WPP announces growth in revenue

- WPP has announced an increase of 19 per cent on year to date revenues. Growth by region saw North America three percent above the UK at 16.5 per cent with the largest increase coming from Africa and the Middle East at 32 per cent.

The biggest third quarter service sector increases were seen in information consultancy and PR with growth of 30 per cent and 45 per cent respectively. Net new billings were £830 million compared to £730 million for the same quarter last year.

WPP cited the continuing trend of consolidation in the industry and the winning of several large assignments from existing and new clients such as Ford, Goldman Sachs, KPMG and Nike as the reasons for this growth.

This article was first published on Campaign