S4 Capital will announce interims on Wednesday, 9th September. The group released a trading update in July indicating 5m LFL growth in gross profit of +12% (Jan +33%, Feb +21%, Mar +6%, Apr +3% and May +5%) and we forecast a return to double-digit growth of +10% in June to give +6% for Q2 and +12% for H1. By contrast, the holdcos have reported an average decline of -16% in Q2 (Interpublic -10%, Omnicom -23%, Dentsu -17% and WPP -15%). S4 Capital has strong momentum and we retain our FY20 fore
02 Sep 2020
Interim results preview & Brightblue
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S4 Capital plc (SFOR:LON) | 55.0 -0.1 (-0.4%) | Mkt Cap: 317.9m
- Published:
02 Sep 2020 -
Author:
Paul Richards -
Pages:
4
S4 Capital will announce interims on Wednesday, 9th September. The group released a trading update in July indicating 5m LFL growth in gross profit of +12% (Jan +33%, Feb +21%, Mar +6%, Apr +3% and May +5%) and we forecast a return to double-digit growth of +10% in June to give +6% for Q2 and +12% for H1. By contrast, the holdcos have reported an average decline of -16% in Q2 (Interpublic -10%, Omnicom -23%, Dentsu -17% and WPP -15%). S4 Capital has strong momentum and we retain our FY20 fore