WPP reports 0.3% rise in Q4 organic revenue despite U.S. weakness

© Reuters. The corporate logo of WPP is seen in this picture from 2018, obtained July 12, 2019. WPP/Handout via REUTERS/file photo

LONDON (Reuters) – WPP (LON:), the advertising group that owns Ogilvy and GroupM, said like-for-like revenue less pass-through costs rose 0.3% in the final quarter, as weak spending by U.S. tech, healthcare and retail clients held back growth in Britain and India.

The British company on Thursday reported a 0.9% like-for-like rise in its key revenue metric for the full-year to 11.86 billion pounds ($15 billion), in line with its guidance.

($1 = 0.7905 pounds)


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