Sorrells S4 sees good 2022 after publishing delayed results

div classBodysc17zpet90 cdBBJodivpLONDON Reuters – Martin Sorrells S4 Capital said it expected to enjoy a good year in 2022 despite the deteriorating global economic outlook, as it published its 2021 results that were delayed by an audit hold up.p

pS4 said the more than monthlong delay had been unacceptable and embarrassing and said significant changes would be made to its financial control, risk and governance structure. In a results statement that was described as unaudited, it said several significant additions would be made to teams including the Audit Committee. pdivdivdiv classBodysc17zpet90 cdBBJodiv

pThe digital advertising group said the year had started well after it posted gross profit up 44 in 2021, in line with expectations. It gave market guidance of 25 likeforlike gross profit growth with a steady improvement in margins for 2022