WPP : Q2 2019 results ahead of expectations but visibility still limited
>Q2 better than expected - WPP reported on the morning of Friday, 9 August, interim results a shade above our estimates at the operating profit level (£ 751m vs £ 734m forecast by ODDO BHF). It then held his conference call. The group posted Q2 organic growth above our expectations at -1.4%, while we were expecting -2.4% (consensus at -2.8%). It confirmed all its 2019 guidance systems, in particular an organic decrease of between 1.5 and 2%. This led to a sequential i...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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