WPP (WPP)

Sector:

Media

Index:

FTSE 100

846.20p
   
  • Change Today:
    -6.80p
  • 52 Week High: 859.00
  • 52 Week Low: 678.80
  • Currency: UK Pounds
  • Shares Issued: 1,078.55m
  • Volume: 2,316,699
  • Market Cap: £9,127m
  • RiskGrade: 162
  • Beta: 1.08

WPP reiterates guidance, says Kantar sale progressing as expected

By Iain Gilbert

Date: Wednesday 12 Jun 2019

LONDON (ShareCast) - (Sharecast News) - WPP reiterated its financial guidance for 2019 and for the medium-term and told investors that the sale of a majority stake in its Kantar unit was progressing in line with the company's expectations.
Speaking at the group's annual general meeting on Wednesday, after a year of "significant change" for the group, chairman Roberto Quarta said that under the leadership of its new chief executive, Mark Read, the team had moved "rapidly and decisively" to implement its new strategy and to position it for "future success".

Read joined the FTSE 100-listed advertising and public relations company last April, after longtime CEO Martin Sorrell left WPP following allegations of personal misconduct and the misuse of company assets

"We have been pleased by how well the plan has been received among investors, clients and partners. Critically, there is also strong backing for the company's direction and leadership among our own people," said Quarta.

Looking forward, WPP kept its 2019 guidance unchanged, with like-for-like revenue less pass-through costs set to drop 1.5% to 2.0% amid stronger headwinds in the first half as a result of client assignment losses in the latter part of 2018.

WPP also expected headline operating margin-to-revenue less pass-through costs to be down around a single margin point on a constant currency basis, excluding the impact of IFRS 16.

By the end of 2021, WPP hopes to achieve organic growth in line with its peers, a headline operating margin of at least 15% and free cash flow conversion of 80-90%.

Discussing the group's transformation, Read said: "In December we set out our vision for the future of WPP, and we continue to make progress in delivering our plan to return the company to sustainable growth over the next three years. Our financial guidance for the full year is unchanged."

As of 1240 BST, WPP shares had ticked up 0.05% to 1,003.50p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

WPP Market Data

Currency UK Pounds
Share Price 846.20p
Change Today -6.80p
% Change -0.80 %
52 Week High 859.00
52 Week Low 678.80
Volume 2,316,699
Shares Issued 1,078.55m
Market Cap £9,127m
Beta 1.08
RiskGrade 162

WPP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.77% above the market average69.77% above the market average69.77% above the market average69.77% above the market average69.77% above the market average
47.83% above the sector average47.83% above the sector average47.83% above the sector average47.83% above the sector average47.83% above the sector average
Price Trend
46.31% above the market average46.31% above the market average46.31% above the market average46.31% above the market average46.31% above the market average
34.78% above the sector average34.78% above the sector average34.78% above the sector average34.78% above the sector average34.78% above the sector average
Income
15.05% above the market average15.05% above the market average15.05% above the market average15.05% above the market average15.05% above the market average
15.79% above the sector average15.79% above the sector average15.79% above the sector average15.79% above the sector average15.79% above the sector average
Growth
95.3% below the market average95.3% below the market average95.3% below the market average95.3% below the market average95.3% below the market average
95.24% below the sector average95.24% below the sector average95.24% below the sector average95.24% below the sector average95.24% below the sector average

What The Brokers Say

Strong Buy 4
Buy 2
Neutral 7
Sell 2
Strong Sell 2
Total 17
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

WPP Dividends

  Latest Previous
  Interim Final
Ex-Div 10-Oct-24 06-Jun-24
Paid 01-Nov-24 05-Jul-24
Amount 15.00p 24.40p

Trades for 08-Nov-2024

Time Volume / Share Price
16:38 2,210 @ 846.20p
16:38 2,210 @ 846.20p
16:38 2,210 @ 846.20p
16:38 3,884 @ 846.20p
16:35 69,692 @ 846.20p

WPP Key Personnel

CEO Mark Read
CFO Joanne Wilson

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