Kantar, the world’s leading data-driven insights and consulting company provides trading update for the quarter ended 30 June 2021.
Continued strong start to the year and good strategic progress.
We have had a strong start to our second quarter with April revenue up 18% and May revenue up 21%, after adjusting for the disposal of our Health division.
Our revenue as of 31 May 2021 is evidence of the recovery of our business from the COVID-19 pandemic. This is further demonstrated by the following trend in revenue progression:
As of 31 May 2021, we have observed what we believe is a significant improvement in profitability driven by certain structural cost savings positively impacting our results of operations. This is evidenced in part by our performance for the two months ended May 2021, for which we recorded an incremental $60 million of Constant Currency Adjusted EBITDA, representing in each month an approximately $30 million Constant Currency Adjusted EBITDA increase as compared to each of the months ended April and May 2020, and Constant Currency Adjusted Gross Margins through 31 May 2021 that are approximately in line with 2019 on an absolute basis.
Looking forward, our secured revenues as at 31 May 2021 are at approximately 73%, representing an approximate 3% increase on our historic averages.
**** ****
This announcement contains certain forward-looking statements with respect to certain of our current expectations and projections about future events. These statements reflect management’s beliefs and expectations and involve a number of risks, uncertainties and assumptions that could cause actual outcomes to differ materially from any expected future outcomes expressed or implied by the forward-looking statement. The information contained in this announcement is subject to change without notice and, except as required by applicable law, we do not assume any responsibility or obligation to update publicly or review any of the forward-looking statements contained in it. Readers should not place undue reliance on forward-looking statements, which speak only as at the date of this announcement.