Kantar, the world’s leading data-driven insights and consulting company provides a trading update for the quarter ended 30 June 2021.
Continued strong start to the year and good strategic progress.
The company’s management stated, “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 is approximately in line with 2019 on an absolute basis.
Looking forward, Kantar’s secured revenues as of 31 May 2021 are at approximately 73%, representing an approximate 3% increase on its historic averages.”
