Sorrell's S4 Capital expects to hit full-year targets

Reuters
Sir Martin Sorrell walks down Whitehall, as a meeting takes place addressing the government's response to the coronavirus outbreak, at Cabinet Office in London

LONDON (Reuters) - Martin Sorrell's S4 Capital advertising group said it expected to hit its full-year core earnings target after it improved its margin in the second half of the year.

S4 said in a trading statement on Wednesday it expected to deliver at least 120 million pounds ($147.7 million) of Operational EBITDA for 2022, after its main trading metric of like-for-like gross profit/net margin hit its guidance of 25% growth.

($1 = 0.8122 pounds)

(Reporting by Kate Holton; editing by James Davey)

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