M&C Saatchi FY LFL net revenues seen lower

(Sharecast News) - Communications firm M&C Saatchi said on Monday that it has continued to trade in line with guidance issued in November, with full-year likeforlike net revenues expected to fall around 7% year-on-year.

M&C Saatchi said reported net revenues were set to come in at £210m, with operating profits of £26m, after it successfully delivered £12m of annualised cost savings in the second half of the year.

The AIM-listed company said its balance sheet remained solid, ending 31 December with £13m in net cash, and noted it was well positioned to pursue strategic opportunities in line with its capital allocation policy.

M&C Saatchi highlighted improved pipeline conversion in the second half following the rollout of its regional growth teams, leading to multidiscipline wins across several markets.

Despite ongoing macroeconomic headwinds, M&C Saatchi remains confident of delivering profitable growth in 2026, supported by its longterm value drivers and core markets.

Chief executive Zaid Al-Qassab said: "In a year defined by a challenging macro environment, I would like to thank all colleagues at M&C Saatchi for their continued hard work and commitment in delivering fantastic work for clients. I am confident that our world-famous creativity and excellent client retention combined with our portfolio strategy and higher-margin growth drivers will deliver value for clients, colleagues and shareholders."

Reporting by Iain Gilbert at Sharecast.com