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The ad industry's largest holding company said its first-quarter profits for 2015 are "well above target" but admitted, "2015 looks to be another demanding year."
WPP Group's reported revenue rose 8 percent in the first quarter to just over $4 billion, with like-for-like revenue, which eliminates the impact of currency and acquisitions, climbing 5 percent. Last month WPP said like-for-like revenue in January increased nearly 7 percent, indicating a slowdown in more recent growth.
WPP posted like-for-like revenue growth in all of its operating regions and business sectors, with the exception of data investment management.
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