WPP worldwide revenues were up 17% for the first five months of the year on a reportable basis, with a growth of over 13% in constant currencies.
The trading update was provided at the group’s AGM today by Philip Lader, chairman of WPP. The United Kingdom was the only region not to show double-digit revenue growth in the first five months of 2006 while in the US, revenues were up almost 12%. In Europe, the UK was up over 6% and Continental Europe up over 11%. Eastern Europe was up over 49%. Asia Pacific, Latin America, Africa and the Middle East were up almost 23%.
Advertising and media investment management was up over 11%, information, insight & consultancy up almost 8%, public relations and public affairs up over 12% and branding and identity, healthcare and specialist communications up over 20%.
Earlier this year WPP announced record results for 2005, enjoying a 36% year on year increase in full-year profit and a rise in revenue of 25% to £5.4 billion (see WPP Enjoys 36% Rise In Profits For 2005).
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