AGM Trading Update

M&C Saatchi plc is pleased to announce a trading update for the first quarter ended 31 March 2025, ahead of today's Annual General Meeting.

Like-for-like net revenue for the first quarter is broadly in line with last year, reflecting continued strength in the UAE and Europe as well as our Issues and Media specialisms, offsetting ongoing macro volatility in Australia and the UK. The group continues to invest in people and capabilities for long-term sustainable growth, which will be largely first-half weighted, while the planned delivery of c.£3m of annualised cost savings is on track.

Zaid Al-Qassab, Chief Executive Officer, said:

"We have delivered a resilient trading performance in the quarter and we remain confident in achieving market expectations this year, which reflects the strength of our proposition and our diversified portfolio. Although the global macro and geopolitical situation remains volatile, we have not seen any significant change in client spending in the quarter. We will continue to assess the implications of economic and market events on our clients for the remainder of 2025 while maintaining cost base agility and discipline. We remain confident in achieving our ambition of long-term profitable growth and delivering strong sustainable returns for shareholders."

1 Company compiled consensus available at: https://www.mcsaatchiplc.com/analysts/consensus