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M&C Saatchi s 2020 financial results show drop in AU revenue, but positive outlook for 2021

July 1, 2021 10:58 M&C Saatchi has released its unaudited financial results for the year ended 31 December 2020. According to the report, the company demonstrated resilience and agility in a “challenging environment during 2020” and announces that trading is ahead of expectations for the first five months of 2021. M&C Saatchi release financial results for the year ended 31 December 2020 Financial performance in Australia included a net revenue declined of 6% like-for-like, down to £47.4 million from £50.6 million in 2019. Headline operating profit reduced by 41% to £3.1 million from  £5.2 million in 2019. However, the business did make a 12% reduction in headline operating costs. ADVERTISEMENT Commenting on current performance and outlook, chief executive officer, Moray MacLennan, said: “2020 was undoubtedly a watershed year for the company. We went into the year confronted by COVID- 19 and ended with a new strategy and the unswerving support of the group’s employ

Investegate |M&C Saatchi PLC Announcements | M&C Saatchi PLC: Unaudited 2020 final results and trading update

Investegate |M&C Saatchi PLC Announcements | M&C Saatchi PLC: Unaudited 2020 final results and trading update
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