Q4 2022 in line with expectations: S4 Capital
The company said that is confident of delivering at least £120 million of Operational EBITDA for the full year 2022
S4Capital plc (SFOR.L), the tech-led, new age digital advertising, marketing and technology services company, today confirms that trading in the fourth quarter of 2022 was in line with expectations and therefore the Company anticipates delivering at least £120 million of Operational EBITDA for the full year 2022.
The Company significantly improved Operational EBITDA margin performance in the second half with like-for-like gross profit/net revenue growth also in line with the 25% guidance. As a result of improved liquidity, net debt is expected to be well towards the lower end of the guided range of £130-170 million.
The annual results for 2022 are expected to be announced by Thursday 30th March at the latest. The Company will provide a full outlook for 2023 in the annual results.
Sir Martin Sorrell, S4Capital Executive Chairman said: "We look forward to updating our shareowners on the progress of our results in March. 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. Their priorities for 2023 seem to be focussed on driving revenue growth through "lower funnel" performance and activation and reducing cost through digital marketing transformation."
