Looking for the S4 Capital share chat? This is where verified investors discuss S4 Capital.
What members are discussing 1 Whether lower debt and a first dividend outweigh falling revenue at S4 2 Whether the executive chairman's controlling B share is acceptable to outside shareholders To see the S4 Capital board, create your account.
Most investors never get a thoughtful conversation about the UK shares they hold. Here you can. We verify every member. A nickname is fine. Everyone here is a real person who owns or is thinking about the same companies as you, and has come to compare notes and ideas.
Joining is free .
What joining involves
1. Your email and a one-time code. 2. Pick your nickname. 3. A 30-second identity check with a photo ID, which Veriff runs for us. Then the S4 Capital board opens. We never see or hold your documents, only the result. Your identity is held privately and never shown on the board.
Free for all members
The RNS Digest, in your inbox. Every morning your companies file an RNS, you receive one email with the substantive announcements summarised in plain English.
S4 Capital SFOR 28 Oct 2026
Third Quarter Trading Update
S4Capital reported Q3 reported net revenue of £156.3 million, down 6.4% (down 7.3% like-for-like), and nine-month net revenue of £464.3 million, down 6.2% (down 5.6% like-for-like); Q3 billings were £430.0 million (down 12.4%/13.0% like-for-like) and nine-month billings £1,321.9 million (down 6.7%/5.6% like-for-like). Net debt at 30 September 2026 was £76.0 million, described as significantly better than anticipated and equivalent to 0.7x pro-forma trailing 12-month Operational EBITDA, a reduction of £75.1 million (£66.0 million like-for-like) versus 30 September 2025; the Term Loan B outstanding has been reduced to €198.8 million from €375 million following further buybacks of €50.9 million post-period (on top of €125.3 million previously repurchased), of which €10.5 million remains subject to settlement. The company now expects full-year 2026 like-for-like net revenue to be marginally below previous guidance of down high-single digits, with operational EBITDA expected at the current analyst consensus level of £85 million and operational EBITDA margin now expected to increase by at least 160 basis points to 13.7%. Adjusted basic EPS is expected to exceed current analyst consensus of 6.1p, and the year-end net debt target range of £50-80 million is reiterated, with the company expecting to finish comfortably within it.
Summarised by The Shareholders Board from the RNS.
Nothing on this page is investment advice or a recommendation to buy or sell any security. It is a place to discuss the companies you own with other verified investors.