15 December 2021
M&C SAATCHI PLC
(the "Company")
Trading Update
Further to the last trading update on 23 November 2021, the Company is pleased to announce that trading has continued to be strong and, as a result, management now believes full year 2021 operating profit will be materially ahead of expectations.
Activity in the final quarter has been strong across the group, particularly in the Performance Media and Global and Social Issues divisions and the UK Agency. The strong performance was largely driven by new assignments from existing clients, and we expect this continued trend to be reflected in the December results.
Our strategy, outlined at the Capital Markets Day in January, continues apace, focused on connecting specialist expertise through data and technology to help clients create and lead meaningful change. This strategic focus has enabled us to capitalise on positive market conditions from a position of renewed strength and combined with steps taken to create a more simplified, more connected structure, is yielding progressive financial performance.
For further information please call:
| M&C Saatchi plc | +44 (0)20-7543-4500 |
| Moray MacLennan, Mickey Kalifa | |
| Brunswick Sumeet Desai, Stuart Donnelly, Kate Pope | +44 (0)207-404-5959 |
| Numis Securities | +44 (0)20-7260-1000 |
| Nick Westlake, Hugo Rubinstein, NOMAD Charles Farquhar, Corporate Broking
| |
| Liberum | +44 (0)20-3100-2000 |
| Neil Patel, Benjamin Cryer, Edward Phillips, Will King | |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
