Home Stock & Shares Sales growth lifts WPP shares

Sales growth lifts WPP shares

by Jonathan Adams

WPP PLC, the world’s largest marketing company by revenue, Wednesday posted growth in second-quarter sales, sending its shares up more than 5%.

Comparable net sales, a closely watched measure in the advertising industry that strips out acquisitions, disposals and currency effects, rose 4.3%, beating analyst expectations.

That result put it at the top of its peer group that includes Omnicom Group Inc. and Publicis Groupe SA.

Reported revenue climbed 13% to £3.46 billion from the same period a year earlier, boosted by western continental Europe and emerging markets.

The London-based company, the owner of agencies including Grey and Ogilvy & Mather, confirmed its financial targets for 2016, including comparable net sales growth of well over 3% after a strong first half.

This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Related News

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Know more