lonwpp
WPP PLC (LON:WPP)’s set revenue (which excludes fees WPP pays to other businesses as part of projects) rose 11.0% on a like-for-like basis, to £4.9bn. Operating profit, excluding restructuring and Covid-related costs, was 54.5% higher than 2020 at £590m. Q2 2021 hedge fund letters, conferences and more WPP said the market recovery has been much faster than expected, and full year guidance has been raised. Net revenue is now expected to rise 9%-10%, up from mid-single digits. The group expects to return to 2019 levels a year ahead of plan. FY2021 operating margins should be at the top end of th...
ValueWalk
“Relief oozes from these results as the bounce back has clearly begun in the ad world with mothballed projects dusted down and the squeeze on budgets eased. [soros] Q1 2021 hedge fund letters, conferences and more Turnaround For WPPWPP PLC (LON:WPP) (NYSE:WPP) shareholders had been braced for another decline in sales during the quarter but streams of revenue from existing business rose 3.1%. It marks a milestone in the turnaround for the world’s largest marketing business after the pain of the pandemic. It saw revenues fall in regions right across the world last year as firms hunkered down to ...
ValueWalk
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