WPP reported a poor 9 month trading statement with a reduced FY17e guidance. Q3 revenue (including the full impact of digital billings, i.e. linked to acquiring digital media space on its own account) were up 1.1% to £3,649m and down 2% organically while net sales declined by 1.1% organically (after H1 17 at -0.5%), mainly impacted by North America declining by 5.1%. For the 9-month period, consolidated revenues decreased by 0.9% organically. Note that this has to be read against a toug
31 Oct 2017
Still a tough Q3 with clients' spending under pressure...
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Still a tough Q3 with clients' spending under pressure...
WPP Plc (WPP:LON) | 801 97.8 1.5% | Mkt Cap: 8,644m
- Published:
31 Oct 2017 -
Author:
Véronique Cabioc'h -
Pages:
3
WPP reported a poor 9 month trading statement with a reduced FY17e guidance. Q3 revenue (including the full impact of digital billings, i.e. linked to acquiring digital media space on its own account) were up 1.1% to £3,649m and down 2% organically while net sales declined by 1.1% organically (after H1 17 at -0.5%), mainly impacted by North America declining by 5.1%. For the 9-month period, consolidated revenues decreased by 0.9% organically. Note that this has to be read against a toug