We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
M&C Saatchi | AQSE:SAA.GB | Aquis Stock Exchange | Ordinary Share | GB00B01F7T14 | Ordinary Shares 1p |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 210.00 | 200.00 | 220.00 | 210.00 | 210.00 | 210.00 | 0.00 | 06:57:47 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSAA
RNS Number : 2301P
M&C Saatchi PLC
08 February 2023
8 February 2023
M&C SAATCHI PLC
(the "Company" or "M&C Saatchi")
Capital Markets Day
M&C Saatchi is today hosting a capital markets event for institutional investors and analysts. The event will be hosted by Chief Executive Officer, Moray MacLennan and Interim Chief Financial Officer, Bruce Marson, and will include presentations from leaders within the group.
Following two years of record results, the Company will announce its new strategy, accelerating high-margin, digitally led growth. Having turned the Company around and building on strong foundations, the focus is now on the delivery of creative solutions to M&C Saatchi's clients. It will use its specialist expertise connected through data and tech to deliver meaningful commercial and societal change.
Strategy Highlights
The Company will be setting out its new strategy in the presentation, to cover the following:
-- Building new capabilities, with a focus on data, technology and digital transformation. -- Identifying new opportunities, shifting from start-ups to targeted M&A and partnerships. -- Embedding a new, more efficient operating model, delivering significant cost savings and enhancing productivity.
Financial Highlights
-- Net revenue growth of 8% CAGR (from GBP271m to GBP400m). -- Operating profit growth of 16% CAGR (from GBP35m to GBP74m). -- Operating profit margin of 18% by 2027, top end of the industry range. -- Improved margins in all specialisms, with higher-margin specialisms expected to represent 60% of group net revenue by 2027. -- Headline earnings [1] growth of 22% CAGR (from GBP18m to GBP50m).
The Company will also set out new financial targets, 2022 - 2027:
-- Net cash improvement of 45% CAGR (from GBP30m to GBP195m).
The event will start at 10:30am. To register for the live webcast please email: mcs@brunswickgroup.com . The presentation will be made available on the Company's website at https://mcsaatchi.com/ after the event.
Current Trading and Outlook
As noted in the trading update on 24 January 2023, FY 2022 net revenue is expected to be GBP271.4m, representing growth of 9% versus 2021 (FY 2021: GBP249.3m). FY 2022 headline profit before tax is expected to be GBP31.8m, slightly ahead of previous expectations set out in April 2022 and representing growth of 16% versus 2021 (FY 2021: GBP27.3m). While conscious of the macro environment, the Company's trading through Q4 2022 and the start of 2023 continues to be in line with management expectations.
Moray MacLennan, Chief Executive Officer, commented :
"Today is about launching the next stage in our transformation journey. Over the past two years we have delivered on the strategy we set out, demonstrated by successive sets of record results. M&C Saatchi: Moving Forward lays out our plans to accelerate high-margin, digital led growth, through targeted investments and a more efficient, streamlined operating model. It is about demonstrating our resilience to macroeconomic uncertainties through our operational and financial strength and counter-cyclical and resilient specialisms, underpinned by a committed and experienced management team ."
For further information please call: M&C Saatchi plc +44 (0)20-7543-4500 Gareth Davis, Chairman Moray MacLennan, Chief Executive Officer Numis Securities +44 (0)20-7260-1000 Nick Westlake, Iqra Amin Liberum +44 (0)20-3100-2000 Tim Medak, Mark Harrison, Max Jones, Benjamin Cryer, Will King Brunswick +44 (0)207-404-5959 Andrew Porter, Kate Pope
[1] Earnings is calculated after deducting tax and the share of profits attributable to non-controlling interests
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
MSCDGGDDXUGDGXR
(END) Dow Jones Newswires
February 08, 2023 02:00 ET (07:00 GMT)
1 Year M&C Saatchi Chart |
1 Month M&C Saatchi Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions