WPP reports 4% rise in revenues to £2.4bn
By John Reynolds, mediaweek.co.uk, Friday, 27 April 2012 10:04AM
WPP has reported a 4% uplift in underlying revenues to £2.4bn in the first quarter, but the UK has been hit by slower growth from its direct and digital marketing operations, the company's financial figures reveal today (27 April).
The world's largest marketing service group said its advertising and media investment management unit, home to Ogilvy, JWT, MediaCom, performed strongly and grew 6.2% to £973m in the quarter.
WPP said new business wins totalled £1.159bn in the quarter, compared to £845m in the previous quarter.
Flagship media agency GroupM,the group investment management company which includes Mindshare, MEC, MediaCom, Maxuis and GroupM, generated new business of £629m in the period.
WPP said 28.5% of WPP’s revenues came from Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe.
Across Western Europe, like-for-like revenues grew 2.5%
Follow John Reynolds on Twitter @johnreynolds10
This article was first published on mediaweek.co.uk
- Senior copywriter story uk limited Negotiable depending on experience, Edinburgh
- Senior Marketing Manager Cutis Developments £50,000 - £60,000 per annum , Victoria, London (Greater)
- Marketing Executive Ball & Hoolahan £24,000 per annum, London (Central), London (Greater)
- Senior Brand Manager Ball & Hoolahan £50,000 + Car/Car Allowance, London (Central), London (Greater)
- Account Director, maternity contract - high end creative for fashion, retail, luxury Story Recruitment £45-50k dependent on experience, London (Central), London (Greater)
- What the end of Page 3 means for advertising
- Havas partners with Facebook's Atlas for multi-device ad targeting
- Daily Mirror publishes its own tits on Page 3
- 'This girl can' tops Campaign Viral Chart
- John Brown Media appoints Rebekah Billingsley to head of digital and content strategy role
- 'You don't have to explain yourself if you are getting the job done,' says Tracy De Groose on work and motherhood