M&C Saatchi (SAA) Trading Update summary

Trading performance and revenue

• Like-for-like net revenue grew approximately 3.5% for FY 2024, with reported net revenue around £243 million.

• Second half trading maintained momentum, driven by growth in Issues, Media, and the UAE.

• Operating margin and profit before tax are expected to be in line with market expectations.

Operational transformation and efficiency

• Group-wide efficiency programmes enabled organic reinvestment into capabilities and talent in the second half.

• Ongoing transformation and a new agile, regional-first operating model are positively impacting business performance.

Financial position and outlook

• Net cash stood at approximately £16 million at year-end, with £36 million in available facilities for strategic opportunities.

• Settlement of put options and enhanced cash management are expected to provide significant cash tailwinds into 2025 and beyond.

• The company remains focused on long-term profitable growth and sustainable shareholder returns, despite macroeconomic volatility.