Business
Capital Markets Day
Capital Markets Day.
About this update from M&c Saatchi Plc
[{"type":"text","content":"\n \n \n 8 February 2023\n \n \n \n M&C SAATCHI PLC\n \n \n \n \n (the \"Company\" or \"M&C Saatchi\")\n \n \n \n \n Capital Markets Day\n \n \n \n \n \n \n \n \n M&C Saatchi is today hosting a capital markets event for institutional investors and analysts. The event will be hosted by Chief Executive Officer, Moray MacLennan and Interim Chief Financial Officer, Bruce Marson, and will include presentations from leaders within the group.\n \n \n Following two years of record results, the Company will announce its new strategy, accelerating high-margin, digitally led growth. Having turned the Company around and building on strong foundations, the focus is now on the delivery of creative solutions to M&C Saatchi's clients. It will use its specialist expertise connected through data and tech to deliver meaningful commercial and societal change.\n \n \n \n Strategy Highlights\n \n \n \n The Company will be setting out its new strategy in the presentation, to cover the following:\n \n \n ·\n Building new capabilities, with a focus on data, technology and digital transformation.\n \n \n ·\n Identifying new opportunities, shifting from start-ups to targeted M&A and partnerships.\n \n \n · \n Embedding a new, more efficient operating model, delivering significant cost savings and enhancing productivity.\n \n \n \n Financial Highlights\n \n \n \n The Company will also set out new financial targets, 2022 - 2027:\n \n \n ·\n Net revenue growth of 8% CAGR (from £271m to £400m).\n \n \n ·\n Operating profit growth of 16% CAGR (from £35m to £74m).\n \n \n ·\n Operating profit margin of 18% by 2027, top end of the industry range.\n \n \n · \n Improved margins in all specialisms, with higher-margin specialisms expected to represent 60%of group net revenue by 2027.\n \n \n ·\n Headline earnings[1] growth of 22% CAGR (from £18m to £50m).\n \n \n ·\n Net cash improvement of 45% CAGR (from £30m to £195m).\n \n \n The event will start at 10:30am. To register for the live webcast please email:\n \n \n [email protected]\n \n \n . The presentation will be made available on the Company's website at\n \n \n https://mcsaatchi.com/\n \n \n after the event.\n \n \n \n Current Trading and Outlook\n \n \n \n As noted in the trading update on 24 January 2023, FY 2022 net revenue is expected to be £27...