WPP’s Australian numbers continue to lag
Australia and New Zealand remain tough markets for WPP, chairman Sir Martin Sorrell said in an update to the market on the company’s current global situation.
Speaking at the company AGM, he said that WPP appeared to have come through the worst. He said: “On a reportable basis, worldwide revenues were up 1.8%. In constant currencies, revenues were up 2.2%, principally reflecting the comparative weakness of the US dollar and Euro against the pound sterling. On a like-for-like basis, excluding the impact of acquisitions and currency fluctuations, revenues were up 2.0%. Year-to-year comparisons continue to improve, with like-for-like revenue growth showing sequential improvements for the first five months, and with May revenue growth of well over 5%.”
But he added:
“In Asia Pacific, Australia and New Zealand are still the most affected, but Japan appears to have stabilised, and more, with growth in April and May and growth, as a result, year to date.”
WPP owns some of the world’s biggest media, advertising and PR companies.
Tim Burrowes founded Mumbrella in 2008. He worked on Mumbrella until 2021. At various points he was editor, content director and editor-at-large.
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clearly, commas are also growing, at an alarming rate, at WPP.
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Sir Martin Sorrell should talk to the Photon boys….
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At least the Photon boys know how to party. The local WPP pawns can’t even crack a smile these days
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anon, work at one of the WPP companies and see if you can raise a smile. accountants took all the life out of the group.
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@Anon 3.18pm
Bet the WPP “pawns” who have jobs will be smiling more than the “boys” who’ll be losing their jobs @Photon. Grow up you idiot.
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@Daniel
I admire your unswerving faith. You’re probably new to WPP. Welcome! You’ll learn. Meanwhile, keep the faith it’s very nice.
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You work for a company called Wireless and Paper Products (WPP). I’d rather work for Coles.
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you probably do work at Coles. its Wire and Plastic Products
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@ Daniel 3.40pm
Said like someone who’s focus is on keeping their job….never a place where great work comes from and a perfect example of the problem WPP faces in this part of the world. It’s run by people who are all looking over their shoulders.
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This region has done well over the last few years compared with the rest of the world. And many local agencies, new and old, have thrived. WPP just doesn’t have right people running them.
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WPP agencies are run to make lots of profit for shareholders.
nothing more, nothing less.
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wpp are a dog with fleas
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I thought WPP stood for Wodda Profits Please. Isn’t that the case?
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