WPP (WPP)

Sector:

Media

Index:

FTSE 100

751.20p
   
  • Change Today:
      11.40p
  • 52 Week High: 967.20
  • 52 Week Low: 681.20
  • Currency: UK Pounds
  • Shares Issued: 1,074.84m
  • Volume: 286,077
  • Market Cap: £8,074m
  • RiskGrade: 162

WPP makes 'strong start' to FY, raises LFL revenue guidance

By Iain Gilbert

Date: Wednesday 27 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Communications group WPP has made a "strong start to the year", with like-for-like revenue guidance being raised from 5% to 5.5-6.5% amid continued investment into growth.
WPP said on Wednesday that first-quarter revenues were £3.09bn, up 6.7% on a reported basis and 8.1% on a like-for-like basis, while revenues less pass-through costs were 10.3% higher on a reported basis at £2.57bn.

The FTSE 100-listed firm stated its Q1 performance had validated its continued investment in expanding its offering to drive long-term growth through platforms such as Choreograph in data, Finecast in connected TV, and its newly launched Everymile offering in D2C commerce.

WPP, which secured $1.8bn in net new business from clients like Mars and Sky during the quarter, also noted that it had spent £405.0m on share purchases in the first quarter, £362.0m of which were share buybacks and £43.0m were purchases into the employee benefit trust.

Chief executive Mark read said: "The year has started very well with continued momentum from 2021 resulting in strong growth across all businesses and regions. Demand is strong for our services, particularly in digital media, ecommerce, data, and marketing technology.

"As a result of a strong first quarter, we now expect our growth to be in the range of 5.5% to 6.5%, up from around 5% at the start of the year. We remain very mindful of the impact of the broader macroeconomic environment on our business and will respond quickly to any changes as the year progresses."

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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 751.20p
Change Today 11.40p
% Change 1.54 %
52 Week High 967.20
52 Week Low 681.20
Volume 286,077
Shares Issued 1,074.84m
Market Cap £8,074m
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
12:51 74 @ 751.20p
12:51 39 @ 751.20p
12:51 237 @ 751.20p
12:50 235 @ 751.20p
12:50 998 @ 751.20p

WPP Key Personnel

CEO Mark Read
CFO Joanne Wilson

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