26th Oct 2015 07:18
LONDON (Alliance News) -WPP PLC on Monday reported a rise in revenue for the third quarter of 2015, and said that whilst it is still in the process of reviewing its forecasts, early indications are that its revenue and net sales in the fourth quarter will be ahead of the first nine months.
The media-buying giant said in the quarter to end-September that its total revenue rose 5.9% to GBP2.93 billion from GBP2.76 billion a year before, and was up 7.9% at constant exchange rates. WPP said that in constant currency it saw revenue growth in all regions and business sectors, particularly North America, the UK, and Asia Pacific, Latin America, Africa and the Middle East and Central and Eastern Europe.
This takes its revenue growth for the first nine months to 6.5%, or 6.9% at constant currency.
The company said its nine months operating margin was up 0.3 margin point, or 0.5 margin point in constant currency, and it is targeting a rise of 0.3 margin point in constant currency for the full year.
WPP said that it is early in its 2016 three-year planning and budget cycles, but that "at this point in time the pattern for next year looks very similar to 2015, but with a boost from maxi-quadrennial events."
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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