TMT: Media – AIM – M cap £204m – Price 166.50p – Non client QV
M&C SAATCHI
Progress in net revenue and margin
M&C Saatchi’s FY24 results were broadly as indicated at January’s update, with net revenue ahead 4% like-for-like and a nudge up in operating margin to 15.2%, from 15.0% in FY23. This partly reflects the shift in mix towards the higher-margin non-advertising specialisms, now two-thirds of net revenue, partly the benefits of scale and partly the early benefits of the efficiency drive, which had reached the target of £10m of annualised savings by the year-end. The group had net cash of £15.3m at the year-end, which, along with undrawn facilities, gives plenty of scope for investment within the business through adding creative and sales talent and to pursue appropriate bolt-on acquisitions to fill in capabilities or geographies.
M&C Saatchi: Edison
Mar 28, 2025Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.