Business
Preliminary Results for 2018
Preliminary Results for 2018.
About this update from M&c Saatchi Plc
[{"type":"text","content":"\n \nRNS Number : 0912U M&C Saatchi PLC 27 March 2019 \n\n \n \n \n \nM&C SAATCHI PLC\n \n \nPRELIMINARY RESULTS\n \n \nYEAR ENDED\n31 DECEMBER 2018\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n27 March 2019\n \nM&C Saatchi PLC - Preliminary Statement\nPreliminary Results for the year ended 31 December 2018\n \n \n\n\n\n\n27 March 2019\n\n\n \n\n\n\n\nFinancial Highlights 2018 \n\n\n Growth versus 2017\n\n\n\n\nNet Revenue\nNet Revenue in constant currencies\n\n\n£255.3m £260.7m\n\n\n+ 2% (2017: £251.5m)\n+ 4%\n\n\n \n\n\n\n\nOperating Profit \nOperating Margin\n\n\n£30.3m \n12.3%\n\n\n+ 13% (2017: £26.7m)\n+ 1% (2017: 11.3%)\n\n\n \n\n\n\n\nProfit Before Tax \n\n\n£32.2m \n\n\n+ 16% (2017: £27.7m)\n\n\n \n\n\n\n\nProfit After Tax and MI\nEPS \n\n\n£21.0m\n25.01p \n\n\n+ 17% (2017: £18.0m)\n+ 9% (2017: 23.04p)\n\n\n \n\n\n\n\nFull-Year Dividend \n\n\n10.96p \n\n\n+ 15% (2017: 9.53p)\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n \n \n \n \n \n\n\n\nThe highlights are headline results, see note on next page for definition.\n \n \n \nOperational Highlights\n· Record results in terms of net revenue and earnings \n· Global Network performed well: \n° UK: like-for-like net revenue up 2%\n° Europe: like-for-like net revenue up 2% \n° Middle East and Africa: like-for-like net revenue up 11% \n° Asia and Australia: like-for-like net revenue up 6% \n° Americas: like-for-like net revenue up 3% \n· Robust balance sheet with net borrowing of £2.2m with seasonal working capital outflow (£10.3m net cash at 31st December 2017). We sold our 24.9% stake in Walker Media since the year-end to Publicis for £25m \n· Final dividend increased 15% to 8.51p \n \n \nDavid Kershaw, ...