WPP : Strong momentum and increased investments
>Better-than-expected momentum but limited impact on our valuation - WPP yesterday reported 2022 results that were in line with our expectations and consensus estimates. The group confirmed the good market momentum for 2023 and issued a positive message on the operating margin this year and also in the medium term. The group guided to organic growth similar to that of Publicis and Omnicom. We are now at the lower end/midpoint of the guidance range, as for Publicis, gi...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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