M&C Saatchi (SAA)

Sector:

Media

Index:

FTSE AIM All-Share

174.00p
   
  • Change Today:
    -7.00p
  • 52 Week High: 194.50
  • 52 Week Low: 121.50
  • Currency: UK Pounds
  • Shares Issued: 122.26m
  • Volume: 42,784
  • Market Cap: £212.73m
  • RiskGrade: 353

M&C Saatchi delivers record FY performance

By Iain Gilbert

Date: Tuesday 24 Jan 2023

LONDON (ShareCast) - (Sharecast News) - Advertising firm M&C Saatchi said on Tuesday that it had delivered a "record performance" in 2022, in line with expectations.
M&C Saatchi stated full-year net revenues were expected to be 9% higher at £271.0m, reflecting a "strong performance" in its higher growth specialisms and in the UK and Americas.

Full-year pre-tax profits were projected to be at least £31.0m, underpinned by "strong new business wins and central cost savings" and the largest headline profit ever generated by the company.

M&C added that net cash on 31 December was £30.0m, down from £34.4m twelve months earlier, while the drawdown on its revolving credit facility was reduced from £20.0m to £7.0m, providing it with further flexibility for the resumption of dividend payments in 2023 and satisfying future capital and investment requirements.

Chief executive Moray MacLennan said: "2022 was another record year for M&C Saatchi. We remained focussed on delivery for our clients, resulting in excellent retention and new business wins. Investment in new capabilities and our unique specialist expertise position us well for 2023, and beyond."

On another note, chairman Gareth Davis announced that he does not intend to seek re-election at the group's annual general meeting but will continue to act in the capacity until his replacement has been appointed.

As of 0940 GMT, M&C shares were up 0.60% at 168.0p.



Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

M&C Saatchi Market Data

Currency UK Pounds
Share Price 174.00p
Change Today -7.00p
% Change -3.87 %
52 Week High 194.50
52 Week Low 121.50
Volume 42,784
Shares Issued 122.26m
Market Cap £212.73m
RiskGrade 353

M&C Saatchi Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.43% below the market average94.43% below the market average94.43% below the market average94.43% below the market average94.43% below the market average
90.91% below the sector average90.91% below the sector average90.91% below the sector average90.91% below the sector average90.91% below the sector average
Price Trend
40.91% above the market average40.91% above the market average40.91% above the market average40.91% above the market average40.91% above the market average
36.17% above the sector average36.17% above the sector average36.17% above the sector average36.17% above the sector average36.17% above the sector average
Income
87.12% below the market average87.12% below the market average87.12% below the market average87.12% below the market average87.12% below the market average
78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average
Growth
55.46% below the market average55.46% below the market average55.46% below the market average55.46% below the market average55.46% below the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

M&C Saatchi Dividends

  Latest Previous
  Final Interim
Ex-Div 08-Jun-23 24-Oct-19
Paid 12-Jul-23 08-Nov-19
Amount 1.50p 2.45p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 1,807 @ 174.00p
16:35 1 @ 174.00p
16:35 1,182 @ 174.00p
16:35 190 @ 174.00p
16:35 51 @ 174.00p

M&C Saatchi Key Personnel

CFO Bruce Marson

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