Trading Update

RNS Number : 1981T

M&C Saatchi PLC

23 November 2021

 

23 November 2021

M&C SAATCHI PLC

(the "Company")

Trading Update

The Company is pleased to announce a further trading upgrade for 2021.

Since the last trading update on 21 September 2021, the Company has continued to trade well.

As a result of the continued strong performance, management now believes the Company's headline profit before tax for FY21 will be ahead of consensus expectations, with both revenue and operating profit margin ahead of market forecast.

New business continues to be strong with new client assignments including projects for Apple and Mars. We extended relationships with Commonwealth Bank, Whoop and TikTok, and 'Icelandverse' became one of the most talked about campaigns of the year.

The group's next scheduled update is the preliminary results announcement.

For further information please call:

M&C Saatchi plc	[phone]
Moray MacLennan, Mickey Kalifa
Brunswick Sumeet Desai, Stuart Donnelly, Kate Pope	[phone]
Numis Securities	[phone]
Nick Westlake, Hugo Rubinstein, NOMAD Charles Farquhar, Corporate Broking
Liberum	[phone]
Neil Patel, Benjamin Cryer, Edward Phillips, Will King

 

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