Sorrell’s S4 says trading well ahead of guidance

FILE PHOTO: Sir Martin Sorrell attends a conference at the Cannes Lions International Festival of Creativity, in Cannes
FILE PHOTO: Sir Martin Sorrell attends a conference at the Cannes Lions International Festival of Creativity, in Cannes, France, June 22, 2018. REUTERS/Eric Gaillard/File Photo

January 12, 2022

LONDON (Reuters) – Martin Sorrell’s S4 Capital said on Wednesday trading for the first 11 months of the year were in line with market expectations and well ahead of its previous guidance of 40% gross profit growth.

S4, which also announced a deal to acquire a data analytics group called 4 Mile Analytics, said operational earnings margins improved significantly in the second half.

(Reporting by Kate Holton, Editing by Paul Sandle)