WPP reported solid FY16 results, in line with our expectations, with reported revenues (including the full impact of digital billings, i.e. linked to acquiring digital media space on its own account) up 17.6% to £14,389m (AV was £41,441m). This was after +4.2% from acquisitions, +10.8% from forex (sterling weakness; only c.15% of revenues in the UK) and +3% organic growth. Net sales (after direct costs, i.e. a better indicator for underlying performance, although not used by compe
03 Mar 2017
A more cautious picture going forward...
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
A more cautious picture going forward...
WPP Plc (WPP:LON) | 770 58.5 1.0% | Mkt Cap: 8,305m
- Published:
03 Mar 2017 -
Author:
Véronique Cabioc'h -
Pages:
4
WPP reported solid FY16 results, in line with our expectations, with reported revenues (including the full impact of digital billings, i.e. linked to acquiring digital media space on its own account) up 17.6% to £14,389m (AV was £41,441m). This was after +4.2% from acquisitions, +10.8% from forex (sterling weakness; only c.15% of revenues in the UK) and +3% organic growth. Net sales (after direct costs, i.e. a better indicator for underlying performance, although not used by compe