No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Marketing firm S4 Capital warned on revenues on Thursday amid ongoing economic challenges.
S4 Capital said third quarter reported net revenue was down 15.2% at 179.3m, primarily reflecting lower activity in both content and one of its larger technology services clients. Year-to-date reported net revenues fell 15.5%.
The London-listed group also noted that full year like-for-like net revenue was expected to be down "low double digits", with like-for-like operational underlying earnings "slightly below" the prior year.
Net debt came to 180.0m at the end of the quarter, leverage was 2.2x EBITDA and year-end net debt was expected to be in the previously stated range of 150.0m to 190.0m.
As of 1140 GMT, S4 shares had slumped 10.57% to 35.29p.
Reporting by Iain Gilbert at Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.