WPP quarterly results show 12 per cent revenue growth

WPP has announced third quarter results showing like-for-like revenue growth has risen by 7.5 per cent and its reported revenues by over 12 per cent.

In the three months ending 30 September, UK revenue growth has risen by 7.4 per cent, ahead of Western continental Europe in general, which has reported a 2.6 per cent revenue growth.

The UK reached just 5.1 per cent growth in quarter two and 0.1 per cent in quarter one.

The international like-for-like revenue growth follows flat revenues in quarter one and a 4.7 per cent growth in quarter two marking a sequential monthly improvement.

Globally branding and identity, healthcare and specialist communications has experienced a 5.2 per cent growth over the quarter.

WPP’s US reported revenue results are up 9.9 per cent in the third quarter and Asia Pacific, Latin America, Africa, the Middle East, Central and Eastern Europe are up 8.3 per cent collectively over the same period, but the Middle East as a sub-region has reported revenues are down.

Across all regions new business wins in the first nine months of this year have accounted for £2.994bn of billings, which WPP says are up more than 50 per cent on last year’s performance at this point in the year.

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