WPP has announced a 13% real terms increase in quarter 1 revenues to £418.7 million, though the strength of sterling reduced the reportable growth to 8%. Net new business billings of £403m were won during the first quarter.
In terms of WPP’s regional businesses, the UK showed the greatest growth with an increase in revenue of 16% to £84.6m. Not surprisingly, its Asia Pacific operations saw a downturn of 0.4% to £68.4m.
Advertising revenues showed the slowest growth among WPP’s services sectors, up 0.5% to revenue of £208.4m. There were big increases for its PR business (up almost 18% to £30.3m) and specialist communications (up almost 17% to £104.9m).
WPP: 0171 408 2204
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