WPP : FY 2020 results in line and an encouraging start to the year
>A very attractive stock to benefit from the rebound in 2021 - Yesterday WPP published results a shade above forecasts (EBIT of £ 1,261m vs £ 1,272m expected). The group reiterated its 2021 guidance which notably included growth of around 5%. Our expectations are broadly unchanged following this release, and we reiterate our organic growth estimate of 6% in 2021. Moreover, we have identified two possible catalysts for WPP: 1/ a welcome surprise on the margin out to 20...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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