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WPP Q1 Revenues Up - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

WPP Plc (WPPGY,WPP.L), in its trading update, said its first-quarter revenues rose 5.9 percent from last year, with a like-for-like growth of 2.1 percent.

Quarterly reported revenues increased to 2.532 billion pounds from 2.392 billion pounds in the previous year. At constant exchange rates, revenues grew 5.1 percent.

In other major currencies reported revenues increased 4 percent to $3.917 billion and was up 3.6 percent at 2.970 billion euros.

The group said that profits and operating margins in the quarter were above budget and well ahead of last year, in line with a full year forecast.

The advertising firm still expects like-for-like revenue and gross margin growth of around 3 percent and operating margin improvement of 0.5 margin points for the full year.

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