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

WPP GROUP

(WPP)
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WPP PLC : Mindshare to acquire MASSCOM media agency in Philippines

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12/20/2013 | 05:11am EDT
20 December, 2013
WPP announces that its wholly owned operating company, Mindshare, a global media agency network, has agreed to acquire the business and assets of Media Arts System and Services Company, Inc. ("MASSCOM") in the Philippines.

MASSCOM was established in 1986 as an independent media agency, serving Unilever exclusively in the Philippines. MASSCOM provides media planning, strategy and buying services to Unilever, the global fast-moving consumer goods company and a top advertiser in the Philippines.

This acquisition marks a further step towards WPP's declared goal of developing its networks in fast-growth markets and sectors. In the Philippines, WPP companies (including associates) generate revenues of over US$80 million and employ approximately 1,000 people. In the Asia Pacific region, WPP companies (including associates) generate revenues of US$5 billion and employ more than 47,000 people. WPP recently raised its targets from 35-40% for each of fast-growth markets and new media to at least 40-45%, over the next five years.

Contact
Feona McEwan, WPP London
+ 44(0) 207 408 2204

Belinda Rabano, WPP Beijing
+ 86 1360 107 8488

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Financials (GBP)
Sales 2019 15 629 M
EBIT 2019 1 916 M
Net income 2019 1 051 M
Debt 2019 4 099 M
Yield 2019 6,56%
P/E ratio 2019 11,5x
P/E ratio 2020 11,0x
EV / Sales2019 0,99x
EV / Sales2020 1,08x
Capitalization 11 433 M
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 1 079,44  GBp
Last Close Price 916,80  GBp
Spread / Highest target 65,8%
Spread / Average Target 17,7%
Spread / Lowest Target -21,5%
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
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