WPP : A very good Q3 confirming favourable momentum on WPP
>Q3 beat our forecasts, a positive message on Q4 - WPP yesterday published its gross margin for Q3 with organic growth of 16%, whereas we were forecasting 9% and the consensus 7.7%. This was therefore a very good quarter and WPP continues to gain market share from the majority of its competitors. The group held a conference call following the publication. Management delivered a slightly more optimistic message on the end of the year than either Publicis or Omnicom. In...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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