WPP : Very limited visibility in Q4 and in 2019
>Poor visibility and lacklustre momentum - WPP yesterday held its conference call in the wake of the publication of its Q3 gross margin (-1.5% on an organic basis). Management delivered a cautious message insisting on the lack of visibility for year-end and 2019. The group has lost several major contracts in recent weeks, including Ford (-150bp on growth in 2019), Daimler, United Airlines and Amex, which should weigh on growth (the main gain is Mars' media account). T...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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