Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. WPP plc
  6. News
  7. Summary
    WPP   JE00B8KF9B49

WPP PLC

(WPP)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 08/05 03:55:32 am
969.3 GBX   +3.01%
03:50aMARKETS : FTSE 100 dips as investors brace for Bank of England's MPC meeting
AQ
03:50aWPP : raises forecast, following further revenue growth
AQ
02:56aLondon Shares Set to Open Lower Ahead of BOE Decision
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Ad group WPP returns to growth as clients anticipate recovery

04/28/2021 | 04:10am EDT
FILE PHOTO: Branding signage is seen for WPP, the world's biggest advertising and marketing company, at their offices in London

(Repeats to additional subscribers)

By Kate Holton

LONDON (Reuters) -WPP, the world's biggest advertising company, returned to underlying growth in the first quarter of the year after clients launched new products and brands ahead of an expected global economic recovery.

Mirroring the improving picture at rivals Omnicom and Publicis, Chief Executive Mark Read said bosses could see the recovery coming and even though COVID restrictions remained, companies and consumers have found ways to spend.

Having posted a 6.5% drop in underlying net sales in the fourth quarter, the group said sales jumped by 3.1% in the first three months as clients "seek to transform their offer for future growth".

Analysts had expected the group's net sales to drop 1.5%.

WPP's shares rose 4% as the group reported its first quarterly rise in underlying net sales since the third quarter of 2019, and its biggest rise in the key figure since 2016. Trading was helped by a sales jump of 18% in Greater China.

"There's been a lot of innovation in the last year and consumers have found ways to spend money," Read told Reuters. "Those parts of the economy that have innovated are seeing growth.

"There is a lot of strategic corporate activity as companies figure out how to prosper in a post COVID world," he added.

The recovery at the owner of the Ogilvy, Grey and GroupM agencies comes after Read sought to better combine the group's digital and data capabilities with its creative agencies, a new approach that had been demanded by clients.

Since the start of the pandemic it has also won work by helping companies build e-commerce and digital offerings to reach consumers when traditional commerce routes had to close.

Analysts at Citi said the growth rate put WPP ahead of peers. "The most encouraging thing about this, though, is not the magnitude of the beat but the broad-based nature of it," they said.

The British company, which had said it expected to return to growth in the second quarter, also won $1.3 billion of new work from companies such as Absolut and JP Morgan Chase, helping it to reiterate its full-year outlook.

(Reporting by Kate HoltonEditing by Michael Holden, Keith Weir & Simon Cameron-Moore)


ę Reuters 2021
All news about WPP PLC
03:50aMARKETS : FTSE 100 dips as investors brace for Bank of England's MPC meeting
AQ
03:50aWPP : raises forecast, following further revenue growth
AQ
02:56aLondon Shares Set to Open Lower Ahead of BOE Decision
DJ
02:17aWPP : Swings To Profit In H1 As Clients Reinvest In Marketing
MT
02:09aWPP : Earnings Flash (WPP.L) WPP Posts H1 Revenue $6.1M
MT
02:08aWPP : Earnings Flash (WPP.L) WPP Reports H1 EPS GBX20.6
MT
02:06aWPP : 2021 Interim Results
PU
02:00aWpp 248 mln stg share buyback in h1, 350 mln stg planned for h2; 12.5p 2021 i..
RE
02:00aWpp full year 2021 lfl revenue less pass-through costs growth now expected to..
RE
02:00aWpp h1 reported revenue up 9.8%, like-for-like up 16.1% (q2 26.4%)
RE
More news
Financials
Sales 2021 10 045 M 13 946 M 13 946 M
Net income 2021 742 M 1 030 M 1 030 M
Net Debt 2021 1 493 M 2 073 M 2 073 M
P/E ratio 2021 15,4x
Yield 2021 3,06%
Capitalization 11 243 M 15 629 M 15 609 M
EV / Sales 2021 1,27x
EV / Sales 2022 1,22x
Nbr of Employees 99 830
Free-Float 93,9%
Chart WPP PLC
Duration : Period :
WPP plc Technical Analysis Chart | WPP | JE00B8KF9B49 | MarketScreener
Technical analysis trends WPP PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 941,00 GBX
Average target price 1 096,55 GBX
Spread / Average Target 16,5%
EPS Revisions
Managers and Directors
Mark Julian Read Chief Executive Officer & Executive Director
John Terence Rogers Chief Financial Officer & Director
Roberto Quarta Chairman
Stephan Pretorius Chief Technology Officer
Andrew Grant Balfour Scott Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
WPP PLC17.63%15 629
PUBLICIS GROUPE SA32.63%15 903
OMNICOM GROUP INC.16.84%15 624
THE INTERPUBLIC GROUP OF COMPANIES, INC.53.19%14 182
WEIBO CORPORATION38.69%12 892
CYBERAGENT, INC.13.42%9 327