S4 Capital has reported very robust Q3 results that were well ahead of our raised expectations. In our preview note we believed the group would at least match the +18% reported in July. S4 Capital considerably outperformed this, with Q3 LFL Gross Profit growth of +23%, taking YTD growth to +16%. Growth was strongest in Content (Q3 +28%) and the Americas (+27%). The group secured the BMW/Mini whopper account in Q3 and indicates it has another one in sight this quarter. We raise our FY LFL Gross P ....
09 Nov 2020
Q3 results update
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Q3 results update
S4 Capital plc (SFOR:LON) | 48.6 3.5 17.2% | Mkt Cap: 280.7m
- Published:
09 Nov 2020 -
Author:
Thomas Like | Paul Richards -
Pages:
8
S4 Capital has reported very robust Q3 results that were well ahead of our raised expectations. In our preview note we believed the group would at least match the +18% reported in July. S4 Capital considerably outperformed this, with Q3 LFL Gross Profit growth of +23%, taking YTD growth to +16%. Growth was strongest in Content (Q3 +28%) and the Americas (+27%). The group secured the BMW/Mini whopper account in Q3 and indicates it has another one in sight this quarter. We raise our FY LFL Gross P ....