M&C Saatchi – Results for the year ended 31 December 2012

M&C Saatchi has announced its results for the year ended 31 December 2012

Financial Highlights 2012

  • Revenue £169.5m +11% (2011: £153.1m)
  • Operating Profit £17.1m +11% (2011: £15.4m)
  • Profit Before Tax £17.2m +10% (2011: £15.6m)
  • EPS 15.10p +6% (2011: 14.30p)
  • Dividend 4.95p +10% (2011: 4.50p)

Operational Highlights

  • Strong growth in both revenue and earnings, driven by new business wins and new businesses
  • Global Network performed well across all geographies:
    • UK: revenues up 13%, with CRM and mobile performing particularly well, operating profit up 17%
    • Europe: revenues up 11%, operating profit up 14%, in spite of macro-economic challenges
    • Middle East and Africa: revenues up 121%, well positioned to take advantage of growing African market
    • Asia and Australasia: revenues up 8%, operating profit up 46%
    • Americas: revenues up 19% with the New York agency relaunched in Q4
    • Clear had a disappointing year and have restructured (resulting in a good start to the year)
  • Strong balance sheet maintained, focus on cash control with net cash of £17.9m
  • Final dividend increased 10% to 3.85p, which takes the full-year dividend up 10% to 4.95p

Commenting on the results, David Kershaw, Chief Executive, said:

“M&C Saatchi has made very good progress in 2012. The Group returned double digit revenue and operating profit growth. This arose from new business success, increasingly international and integrated, the profitable growth of new businesses in the mature markets and the rolling out of proven models across the network. This was whilst continuing to invest in further new offices and businesses.

“Looking ahead, we are confident that we will continue to make progress in 2013 and beyond. The strategy continues to deliver. ”

More information here.

UK, London

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