Q2 22 was strong with organic net revenue growth of +8.3%. The US activities were a strong growth driver, while the Chinese lockdowns affected the overall performance. In H1 22, the headline operating margin declined (-0.5pt to 11.6% of net revenue) due to wage inflation and the use of freelancers for which wage increases exceeded those of internal staff. 2022 guidance was revised upwards at the top line (organic growth of +6-7%) and unchanged for the headline operating margin.
05 Aug 2022
Good organic growth, margin improvement maintained for 2022
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Good organic growth, margin improvement maintained for 2022
WPP Plc (WPP:LON) | 802 57.8 0.9% | Mkt Cap: 8,655m
- Published:
05 Aug 2022 -
Author:
Hélène Coumes -
Pages:
3
Q2 22 was strong with organic net revenue growth of +8.3%. The US activities were a strong growth driver, while the Chinese lockdowns affected the overall performance. In H1 22, the headline operating margin declined (-0.5pt to 11.6% of net revenue) due to wage inflation and the use of freelancers for which wage increases exceeded those of internal staff. 2022 guidance was revised upwards at the top line (organic growth of +6-7%) and unchanged for the headline operating margin.