NEWS18 March 2020

S4 Capital posts 2019 revenue, reports no Covid-19 impact yet

Covid-19 Financials News UK

UK – Digital agency S4 Capital’s revenue reached £215.1m in 2019, an increase of 41% like-for-like.

Gross profit was £171.3m, up 44% like-for-like, while pre-tax losses for the year were £9.2m.

The group employs around 2,500 people in 30 countries, and last year acquired several agencies including ProgMedia and Caramel Pictures.

Martin Sorrell, executive chairman of S4 Capital, said: "Our first full financial year was outstandingly successful. We grew our top line and bottom line at industry leading rates. We broadened and deepened our content and data and programmatic practices through organic growth and the addition of six content and three digital media and data companies."

Sorrell added: "We now have to demonstrate that we can achieve significant client conversion at scale, both with existing and new clients. We have not seen a material impact from Coronavirus as yet and will update the market appropriately.”

@RESEARCH LIVE

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