Tag Archives: M&C Saatchi

Managing overseas operations doesn’t get any easier

One message to emerge from the otherwise pleasing results of M&C Saatchi for 2011 is that the management of overseas businesses doesn’t get any easier.

Despite its ambitious global aspirations, the UK remains the backbone of the M&C Saatchi business, generating 44% of group revenue. More importantly, the domestic market contributed nearly 58% of the group’s operating profit.

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What will M&C Saatchi do about Australasia?

A few weeks ago, amidst the very good overall results announced by M&C Saatchi for the half year to 30 June, there was one slightly worrying feature.   Its activities outside the UK and Europe – accounting for some 38% of total revenue – were making very little profit.

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Let’s find something to cheer about!

With nearly everyone going around long-faced, fearing another recessionary dip before we’ve even recovered from the current one, it seemed worthwhile to take a look at what has actually been happening among listed UK marketing companies that have recently published their half year reports.

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What accounting rules and pigs have in common

More often than not, this column has been at pains to point out how companies have perhaps been a little liberal in their interpretation of accounting rules or at least have taken steps to put the best possible gloss on their performance.  So it may come as a surprise to find that today’s offering takes the form of a rant about some of the recent acts of lunacy perpetrated by the rule-makers. 

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Congratulations WPP – your share price has recovered to its 2001 level

It may seem hard to believe, but today we celebrate the resurgence of WPP’s share price to the level at which it stood 10 years ago – on 12 January 2001 or thereabouts.   Yes, it’s a fact.  WPP’s share price has remained depressed for a whole decade.

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Why many marcoms companies may lack stock market appeal

The reluctance of shares in many UK marcoms companies that are listed on the stock exchange to follow the encouraging upward trend experienced by the FTSE All-Share Index over recent months will reinforce the view that the stock market is not the best place for entrepreneurs in the industry to realise the wealth they have created.   And that is a pity.

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UK’s public marketing agencies see profits rise 52%

It may not feel as if business activity is recovering, but if the results from a recent batch of publicly listed marketing agencies are anything to go by there are distinct signs that the worst is over.

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M&C’s profit improvement masks margin slippage

An improvement in M&C Saatchi’s revenues and operating profit for the half year to 30 June, reported today, masked a less welcome slippage in operating profit margin for the period.

Revenues (after deduction of bought in direct costs, more commonly known as gross income) rose by 16.9% while the operating profit rose by 12.4% to £6.1 million.   But the group’s operating margin slipped from 11% in the corresponding period last year to 10.5% in the latest period.

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WFCA boasts profit rise after clients leave

WFCA, the AIM listed integrated marketing agency based in Tunbridge Wells, has announced a 41.8% increase in pre-tax profits to £677,000 for the year to 30 June, despite experiencing a stream of staff and client defections in the past year or so.

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Sir Martin’s first Epistle was good. What about a second?

The most important component of Sir Martin Sorrell’s update to WPP Group shareholders at Tuesday’s annual meeting was the public acknowledgement of a basic truth: if you do what you are paid to do outstandingly well, everything else will follow.

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