WPP : Cautious guidance for 2024 pending a possible acceleration in H2
>2023 publication and no surprises in the guidance - WPP held a conference call in the wake of the publication of its 2023 results. The group had already published its key indicators during the CMD on 30 January. Management confirmed its guidance for growth of between 0% and 1% in 2024 and a 20-40bp improvement in the margin at constant currency (cc). We are a shade more optimistic for 2024 with a forecast for organic growth of 1.2%. We think it likely that the TMT se...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.
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.
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