
WPP has posted like-for-like net sales up 3.2% for the first quarter of 2016, with revenues up 5.1% to $4.7 billion, boosted by a strong performance in the U.S. — where sales were up 3.9%, revenues grew 6.9% to $1.8 billion, and new business wins included Wendy’s, Target and Jet.com.
In Asia Pacific, Latin America, Africa and the Middle East and Central and Eastern Europe, like-for-like net sales were up 3%, while in Western Europe they were up 2.3%, and in the U.K., up 3.2%. The group expects sales to remain above 3% for the full year. Like-for-like net sales is WPP’s preferred measure for organic growth.
All parts of the group grew, apart from data investment management, where net sales were down 0.1% in the first quarter. WPP noted in its statement that overall growth was particularly strong in the U.S.
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