WPP First Quarter Trading Update
WPP plc American Depositary Shares (WPP)
US:NYSE Investor Relations:
wpp.com/wpp/investor/financialnews
Company Research
Source: Business Wire
Good performance to February; March impact of COVID-19 as expected; strong liquidity position supported by substantial actions on cost and cash flow NEW YORK & LONDON--(BUSINESS WIRE)--WPP (NYSE: WPP) today reported its 2020 First Quarter Trading Update.Note: all numbers relate to continuing operations unless otherwise statedQ1 revenue -4.9%; LFL1 revenue -3.8%Q1 LFL revenue less pass-through costs -3.3%, with impact of COVID-19 felt more strongly in March, at -7.9%, as expectedTop five markets Q1 LFL revenue less pass-through costs: US -1.9% (March -3.7%); UK -4.2% (March -9.8%); Germany -4.3% (March -14.9%); Greater China -21.3% (March -29.9%); India 6.1% (March -1.1%)China: offices back to around 90% occupancy, rapid recovery in economic activityEncouraging net new business performance: $1 billion won in first quarterStrong liquidity and balance sheet: average net debt £2.1 billion, down £2.1 billion year-on-year, with £4.4 billion of cash and undrawn facilitiesSubstantial acti
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WPP
Sec Filings
- 5/8/24 - Form 6-K
- 5/2/24 - Form 6-K
- 5/1/24 - Form 6-K
- WPP's page on the SEC website