Source: Sharecast
Updating investors ahead of the annual general meeting, the AIM-listed advertising and marketing firm said like-for-like net revenue in the first four months of the year was in line with expectations, supporting the market’s full-year outlook.
Consensus is for net revenues of £214m in the year to 31 December, and pre-tax profits of £24.1m. The firm posted pre-tax profits of £19.4m - a 34% slump - on net revenues of £204.7m in 2025.
It continued: "Trading reflects positive growth in our high-margin issues and media specialisms, compensating for a continued difficult market environment."
Recent client wins include Unicef, Ras Al Khaimah Development Authority, RAC Motoring Service and Brand USA.
Heather Rabbatts, who took up the role of executive chair on an interim basis in April, said: "Although the global macro and geopolitical situation remains volatile, I am pleased with the progress that the business has made.
"We continue to target net revenue and operating margin growth this year, supported by the momentum in our high-margin specialisms.
"Our focus remains, as I highlighted when I took on the role, on simplifying the business, refining our go-to-market offering and unlocking the company’s intrinsic value to deliver strong sustainable returns for shareholders."
Rabbatts, who joined M&C Saatchi’s board in 2024, replaced former chief executive Zaid Al-Qassab, who stepped down after less than two years in the role in March.
As at 1030 BST, the stock had eased 1% at 140.5p.
See latest RNS on Investegate