Business
Further Trading Update
Further Trading Update.
About this update from M&c Saatchi Plc
[{"type":"text","content":"\n \nRNS Number : 4055J M&C Saatchi PLC 16 August 2019 \n\n M&C Saatchi plc\nFurther trading update\nThe Company reiterates its guidance from 12th August 2019 that the Board is confident that it will meet expectations of operating profit for the year, before the exceptional charges referred to in that announcement. As disclosed on 12th August 2019, the 2019 interim results are expected to show a decline in profit before tax against H1 2018. The first half results are also expected to show a decline against H1 2017 and 2016.\nWe expect an increase in like for like operating profits for the full year, excluding the impact of the investment in Walker Media (sold in February 2019) and the above-mentioned exceptional charges. This is as a result of H1 2019 having a larger number of loss-making entities, including start-ups, compared to prior years and the impact of the timing of revenues in 2019, including recent client wins and additional projects, the benefits of which we expect to flow to the second half year operating profit.\n \nFor further information please call: \n \nM&C Saatchi +44 (0)20-7543-4500 \nDavid Kershaw\nMickey Kalifa \n \nTulchan Communications +44 (0)20-7353-4200 \nTom Murray\n \nNumis Securities +44 (0)20-7260-1000 \nNick Westlake, Hugo Rubinstein NOMAD \nCharles Farquhar, Corporate Broking \n \n \n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END TSTMMGMRNVLGLZM\n ","length":3213,"tagName":"div"}]