WPP reported H1 15 results roughly in line with expectations, highlighting a solid performance in July (net sales up 3.7% organically) and reiterating its full-year guidance (>+3% organic net sales growth and +30bp operating margin improvement). H2 is still expected to be stronger, partly due to a more favourable basis of comparison (tough year-to-date as H1 14 was +4.1%; H2 14 was +2.6%), a positive as H2 traditionally generates about 2/3rds of the full-year OP. The interim dividend was r

27 Aug 2015
So far very honourably going through another demanding year

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So far very honourably going through another demanding year
WPP Plc (WPP:LON) | 399 5.6 0.4% | Mkt Cap: 4,301m
- Published:
27 Aug 2015 -
Author:
Véronique Cabioc'h -
Pages:
3 -
WPP reported H1 15 results roughly in line with expectations, highlighting a solid performance in July (net sales up 3.7% organically) and reiterating its full-year guidance (>+3% organic net sales growth and +30bp operating margin improvement). H2 is still expected to be stronger, partly due to a more favourable basis of comparison (tough year-to-date as H1 14 was +4.1%; H2 14 was +2.6%), a positive as H2 traditionally generates about 2/3rds of the full-year OP. The interim dividend was r