Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.
BOSTON WPP Group today said its organic revenue, excluding the impact of acquisitions and currency fluctuations, improved 4.5 percent in the first five months of 2008 compared to the same period a year ago.
On a constant currency basis, the gain was a bit over 8.5 percent, mainly reflecting the strength of the euro against the U.K. pound sterling. Overall, the company’s global revenue rose 14.5 percent.
WPP, the No. 2 global holding company, released the trading update — though not specific figures — today at its annual general meeting in London.
The performance was generally viewed as disappointing by analysts, who had expected the holding company’s business to improve in Q2 following 5 percent organic growth in the first quarter of the year.
“WPP
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in