WPP plc Files 2024 Interim Results

TL;DR

WPP plc dropped its 2024 interim results on Aug 7. Check it for performance updates.

AI Summary

WPP plc filed its 2024 interim results on August 7, 2024. The report details the company's performance for the period ending June 30, 2024. WPP plc is a global advertising and public relations company based in London.

Why It Matters

This filing provides investors with an update on WPP plc's financial performance and strategic progress during the first half of 2024.

Risk Assessment

Risk Level: low — This is a routine interim results filing from a publicly traded company, providing standard financial and operational updates.

Key Players & Entities

• WPP plc (company) — Registrant
• 001-38303 (company) — Commission File Number
• August 7, 2024 (date) — Filing Date
• June 30, 2024 (date) — Reporting Period End Date

FAQ

Key Financial Figures

• $1.7b — al to KKR at an enterprise valuation of $1.7bn, generating total cash proceeds to WPP
• $2.0b — ; $1.7bn net new billings 9 (H1 2023: $2.0bn), with Q2 net new billings $0.9bn (Q2
• $0.9b — 2023: $2.0bn), with Q2 net new billings $0.9bn (Q2 2023: $0.5bn). New client wins inc
• $0.5b — th Q2 net new billings $0.9bn (Q2 2023: $0.5bn). New client wins included assignments

Filing Documents

• wppjune2024interimresults.htm (6-K) — 1309KB
• 0001654954-24-010055.txt ( ) — 1310KB

Forward-Looking Statements

Forward-Looking Statements   In connection with the provisions of the U.S. Private Securities Litigation Reform Act of 1995 (the ‘Reform Act’), the Company may include forward-looking statements (as defined in the Reform Act) in oral or written public statements issued by or on behalf of the Company. These forward-looking statements may include, among other things, plans, objectives, beliefs, intentions, strategies, projections and anticipated future economic performance based on assumptions and the like that are subject to risks and uncertainties. These statements can be identified by the fact that they do not relate strictly to historical or current facts. They use words such as ‘aim’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘forecast’, ‘guidance’, ‘intend’, ‘may’, ‘will’, ‘should’, ‘potential’, ‘possible’, ‘predict’, ‘project’, ‘plan’, ‘target’, and other words and similar references to future periods but are not the exclusive means of identifying such statements. As such, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances that are beyond the control of the Company. Actual results or outcomes may differ materially from those discussed or implied in the forward-looking prediction of actual results or otherwise. Important factors which may cause actual results to differ include but are not limited to: the impact of epidemics or pandemics including restrictions on businesses, social activities and travel; the unanticipated loss of a material client or key personnel; delays or reductions in client advertising bud

forward-looking statements included in this document should not be

forward-looking statements included in this document should not be regarded as a representation by the Company that the Company’s plans and objectives will be achieved. Neither the Company, nor any of its directors, officers or employees, provides any representation, assurance or guarantee that the occurrence of any events anticipated, expressed or implied in any forward-looking obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.   EXHIBIT INDEX   Exhibit No. Description   1 2024 Interim Results dated 07 August 2024, prepared by WPP plc.         7 August 2024   2024 Interim Results       Sequential improvement in LFL growth in Q2. Strong progress against January 2024 strategic objectives and significant value unlocked from sale of majority stake in FGS Global. Full year LFL guidance now -1% to 0% reflecting macro pressures and weakness in China                           Key figures (£m) H1 2024 ‘ +/(-) % reported 1 ‘ +/(-) % LFL 2 H1 2023           Revenue 7,227 0.1 2.6 7,221 Revenue less pass-through costs 5,599 (3.6) (1.0) 5,811           Reported:         Operating profit 423 38.2   306 Operating profit margin 3 5.9% 1.7pt   4.2% Diluted EPS (p) 18.8 82.5   10.3 Dividends per share (p) 15.0 0.0   15.0           Headline 4 :         Operating profit 646 (3.0) 0.5 666 Operating profit margin 11.5% 0.0pt 0.1pt 11.5% Diluted EPS (p) 30.9 (6.6

View Full Filing

View this 6-K filing on SEC EDGAR