RXP’s EBITDA falls 29% as consultancy work declines ‘faster than anticipated’
Digital services consultancy RXP Services has seen its earnings before interest, tax, depreciation and amortisation (EBITDA) fall 29% for the 2018 financial year.
The consultancy, which bought The Works in August last year, said while the creative agency was able to help grow its digital work, this was offset by a decline in traditional consulting revenue.
The Works Co-founders Douglas Nicol, Kevin Macmillan, Damian Pincus
The results are pretty sobering for rxp – hopefully this isn’t a leading indicator of a photon group style trajectory.