Although organic net revenue growth improved in Q2 18 (+0.7%) vs Q1 18 (-0.1%), it was tempered by easier comparatives in Q2 vs Q1. Furthermore, the decline in the headline PBIT margin by 0.4pt of net revenue in H1 18 is representative of the year 2018, while a flat margin was expected previously. Finally, the best news was related to contract wins which reached $3.2bn since January 2018, slightly above $2bn net of major clients’ losses.
04 Sep 2018
Lower margin finally expected in 2018
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Lower margin finally expected in 2018
WPP Plc (WPP:LON) | 757 130.2 2.3% | Mkt Cap: 8,135m
- Published:
04 Sep 2018 -
Author:
Hélène Coumes -
Pages:
3
Although organic net revenue growth improved in Q2 18 (+0.7%) vs Q1 18 (-0.1%), it was tempered by easier comparatives in Q2 vs Q1. Furthermore, the decline in the headline PBIT margin by 0.4pt of net revenue in H1 18 is representative of the year 2018, while a flat margin was expected previously. Finally, the best news was related to contract wins which reached $3.2bn since January 2018, slightly above $2bn net of major clients’ losses.