Home Business NewsBusiness Martin Sorrell’s S4 Capital boosts profits

Martin Sorrell’s S4 Capital boosts profits

by LLB Editor
4th May 21 8:57 am

S4 Capital, the advertising agency he set up by Sir Martin after he was ousted from WPP in 2018, has reported that revenues rose 71 per cent to £122 million the first three months of the year. Like-for-like revenue was up 35 per cent.

Sir Martin, executive chairman of S4 Capital, said: “We are extremely optimistic about our prospects for this year and next, given the huge global fiscal and monetary stimulus introduced to counter the impact of the pandemic.”

Alongside the trading update S4 raised its self imposed like-for-like revenue and gross profit growth to 30 per cent up from 25 per cent.

Shares in S4 Capital have risen 393 per cent since Sir Martin took control of what was then an Aim-listed cash shell. WPP shares have fallen 26 per cent over the same period.

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