S4 Capital has released a very strong Q1 update with LFL Gross Profit up +33%, ahead of our +29% forecast, with reported growth of +71% to £104m. We believe growth accelerated during the quarter as the BMW/Mini and Mondelez whoppers came on stream and as comparatives eased. The group now guides to LFL growth of +30% (was +25%) for FY21 and we raise our forecast from +29% to +32%. S4 Capital indicates it will deliver a strong EBITDA margin in 2021, which will again be stronger in H2. The group ha ....
04 May 2021
Q1 Trading update
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Q1 Trading update
S4 Capital plc (SFOR:LON) | 52.0 -2.6 (-9.0%) | Mkt Cap: 300.0m
- Published:
04 May 2021 -
Author:
Paul Richards -
Pages:
8
S4 Capital has released a very strong Q1 update with LFL Gross Profit up +33%, ahead of our +29% forecast, with reported growth of +71% to £104m. We believe growth accelerated during the quarter as the BMW/Mini and Mondelez whoppers came on stream and as comparatives eased. The group now guides to LFL growth of +30% (was +25%) for FY21 and we raise our forecast from +29% to +32%. S4 Capital indicates it will deliver a strong EBITDA margin in 2021, which will again be stronger in H2. The group ha ....