WPP (WPP)

Sector:

Media

Index:

FTSE 100

750.20p
   
  • Change Today:
      10.40p
  • 52 Week High: 967.20
  • 52 Week Low: 681.20
  • Currency: UK Pounds
  • Shares Issued: 1,074.84m
  • Volume: 150,524
  • Market Cap: £8,063m
  • RiskGrade: 162

WPP lifts full-year guidance after 'very strong' Q3

By Michele Maatouk

Date: Thursday 28 Oct 2021

LONDON (ShareCast) - (Sharecast News) - WPP upgraded its guidance for 2021 on Thursday as it hailed a "very strong" third-quarter performance.
The advertising giant said third-quarter like-for-like revenues less pass-through costs - its core metric - rose 15.7% year-on-year to £2.6bn. Analysts had been expecting a 9.4% jump. Compared with Q3 2019, they were up 6.9%.

WPP said that for 2021 it now expects growth of 11.5% to 12% for LFL revenue less pass-through costs, up from previous guidance of between 9% and 10%. Meanwhile, the headline operating margin is seen slightly above 14%, compared to a previous forecast for it to be towards the upper end of the range of 13.5% to 14%.

Chief executive officer Mark Read said the group's "very strong performance goes well beyond a cyclical recovery".

"Clients across all sectors and geographies are making significant investments in marketing, particularly in digital media and ecommerce services. We are now above 2019 levels in all of our business lines, and with the actions we have taken over the last three years, we are even better positioned for growth.

"Our reshaped offer - which combines creativity with technology and data, through Choreograph, with the largest global media platform in GroupM - is proving its value for existing and new clients. This is reflected in the continuation of our longstanding and successful partnership with Unilever, and the growth of our relationship with Bayer. In addition, we are delighted to have won new assignments with Beiersdorf, L'Oréal, Sainsbury's and TD Bank."

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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 750.20p
Change Today 10.40p
% Change 1.41 %
52 Week High 967.20
52 Week Low 681.20
Volume 150,524
Shares Issued 1,074.84m
Market Cap £8,063m
RiskGrade 162

WPP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.71% above the market average79.71% above the market average79.71% above the market average79.71% above the market average79.71% above the market average
90.91% above the sector average90.91% above the sector average90.91% above the sector average90.91% above the sector average90.91% above the sector average
Price Trend
21.71% below the market average21.71% below the market average21.71% below the market average21.71% below the market average21.71% below the market average
2.13% below the sector average2.13% below the sector average2.13% below the sector average2.13% below the sector average2.13% below the sector average
Income
39.65% above the market average39.65% above the market average39.65% above the market average39.65% above the market average39.65% above the market average
57.89% above the sector average57.89% above the sector average57.89% above the sector average57.89% above the sector average57.89% above the sector average
Growth
95.04% below the market average95.04% below the market average95.04% below the market average95.04% below the market average95.04% below the market average
90.91% below the sector average90.91% below the sector average90.91% below the sector average90.91% below the sector average90.91% below the sector average

What The Brokers Say

Strong Buy 2
Buy 4
Neutral 8
Sell 2
Strong Sell 2
Total 18
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
  Final Interim
Ex-Div 06-Jun-24 12-Oct-23
Paid 05-Jul-24 03-Nov-23
Amount 24.40p 15.00p

Trades for 28-Mar-2024

Time Volume / Share Price
10:39 1,011 @ 750.27p
10:39 75 @ 750.20p
10:39 25 @ 750.20p
10:35 221 @ 750.60p
10:35 43 @ 750.60p

WPP Key Personnel

CEO Mark Read
CFO Joanne Wilson

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