S4 Capital has reported FY20 results that are ahead of our forecasts, with Normalised PBT of £52.9m vs DCe £50.0m. The group finished the year strongly to deliver FY20 LFL growth of +19% with Q4 up +27%. A strong cashflow performance led to the group ending the year with net cash of £52m. The new year has started strongly with January well ahead of budget and the group is budgeting FY LFL gross profit growth of +25%. We raise our FY21 LFL growth forecast from +27% to +29%, which we still view as ....
25 Mar 2021
FY20 results update
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FY20 results update
S4 Capital plc (SFOR:LON) | 52.8 5.9 26.7% | Mkt Cap: 305.1m
- Published:
25 Mar 2021 -
Author:
Paul Richards -
Pages:
8
S4 Capital has reported FY20 results that are ahead of our forecasts, with Normalised PBT of £52.9m vs DCe £50.0m. The group finished the year strongly to deliver FY20 LFL growth of +19% with Q4 up +27%. A strong cashflow performance led to the group ending the year with net cash of £52m. The new year has started strongly with January well ahead of budget and the group is budgeting FY LFL gross profit growth of +25%. We raise our FY21 LFL growth forecast from +27% to +29%, which we still view as ....