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Pin to quick picksM&C Saatchi Regulatory News (SAA)

Share Price Information for M&C Saatchi (SAA)

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143.00    0.00 (0.00%)
Bid:
139.50
Ask:
142.50
Spread: 3.00 (2.151%)
Market Cap: £171.23m
SAA Live PriceLast checked at - London Stock Exchange

Intraday M&C Saatchi Share Chart

Trading Statement

20 Jan 2020 07:00

RNS Number : 2402A
M&C Saatchi PLC
20 January 2020
 

Trading update

 

M&C Saatchi is pleased to announce a trading update ahead of its results for the year ended

31 December 2019. The Company anticipates that underlying profit before tax, before exceptional costs, will be in line with the Board's expectations as set out in the trading update of 4 December 2019. We are also pleased to announce net cash for the year ended 31 December 2019 is expected to be at least £15 million, substantially ahead of expectations following the implementation of improved cash collection processes.

 

As previously announced, we will confirm the appointment of new independent non-executive directors in the near future.

 

 

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For further information please call:

M&C Saatchi +44 (0)20-7543-4500David Kershaw, Mickey Kalifa

 

Tulchan Communications +44 (0)20-7353-4200Tom Murray

 

Numis Securities +44 (0)20-7260-1000Nick Westlake, Hugo Rubinstein, NOMADCharles Farquhar, Corporate Broking

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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