-32% certainly not based on the RNS, I thought MS must have resigned due to health when I saw the drop24 Jul 2023 08:45
S4 Capital said revenue in the first half of 2023 was below budget, reflecting "challenging" macroeconomic conditions and clients remaining "cautious and very focussed on the short term". As a result, the company's operational earnings before interest, tax, depreciation and amortisation and operational Ebitda margin are below budget, but showing "progress" on the prior year. S4 is now targeting full-year like-for-like net revenue growth in a range of 2% to 4%, as opposed to 6% to 10% previously, and operational Ebitda margin of 14.5% to 15.5%, as opposed to 15% to 16% previously.