Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

WPP GROUP

(WPP)
  Report  
Delayed Quote. Delayed London Stock Exchange - 06/25 11:35:18 am
972 GBp   +0.35%
06/24WPP : Sorrell's digital future
AQ
06/21WPP : Sale of the Farm Group
PU
06/21WPP : Sells The Farm Group to Picture Shop
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

WPP : shortlists final bidders for Kantar - sources

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/16/2019 | 02:12pm EDT
FILE PHOTO: An usher holds a baton to guide attendees towards the AGM of advertising agency WPP in London, Britain

LONDON (Reuters) - WPP has shortlisted a series of U.S. buyout funds to submit binding bids for a majority stake in its data analytics unit Kantar as it wants to finalise the sale in late June, four sources familiar with the matter told Reuters.

Private equity firms Bain Capital, Apollo and Platinum have made it through to the final stages of the auction along with a fourth undisclosed bidder, the sources said.

The world's biggest advertising company held management presentations with the bidders on May 15, one of the sources said, and aims to wrap up the process towards the end of June.

Private equity investors have about four weeks to carry out in-depths checks on Kantar before submitting their final bids, this source said.

WPP declined to comment while Bain, Apollo and Platinum were not immediately available.

The auction, led by Goldman Sachs, kicked off last year drawing interest from a broad spectrum of financial investors including European private equity houses CVC Capital Partners and Permira.

Kantar generates about 15% of WPP's overall sales and provides brand and marketing communications research for some of the world's largest advertisers.

The business is valued at about 3.5 billion pounds, representing a multiple of seven to nine times its earnings before interest, tax, depreciation and amortization (EBITDA) of $550 million, two of the sources said.

Some investors have expressed concern over Kantar's business model which is being challenged by disruptive digital technologies.

The unit's underlying sales slipped 2 percent last year to 2.6 billion pounds with operating profits down 14 percent to 301 million.

The business has also traditionally weighed on the company's overall organic growth rates, a key measurement for the industry.

WPP new boss Mark Read has identified a Kantar sale as one way to bring in cash and help steer WPP back to growth.

While clients need access to data and customer insight, WPP does not need to own it outright, he believes.

Last year he pledged to spend 300 million pounds to restructure the group and bring it back in line with peers by the end of 2021.

(Editing by Alexandra Hudson)

By Pamela Barbaglia and Kate Holton

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WPP GROUP
06/24DOJ : 'Whistleblowers' in WellMed case seeking provisional state protection
AQ
06/24WPP : Sorrell's digital future
AQ
06/22WPP : Latest Wind Power Tender in Turkey
AQ
06/21WPP : Sale of the Farm Group
PU
06/21WPP : Sells The Farm Group to Picture Shop
DJ
06/19WPP : Sorrell hits out at WPP as 'not fit for purpose'
AQ
06/19Social giants and advertisers join forces to tackle online harms
AQ
06/18WPP : plugs into new audio tie-up with iHeartmedia
AQ
06/18Advertisers, agencies and social media combine to tackle online threat
RE
06/18Big Advertisers and Social Media Form Alliance to Fight 'Unsafe' Content Onli..
DJ
More news
Financials (GBP)
Sales 2019 12 701 M
EBIT 2019 1 854 M
Net income 2019 1 111 M
Debt 2019 4 068 M
Yield 2019 6,16%
P/E ratio 2019 11,02
P/E ratio 2020 10,87
EV / Sales 2019 1,28x
EV / Sales 2020 1,25x
Capitalization 12 223 M
Chart WPP GROUP
Duration : Period :
WPP Group Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends WPP GROUP
Short TermMid-TermLong Term
TrendsNeutralBullishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 10,7  GBP
Spread / Average Target 10%
EPS Revisions
Managers
NameTitle
Mark Julian Read Chief Executive Officer & Executive Director
Roberto Quarta Non-Executive Chairman
Andrew Grant Balfour Scott Chief Operating Officer
Paul W. G. Richardson Executive Director & Group Finance Director
Stephan Pretorius Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
WPP GROUP14.81%15 362
OMNICOM GROUP11.13%17 023
PUBLICIS GROUPE-5.45%13 019
INTERPUBLIC GROUP9.55%8 310
HAKUHODO DY HOLDINGS INCORPORATED18.96%6 193
JCDECAUX8.24%6 102