WPP comparable revenue tops forecasts but strong pound weighs

|About: WPP PLC (WPPGY)|By:, SA News Editor

WPP's (WPPGY) Q1 revenues rose 1.5% to £2.57B and comparable revenue increased a better than expected 7% despite a slowdown in China.

The strong pound hurt WPP's performance by 8.1%

Profits, revenue margin and gross margin or net sales margin were above budget.

WPP, which is the world's largest advertising company, said its Q1 performance could lead to stronger FY growth than initially planned.

Shares are +0.55% in London. (PR)