News

Interim Results for the six months to 31 December 2006

30 March 2007

Ekay plc (“Ekay” or the “Company”) announces its interim results for the six months ended 31 December 2006. Ekay is an advertising and marketing agency based in the UK and the Channel Islands which specialises in advising clients on the use of television, national and local press, magazines, the internet, direct mail and posters for business development purposes. Ekay has particular expertise in direct marketing.

KEY POINTS

• Revenue up 8.5% to £17.8 million (H1 2005: £16.4m)
• Gross profit up 1.5% to £1.052m (H1 2004: £1.037m)
• Profit before tax of £332k (H1 2005: £474k) before exceptional items of £233,000
• Increasing investment in infrastructure and staff to support new client wins in H2
  

• Acquisition
• Wallace Barnaby & Associates Ltd acquisition completed in November 2006 for consideration of £1.75m
• Impact of Wallace Barnaby acquisition has little impact on trading results for the period following acquisition on 24 November 2006

• Significant growth in client base with competitive position strengthened
• Diversity and quality of mandates

Eddie Powell, Chief Executive, commented:

“Ekay prides itself on being a provider of high value, no-nonsense services which, coupled with an aggressive approach to new business, has proven to be a winning formula and competitive differentiator.

“We anticipate the complete integration of Wallace Barnaby during the remainder of this year, leveraging the skills and knowledge base across the combined group.”

“We have a keen eye on growth organically and through additional acquisitions and have identified a number of suitable targets which would yield synergies and build earnings. We hope to announce further news in the coming months as matters conclude.”

The full results are available to download in PDF format.

Enquiries:

back to news