WPP : Growth slightly ahead of expectations but interim and annual profitability in line
>Neutral rating reiterated - On Friday 5 August, WPP published interim results a shade above expectations notably thanks to Q2 organic growth of 8.2% whereas we were forecasting +6% and the consensus 7%. WPP posted a performance below the industry average in Q2 (+10.3%). The group delivered a confident message on H2 2022 in line with that of other agencies and lifted its growth guidance (but not margin). The Q2 performance was slightly better than expected but below ...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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