Report
Jerôme Bodin

WPP : Q3 2024 slightly better than expected. Recovery should continue in 2025

>Neutral opinion reiterated - WPP released Q3 sales yesterday followed by a conference call. Organic growth came to 0.5% vs our forecast of -0.5% and the consensus estimate of around -0.1%. WPP is the fifth agency to report Q3 numbers. As expected, it continues to underperform Publicis but is doing better than Interpublic and Havas. The comparison base was fairly flattering for the group in Q3, since this was the most difficult quarter last year with a decline of 0.6%...
Underlying
WPP Plc

WPP is a holding company. Through its subsidiaries, Co. is a communications services organization providing national and multinational clients a range of communications services. Co. is organized into four operating segments: Advertising and Media Investment Management; Data Investment Management; Public Relations and Public Affairs; and Branding and Identity, Healthcare and Specialist Communications. This last reportable segment includes WPP Digital and direct, digital, promotional & relationship marketing.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jerôme Bodin

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