Q1 2022 S4 Capital PLC Trading Statement Call - Morning Session Transcript
So good morning, everybody. I'm joined in London with Mary, and Scott is in Singapore, and we're just going to review very briefly the Q1 results. So Mary will take you through them. And then Scott will just do a brief follow-up, and then we'll go to Q&A.
So Mary, over to you.
Thank you, Martin. So good morning, and thank you for joining us today for our Q1 trading update.
We've delivered strong top line growth in the first quarter, with revenue up 70% on a reported basis and 41% on a like-for-like basis at GBP 207 million. Gross profit net revenue was up 35% on a like-for-like basis to GBP 171 million. We maintain our full year guidance of 25% growth in gross profit and net revenue.
In the full year, we continue to target a steady improvement in EBITDA margin and from this year onwards, in line with our 3-year plan. Operational EBITDA for the year will be significantly weighted to the second half. Now the group is
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