S4 Capital has released an encouraging AGM statement reiterating its expectation for double-digit LFL Gross Profit growth at a reasonably strong margin in FY20, while maintaining balance sheet strength. LFL Gross Profit growth was +15% for 4m, with January +33% and February +21% before the severe impact of the lockdowns reduced growth to +6% in March and +3% in April. On a reported basis, Gross Profit was up +82% including a first-time contribution from Firewood. The group states that early i
01 Jun 2020
AGM update
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AGM update
S4 Capital plc (SFOR:LON) | 52.0 -2.4 (-8.2%) | Mkt Cap: 300.4m
- Published:
01 Jun 2020 -
Author:
Paul Richards -
Pages:
8
S4 Capital has released an encouraging AGM statement reiterating its expectation for double-digit LFL Gross Profit growth at a reasonably strong margin in FY20, while maintaining balance sheet strength. LFL Gross Profit growth was +15% for 4m, with January +33% and February +21% before the severe impact of the lockdowns reduced growth to +6% in March and +3% in April. On a reported basis, Gross Profit was up +82% including a first-time contribution from Firewood. The group states that early i