In 2020, the decrease in organic net revenue (-8.2%) and the headline operating margin (14.9% of net revenue) were in line with guidance. The reported losses were due to huge impairment charges related to old acquisitions whose carrying values had to be reassessed. The return to organic growth is expected as from Q2 21 on the back of the better economic outlook and the development in digital advertising. The headline operating margin is expected to be 13.5-14% of net revenue in 2021.
11 Mar 2021
In line with guidance, back to organic growth in Q2 21
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In line with guidance, back to organic growth in Q2 21
WPP Plc (WPP:LON) | 757 0 0.0% | Mkt Cap: 8,135m
- Published:
11 Mar 2021 -
Author:
Hélène Coumes -
Pages:
3
In 2020, the decrease in organic net revenue (-8.2%) and the headline operating margin (14.9% of net revenue) were in line with guidance. The reported losses were due to huge impairment charges related to old acquisitions whose carrying values had to be reassessed. The return to organic growth is expected as from Q2 21 on the back of the better economic outlook and the development in digital advertising. The headline operating margin is expected to be 13.5-14% of net revenue in 2021.