Sir Martin Sorrell will be posting WPP’s annual results on Friday and apparently, it’s looking good. Sorrell is expected to say that the agency is healthier than it was a year ago and that 2008 should be even better based on budgets WPP’s enterprises in developing nations. Meanwhile, the US and UK markets for the group should hold steady despite this whole recession thing.
The Financial Times said: “The consensus of analyst predictions is that WPP will report profit before tax of £813m on revenues of about £6.1bn, with operating margins of about 15 per cent. Earnings per share should exceed the 44.6p predicted over the past two weeks, while organic growth is expected to meet expectation at 5 per cent.”
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Results for Omnicom and Havas can be seen here.