S4 Capital's Q4 2022 results aligned with expectations

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 the Company expects to deliver at least £120 million in Operational EBITDA for the full year 2022.

In the second half, the Company considerably improved operational EBITDA margin performance, with like-for-like gross profit/net revenue increase being in line with the 25% target. Net debt is likely to be near the lower end of the recommended range of £130-170 million as a result of better liquidity.

The annual results for 2022 are likely to be released no later than Thursday, March 30th. In the annual results, the Company will present a comprehensive view for 2023.

Sir Martin Sorrell, Executive Chairman of S4Capital, stated: "In March, we want to update our shareholders on the status of our results. Most market commentators are now projecting high single-digit percentage growth for digital advertising and high teens percentage growth for digital transformation, which we believe we can continue to outpace given our addressable markets, which include technology services, and as we build additional momentum with our clients. Their aims for 2023 appear to be focused on increasing revenue through "lower funnel" performance and activation, as well as reducing costs through digital marketing transformation."