Ascential looks to double run rate revenues in digital commerce unit by 2024

Analytics firm Ascential said on Wednesday that it would attempt to more than double current run rate revenues in its digital commerce unit by 2024, while also maintaining an adjusted EBITDA margin in excess of 20%.

Ascential made the announcement ahead of its capital markets event in London, which will be hosted by chief executive Duncan Painter and leaders from the firm's digital commerce business.

The FTSE 250-listed firm stated the event would cover "significant developments" made in its digital commerce division, how Ascential solves customers' global challenges and the size of the company's market opportunity as part of an attempt to demonstrate how it is positioned to grow and win in the digital commerce market.

As of 0915 BST, Ascential shares were down 1.72% at 411.40p.