Although 2018 was a poor year, the decline of organic net revenue (-0.4%) and the decrease in the ‘headline’ operating margin (-1.1pt) were in line with guidance which was reassuring. A positive turnaround is not awaited in 2019 as WPP is expecting a decrease in organic net revenue (-1.5-2%) and lower ‘headline’ operating margin (-1pt) on constant currency and excluding the impact of IFRS16.
01 Mar 2019
Mitigated guidance for 2019
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Mitigated guidance for 2019
WPP Plc (WPP:LON) | 789 -118.3 (-1.9%) | Mkt Cap: 8,509m
- Published:
01 Mar 2019 -
Author:
Hélène Coumes -
Pages:
3
Although 2018 was a poor year, the decline of organic net revenue (-0.4%) and the decrease in the ‘headline’ operating margin (-1.1pt) were in line with guidance which was reassuring. A positive turnaround is not awaited in 2019 as WPP is expecting a decrease in organic net revenue (-1.5-2%) and lower ‘headline’ operating margin (-1pt) on constant currency and excluding the impact of IFRS16.