Business
Interim Results for 2023
Interim Results for 2023.
About this update from S4 Capital Plc
[{"type":"text","content":"\n\n \nS4Capital plc\n(\"S4Capital\" or \"the Company\" or \"the Group\")\nInterim Results for 2023\n \nNet revenue2 growth of 18.7%, 5.1% like-for-like3\nOperational EBITDA5 £36.5 million up 21.3% on a reported basis, down 30.2% like-for-like\nNet debt7 at £109 million, better than expectations and last year's £135 million\nThe Board will consider a dividend of at least 1p per share when the final results for 2023 have been determined\nContinued client conversion at scale, with like-for-like revenue growth from top 20 clients of 8.9% and top 50 clients of 11.4%\nRevised full year like-for-like net revenue target, likely down on last year with operational EBITDA margins of 12 to 13.5%9\n \n\n\n\n£ millions\n\n\nsix months ended\n30 June 2023\n\n\nsix months ended\n30 June 20228\n\n\n\n\n\n\n\n\nchange Reported\n\n\nchange\nLike-for-like3\n\n\nchange\nPro-forma4\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\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\nBillings1\n\n\n925.4\n\n\n765.6\n\n\n\n\n\n\n\n\n20.9%\n\n\n10.9%\n\n\n10.9%\n\n\n\n\nRevenue\n\n\n517.1\n\n\n446.4\n\n\n\n\n\n\n\n\n15.8%\n\n\n2.5%\n\n\n2.5%\n\n\n\n\nNet revenue2\n\n\n445.5\n\n\n375.3\n\n\n\n\n\n\n\n\n18.7%\n\n\n5.1%\n\n\n5.1%\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\n\n\nOperational EBITDA5\n\n\n36.5\n\n\n30.1\n\n\n\n\n\n\n\n\n21.3%\n\n\n(30.2%)\n\n\n(30.2%)\n\n\n\n\nOperational EBITDA margin5\n\n\n8.2%\n\n\n8.0%\n\n\n\n\n\n\n\n\n20bps\n\n\n(410)bps\n\n\n(410)bps\n\n\n\n\nAdjusted6 operating profit\n\n\n30.6\n\n\n25.4\n\n\n\n\n\n\n\n\n20.5%\n\n\n\n\n\n\n\n\n\n\nAdjusting6 items\n\n\n(37.0)\n\n\n(100.8)\n\n\n\n\n\n\n\n\n63.3%\n\n\n\n\n\n\n\n\n\n\nOperating loss\n\n\n(6.4)\n\n\n(75.4)\n\n\n\n\n\n\n\n\n91.5%\n\n\n\n\n\n\n\n\n\n\nLoss for period\n\n\n(19.7)\n\n\n(82.3)\n\n\n\n\n\n\n\n\n76.1%\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\n\n\n\n\n\n\n\n\nBasic loss per share (pence)\n\n\n(3.2)\n\n\n(14.5)\n\n\n\n\n\n\n\n\n11.3\n\n\n\n\n\n\n\n\n\n\nAdjusted6 basic earnings per share (pence)\n\n\n1.7\n\n\n2.1\n\n\n\n\n\n\n\n\n(0.4)\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\n\n\n\n\n\n\n\n\nNumber of Monks\n\n\n8,551\n\n\n 9,041\n\n\n\n\n\n\n\n\n(5.4%)\n\n\n\n\n\n\n\n\n\n\nNet debt7\n\n\n(109.4)\n\n\n(135.5)\n\n\n\n\n\n\n\n\n...