logo
Plus   Neg
Share
Email

WPP Plc Q1 LFL Revenue Down 1.3%; 2019 Guidance Unchanged - Quick Facts

WPP plc (WPP.L,WPPGY) reported that its first-quarter revenue was 3.59 billion pounds, up 0.9% compared with the same period last year on a reported basis and down 0.6% on a constant currency basis. Like-for-like revenue was down 1.3% compared with last year.

For the first-quarter, revenue less pass-through costs were 2.93 billion pounds, down 0.7% on a reported basis, down 2.3% in constant currency and down 2.8% like-for-like.

Mark Read, CEO, WPP said: "We continue to make good progress in implementing our three-year strategy to return WPP to sustainable growth. As anticipated, our first quarter trading update reflects the impact of certain significant client losses in 2018, in particular in the United States."

For 2019, the Group continues to project like-for-like revenue less pass-through costs down 1.5% to 2.0%, with stronger headwinds in the first half.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Snap Inc. (SNAP) Tuesday reported a narrower loss for the second quarter that also was better than Wall Street's expectations, as revenues surged on strong user growth. The company issued a strong revenue guidance for the current quarter, sending its shares up 10 percent in after-hours trade. California-based... Shares of Texas Instruments Inc. (TXN) gained over 6% in extended trading session on Tuesday after the analog chip maker reported a second-quarter profit and revenue that trumped analysts' expectations. The company also issued a strong financial outlook for the third quarter. Dallas, Texas-based Texas... Justin Sun, the entrepreneur who founded the cryptocurrency platform TRON, has postponed his charity lunch with billionaire investor Warren Buffett due to ill health. "TRON Foundation announces postponement of Warren Buffett lunch, press conferences after founder Justin Sun falls ill with kidney stones....
Follow RTT