Q3 18 was indeed a poor quarter. Net organic revenue decreased significantly, -1.5%, while a stabilisation was expected. WPP was affected by a deterioration in its activities in North America and the UK essentially. 2018 guidance is revised downwards. Lastly, management has decided to dispose of a majority stake in Kantar.
25 Oct 2018
Impact of lost contracts, spending cuts at customers
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Impact of lost contracts, spending cuts at customers
WPP Plc (WPP:LON) | 777 21.8 0.4% | Mkt Cap: 8,384m
- Published:
25 Oct 2018 -
Author:
Hélène Coumes -
Pages:
3
Q3 18 was indeed a poor quarter. Net organic revenue decreased significantly, -1.5%, while a stabilisation was expected. WPP was affected by a deterioration in its activities in North America and the UK essentially. 2018 guidance is revised downwards. Lastly, management has decided to dispose of a majority stake in Kantar.