Business
2024 Interim Results
2024 Interim Results.
About this update from Wpp Plc
[{"type":"text","content":"\n\n\n \n\n\n\n\n2024 Interim Results\n\n\n7 August 2024\n\n\n\n\n \nSequential improvement in LFL growth in Q2. Strong progress against January 2024 strategic objectives and significant value unlocked from sale of majority stake in FGS Global. Full year LFL guidance now -1% to 0% reflecting macro pressures and weakness in China\n \n\n\n\n\nKey figures (£m)\n\n\nH1 2024\n\n\n+/(-) % reported1\n\n\n+/(-) %\nLFL2\n\n\nH1 2023\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue\n\n\n7,227\n\n\n 0.1\n\n\n 2.6\n\n\n7,221\n\n\n\n\nRevenue less pass-through costs\n\n\n5,599\n\n\n (3.6)\n\n\n (1.0)\n\n\n5,811\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nReported:\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOperating profit\n\n\n423\n\n\n 38.2\n\n\n\n\n\n306\n\n\n\n\nOperating profit margin3\n\n\n 5.9%\n\n\n 1.7pt\n\n\n\n\n\n 4.2%\n\n\n\n\nDiluted EPS (p)\n\n\n18.8\n\n\n82.5\n\n\n\n\n\n 10.3\n\n\n\n\nDividends per share (p)\n\n\n15.0\n\n\n0.0\n\n\n\n\n\n 15.0\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nHeadline4:\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOperating profit\n\n\n646\n\n\n(3.0)\n\n\n 0.5\n\n\n666\n\n\n\n\nOperating profit margin\n\n\n 11.5%\n\n\n0.0pt\n\n\n0.1pt\n\n\n 11.5%\n\n\n\n\nDiluted EPS (p)\n\n\n30.9\n\n\n(6.6)\n\n\n\n\n\n33.1\n\n\n\n\nH1 and Q2 highlights\n• H1 reported revenue +0.1%, LFL revenue +2.6%. H1 revenue less pass-through costs -3.6%, LFL revenue less pass-through costs -1.0%\n• Q2 LFL revenue less pass-through costs -0.5%, with North America +2.0% and...