S4Capital, the digital advertising, marketing and technology services company, has confirmed that trading in the fourth quarter of 2022 was in line with expectations and it anticipates delivering at least £120 million of operational EBITDA for the full year 2022.
S4Capital said that it significantly improved operational EBITDA margin performance in the second half with like-for-like gross profit/net revenue growth also in line with the 25% guidance.
As a result of improved liquidity, net debt is expected to be well towards the lower end of the guided range of £130-170 million.
The annual results for 2022 are expected to be announced by March 30. The company will also provide a full outlook for 2023 in the annual results.
Martin Sorrell, S4Capital’s Executive Chairman, said, "We look forward to updating our shareowners on the progress of our results in March. Most market commentators are now projecting high single-digit growth for digital advertising and high teens percentage growth for digital transformation, which we believe we can continue to outpace, given our addressable markets including Technology services, and as we build further momentum with our clients. Their priorities for 2023 seem to be focussed on driving revenue growth through "lower funnel" performance and activation and reducing cost through digital marketing transformation."