S4 Capital FY EBITDA expected to be 'at least' £120m
By Iain Gilbert
Date: Wednesday 18 Jan 2023
(Sharecast News) - Media company S4 Capital said on Wednesday that fourth-quarter trading was in line with expectations, with full-year operating underlying earnings now projected to be at least £120.0m.
S4 Capital stated its "significantly improved" operational EBITDA margin performance in the second half, with like-for-like gross profit/net revenue growth, was also in line with its 25% guidance.
As a result of improved liquidity, S4 Capital added that net debt was expected to be "well towards the lower end" of guidance of £130.0m-170.0m.
Chairman Martin Sorrell said: "Most market commentators are now projecting high single-digit growth for digital advertising and high teens percentage growth for digital transformation, which we believe we can continue to outpace, given our addressable markets including technology services and as we build further momentum with our clients."
As of 1100 GMT, S4 shares were up 0.22% at 218.87p.
Reporting by Iain Gilbert at Sharecast.com
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