WPP has just reported H1 17 revenue figures (including the full impact of digital billings, i.e. linked to acquiring digital media space on its own account) which were up 13.3% to £7,404m, a 0.3% organic decline (was 4.3% in H1 16) offset by an 11.4% positive impact from forex and +2.2% from acquisitions. Net sales were down 0.5% organically (were +0.8% over Q1), implying a tough Q2: July was bad with net sales down 2.6% organically, below internal budget (cumulative organic net sales g
23 Aug 2017
Weak trends seen across the advertising industry
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Weak trends seen across the advertising industry
WPP Plc (WPP:LON) | 758 134.9 2.4% | Mkt Cap: 8,145m
- Published:
23 Aug 2017 -
Author:
Véronique Cabioc'h -
Pages:
3
WPP has just reported H1 17 revenue figures (including the full impact of digital billings, i.e. linked to acquiring digital media space on its own account) which were up 13.3% to £7,404m, a 0.3% organic decline (was 4.3% in H1 16) offset by an 11.4% positive impact from forex and +2.2% from acquisitions. Net sales were down 0.5% organically (were +0.8% over Q1), implying a tough Q2: July was bad with net sales down 2.6% organically, below internal budget (cumulative organic net sales g