10/23/2024 | Press release | Distributed by Public on 10/23/2024 04:23
Exhibit No.
|
Description
|
1
|
Third Quarter Trading Update dated23 October 2024, prepared by WPP plc.
|
Third quarter
|
£m
|
+/(-) % reported1
|
+/(-) %
LFL2
|
Revenue
|
3,558
|
1.4
|
4.1
|
Revenue less pass-through costs
|
2,765
|
(2.6)
|
0.5
|
Year to date
|
|||
Revenue
|
10,784
|
0.5
|
3.1
|
Revenue less pass-through costs
|
8,364
|
(3.3)
|
(0.5)
|
For further information:
|
||||
Media
|
Investors and analysts
|
|||
Chris Wade
|
+44 20 7282 4600
|
Tom Waldron
|
+44 7788 695864
|
|
Anthony Hamilton
|
+44 7464 532903
|
|||
Richard Oldworth,
Burson Buchanan
|
+44 7710 130 634
|
Caitlin Holt
|
+44 7392 280178
|
|
+44 20 7466 5000
|
||||
wpp.com/investors
|
|
Q3 2024
£m
|
%
reported
|
%
M&A
|
%
FX
|
%
LFL
|
Revenue
|
3,558
|
1.4
|
0.2
|
(2.9)
|
4.1
|
Revenue less pass-through costs
|
2,765
|
(2.6)
|
(0.2)
|
(2.9)
|
0.5
|
YTD 2024
£m
|
%
reported
|
%
M&A
|
%
FX
|
%
LFL
|
|
Revenue
|
10,784
|
0.5
|
0.4
|
(3.0)
|
3.1
|
Revenue less pass-through costs
|
8,364
|
(3.3)
|
0.1
|
(2.9)
|
(0.5)
|
% LFL +/(-)
|
Global
Integrated Agencies
|
Public Relations
|
Specialist Agencies
|
Q3 2024
|
0.5
|
0.2
|
0.8
|
YTD 2024
|
(0.3)
|
(0.5)
|
(2.9)
|
% LFL +/(-)
|
North America
|
United Kingdom
|
Western Continental Europe
|
Rest of World
|
Q3 2024
|
1.7
|
0.0
|
2.2
|
(2.2)
|
YTD 2024
|
(0.5)
|
(1.8)
|
1.9
|
(1.7)
|
% LFL +/(-)
|
USA
|
UK
|
Germany
|
China
|
India
|
Q3 2024
|
1.9
|
0.0
|
1.4
|
(21.3)
|
2.3
|
YTD 2024
|
(0.3)
|
(1.8)
|
(2.8)
|
(20.6)
|
6.2
|
Q3 2024
|
YTD 2024
|
YTD 2024
|
|
% LFL +/(-)
|
% LFL +/(-)
|
% share, revenue
less pass-through
costs7
|
|
CPG
|
7.6
|
7.3
|
28.1
|
Tech & Digital Services
|
1.3
|
(3.1)
|
17.2
|
Healthcare & Pharma
|
(7.7)
|
(8.6)
|
11.2
|
Automotive
|
5.8
|
2.9
|
10.5
|
Retail
|
(5.9)
|
(8.6)
|
8.9
|
Telecom, Media & Entertainment
|
(2.3)
|
3.3
|
6.8
|
Financial Services
|
5.3
|
2.2
|
6.3
|
Other
|
(15.4)
|
(15.3)
|
4.7
|
Travel & Leisure
|
10.8
|
5.6
|
3.7
|
Government, Public Sector & Non-profit
|
4.1
|
(2.9)
|
2.6
|
Like-for-like revenue less pass-through costs growth of -1% to 0%;
Headline operating margin improvement of 20-40bps
(excluding the impact of FX)
|
Q3
|
YTD
|
||||||
|
£m
|
+/(-) %
reported
|
+/(-) % LFL
|
|
£m
|
+/(-) %
reported
|
+/(-) % LFL
|
Global Int. Agencies
|
3,011
|
2.1
|
4.8
|
|
9,127
|
1.1
|
3.7
|
Public Relations
|
292
|
(3.3)
|
0.0
|
|
893
|
(2.9)
|
(0.6)
|
Specialist Agencies
|
255
|
(1.2)
|
1.4
|
764
|
(1.9)
|
0.1
|
|
Total Group
|
3,558
|
1.4
|
4.1
|
|
10,784
|
0.5
|
3.1
|
Q3
|
YTD
|
||||||
|
£m
|
+/(-) %
reported
|
+/(-) % LFL
|
|
£m
|
+/(-) %
reported
|
+/(-) % LFL
|
Global Int. Agencies
|
2,268
|
(2.5)
|
0.5
|
|
6,863
|
(3.2)
|
(0.3)
|
Public Relations
|
274
|
(3.0)
|
0.2
|
|
842
|
(2.8)
|
(0.5)
|
Specialist Agencies
|
223
|
(2.3)
|
0.8
|
|
659
|
(5.1)
|
(2.9)
|
Total Group
|
2,765
|
(2.6)
|
0.5
|
|
8,364
|
(3.3)
|
(0.5)
|
Q3
|
YTD
|
||||||
|
£m
|
+/(-) %
reported
|
+/(-) % LFL
|
|
£m
|
+/(-) %
reported
|
+/(-) % LFL
|
N. America
|
1,376
|
3.0
|
5.9
|
|
4,157
|
1.9
|
3.6
|
United Kingdom
|
550
|
7.7
|
7.3
|
1,608
|
2.1
|
1.6
|
|
W Cont. Europe
|
693
|
(0.2)
|
2.3
|
2,151
|
(0.9)
|
2.0
|
|
Rest of World12
|
939
|
(2.9)
|
1.3
|
|
2,868
|
(1.2)
|
4.0
|
Total Group
|
3,558
|
1.4
|
4.1
|
|
10,784
|
0.5
|
3.1
|
Q3
|
YTD
|
||||||
|
£m
|
+/(-) %
reported
|
+/(-) % LFL
|
|
£m
|
+/(-) %
reported
|
+/(-) % LFL
|
N. America
|
1,092
|
(1.2)
|
1.7
|
3,299
|
(2.7)
|
(0.5)
|
|
United Kingdom
|
390
|
0.3
|
0.0
|
1,169
|
(1.3)
|
(1.8)
|
|
W Cont. Europe
|
554
|
0.0
|
2.2
|
1,718
|
(0.8)
|
1.9
|
|
Rest of World
|
729
|
(7.7)
|
(2.2)
|
2,178
|
(7.0)
|
(1.7)
|
|
Total Group
|
2,765
|
(2.6)
|
0.5
|
8,364
|
(3.3)
|
(0.5)
|
WPP PLC
|
|
(Registrant)
|
|
Date: 23 October 2024.
|
By: ______________________
|
Balbir Kelly-Bisla
|
|
Company Secretary
|