WPP 3Q Turnover Rises 1.1%; Sees Fiscal Year 2017 Comparable Revenue Broadly Flat
October 31 2017 - 3:59AM
Dow Jones News
By Ian Walker
WPP PLC (WPP.LN) reported Tuesday a 1.1% rise in turnover for
the third quarter of the year, and said it expects like-for-like
revenue and net sales growth to be broadly flat for the year as a
whole.
The world's largest advertising group said net like-for-like
sales--a measure used to judge the company's underlying
performance--in the quarter fell 1.1%, compared with a fall of 0.5%
in the first half.
The U.K.-based company, whose agencies include J. Walter
Thompson and Mindshare, said it won $2.12 billion of new business
in the quarter, taking the total for the nine months as a whole to
$6.36 billion.
WPP's reported operating margin rose 0.1 points in the quarter,
and were flat on a constant currency basis. It expects operating
margin to be broadly flat on a constant currency basis for the
year.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
October 31, 2017 03:44 ET (07:44 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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