RE: Short8 May 2024 09:32
Not much on 2024
.. In 2024, S4 Capital said it expects Content to show a profitability improvement and Data&Digital Media to show a similar top and bottom line performance to the prior year with some margin improvement.
The outlook for Technology Services is more ‘challenging and expected to be lower, following a reduction in activity with some key clients.’
Over the medium to longer term S4 Capital continues to expect growth to outperform markets and operational Ebitda margins to return to historic levels of around 20%.
Last week, shares in S4 Capital rose following a report in The Wall Street Journal that it had rejected a bid valuing the company at around $700 million last year from Stagwell, another agency.