Half Year 2024 S4 Capital PLC Earnings Call (US Event) Transcript

Sep 19, 2024 / 12:00PM GMT
Martin Sorrell – S4 Capital PLC – Executive Chairman of the Board

So good afternoon, I think, in London. Good morning in New York, and welcome to our second presentation on the H1 results for 2024. I’m joined by Mary Basterfield in London, Scott Spirit in London, and Jean-Benoit Berty in London, too. I’m in New York. And we’ve got a presentation.

It’s on our website, which has seven sections. The results, Mary will run through, and then Scott will run through our market momentum section, client analysis and artificial intelligence. And then I’ll come back in with just a brief summary and outlook. There’s then time for Q&A and an appendix, which carries some data that Mary has added to explain the numbers.

So with that, Mary, can you kick off on the results, please.

Mary Basterfield – S4 Capital PLC – Group Chief Financial Officer, Executive Director

Reported net revenue for the half year was down 16% to GBP376 million or 14% on a like-for-like basis. Global macroeconomic uncertainty, together with continued high interest rates resulted in

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