WPP : Contraction in the margin and slight rebound in organic growth
>PBIT topped expectations. Acceleration in the pace of organic growth in Q2 - WPP this morning reported interim results a shade below our estimates at the operating profit level (£ 821m vs £ 847m forecast). The group nonetheless posted organic growth in Q2, accelerating to +0.7% whereas we looked for growth of -0.1% (and the consensus 0.2%). This discrepancy in profitability is due to investments in the group’s reorganisation and new offers (digital). Moreover, Mark R...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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