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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  WPP Group    WPP   JE00B8KF9B49

WPP GROUP

(WPP)
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Delayed Quote. Delayed London Stock Exchange - 03/27 12:36:57 pm
518 GBp   -8.51%
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WPP : Sees Flat Like-for-Like Net Sales in 2020 After 4Q Decline

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02/27/2020 | 02:32am EDT

By Adria Calatayud

 

WPP PLC said Thursday that it expects like-for-like net sales to be flat this year after posting a sharper-than-anticipated fall for the fourth quarter of 2019.

The London-based advertising giant said like-for-like net sales--a closely-watched measurement of its underlying operating performance--for the quarter returned to negative territory with a 1.9% decline after a 0.5% rise in the third quarter. Analysts had forecast a 0.8% decline for the fourth quarter, according to a consensus gathered by Vuma and based on seven analysts' forecasts.

WPP said like-for-like net sales fell 1.6% including its market-research unit Kantar.

For 2019 as a whole, like-for-like net sales fell 1.6%, or 1.2% including Kantar. This compares with WPP's guidance of a decline of between 1.5% and 2.0%.

The company said it expects an improvement in like-for-like net sales over 2020. Analysts expected a 0.4% increase for 2020, according to a Vuma-compiled consensus.

Pretax profit fell to 928.1 million pounds ($1.20 billion) from GBP1.26 billion on revenue that grew to GBP13.23 billion from GBP13.05 billion, WPP said. Net profit fell to GBP62.7 million, it said.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

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Financials (GBP)
Sales 2019 12 886 M
EBIT 2019 1 975 M
Net income 2019 1 035 M
Debt 2019 4 378 M
Yield 2019 11,5%
P/E ratio 2019 6,53x
P/E ratio 2020 7,95x
EV / Sales2019 0,83x
EV / Sales2020 0,86x
Capitalization 6 270 M
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Technical analysis trends WPP GROUP
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 921,62  GBp
Last Close Price 518,00  GBp
Spread / Highest target 193%
Spread / Average Target 77,9%
Spread / Lowest Target -13,1%
EPS Revisions
Managers
NameTitle
Mark Julian Read Chief Executive Officer & Executive Director
Roberto Quarta Non-Executive Chairman
Andrew Grant Balfour Scott Chief Operating Officer
John Terence Rogers Director & Chief Financial Officer-Designate
Stephan Pretorius Chief Technology Officer
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