Sorrell's S4 Capital hikes annual profit target

Sorrell's S4 Capital hikes annual profit target - Copyright (c) Copyright Thomson Reuters 2021. Click For Restrictions - https://agency.reuters.com/en/copyright.html

Copyright (c) Copyright Thomson Reuters 2021. Click For Restrictions - https://agency.reuters.com/en/copyright.html

By Reuters

Published on 04/05/2021 - 10:00•Updated 19/04/2024 - 21:23

LONDON (Reuters) - Martin Sorrell's S4 Capital raised its full-year revenue and gross profit target for the year after strong customer demand helped the group to grow rapidly in the first quarter.

The digital advertising group will now target 30% organic revenue and gross profit growth, up from 25% previously, and what it described as a "strong operating EBITDA margin" in 2021.

(Reporting by Kate Holton; editing by Sarah Young)

You might also like

Nervousness about risk has led to people stepping back from investments such as cryptocurrency

Now playing Next

What's going to be different with the halving of Bitcoin this time?

A campaign by the European Parliament to call upon people to register to vote.

Now playing Next

EU Policy. Meta, TikTok, X invited to stress-test DSA election guidelines

Derya Matras, Vice President Northern Europe, Middle East and Africa speaks at the at the Meta AI Day in London, Tuesday, April 9, 2024.

Now playing Next

Meta teases new 'much more useful' version of its AI model Llama