral, with no clear signs of outperformance or significant underperformance.
Key Points
- Appointment of Cavendish Capital Markets as Nominated Adviser and Sole Corporate Broker
- 2024 results expected to be in line with market expectations
- Strong cash inflows in Q4 2024 reduced net debt below June 2024 levels
Summary
Ebiquity plc, a world leader in media investment analysis, has announced the appointment of Cavendish Capital Markets Limited as the Company's Nominated Adviser and Sole Corporate Broker. The Group further announces that its results for the year ended 31 December 2024 are anticipated to be in line with market expectations. The company reported strong cash inflows during Q4 2024, reducing Net Debt to slightly below the level reported at 30 June 2024, which was notably better than the market consensus expectations.