S4 Capital continues to out-pace agency groups in H1 2021

Sir Martin Sorrell’s S4 Capital has reported a “very strong first half” for 2021, with like-for-like gross profit (net revenue) up 49% and accelerating to 66% in second quarter.

Revenue was £547.5 million, up over 110% for reported, and up over 82% like-for-like. While gross profit was £236.7 million, up almost 91% for reported, up over 49% like-for-like.

Operational EBITDA is up 91% reported, 30% like-for-like and 36% pro-forma with EBITDA margin of 14.5% reflecting continued investment.

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