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

WPP PLC

(WPP)
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Delayed Quote. Delayed London Stock Exchange - 10/30 12:35:17 pm
616.6 GBX   +2.80%
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WPP : 2Q Like-for-Like Net Sales Fell 15%; Swung to 1st Half Pretax Loss

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08/27/2020 | 03:19am EDT

By Adria Calatayud

 

WPP PLC said Thursday that like-for-like net sales fell 15% in the second quarter as cost-conscious clients tightened their advertising budgets, and swung to a first-half pretax loss on coronavirus-related charges.

The world's largest advertising group said like-for-like net sales fell 9.2% on year.

Full-year like-for-like net sales and headline operating margin are expected to be within the range of analysts' expectations, the company said. Analysts currently expect WPP's like-for-like net sales to fall between 10% and 11.5% in and its headline operating margin to be between 10.4% and 12.5%, according to figures provided by the company.

London-based WPP said the coronavirus pandemic triggered a reassessment of the value of acquisitions. As a result, it booked impairment charges of 2.7 billion pounds ($3.57 billion).

For the first half as a whole, the company reported a pretax loss of GBP2.58 billion compared with a profit of GBP409.0 million in the year-earlier period.

Revenue for the half year fell 12% to GBP5.58 billion, WPP said.

WPP declared an interim dividend of 10 pence a share, down from 22.7 pence a share last year, and said its share buyback is still under review. The company said it intends to restart share repurchases when the environment stabilizes.

 

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

 


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Financials
Sales 2020 9 688 M 12 545 M 12 545 M
Net income 2020 -2 084 M -2 698 M -2 698 M
Net Debt 2020 1 766 M 2 286 M 2 286 M
P/E ratio 2020 -3,74x
Yield 2020 4,50%
Capitalization 7 499 M 9 715 M 9 710 M
EV / Sales 2020 0,96x
EV / Sales 2021 0,90x
Nbr of Employees 101 000
Free-Float 93,7%
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Technical analysis trends WPP PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 763,18 GBX
Last Close Price 616,60 GBX
Spread / Highest target 111%
Spread / Average Target 23,8%
Spread / Lowest Target -29,2%
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 Chief Financial Officer & Director
Stephan Pretorius Chief Technology Officer
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