Ebiquity trading in line with expectations

Marketing and advertising data provider Ebiquity said it was in line to meet market expectations for the full year on the back of solid growth in the first six months of 2015.

In the six months to 31 October, the London-listed company said it performed ahead of the corresponding period in 2014 and in line with forecasts on a constant currency basis.

The group added that its financial year ends at the end of the April but is in the process of being changed to fit the calendar year, meaning it will deliver a trading update for the eight months between 1 May and 31 December in March next year, and will also welcome its new CEO in January.

The results will also comprise the group’s performance for the year to 31 December against the comparative period 12 months ago.

Analysts at Peel Hunt were impressed and noed that Ebiquity "should be benefitting from the disarray in the ad-tech marketing place".

Shares in the company were up 0.72% to 140.00p at 1546 GMT on Thursday.