Gideon Spanier
Mar 1, 2019

WPP warns revenue slump will worsen in 2019

Shares rise since forecast is not as bad as investors feared.

Mark Read

WPP has warned its revenue slump is going to get worse in 2019, with net sales forecast to be down between 1.5% and 2%.

The British advertising group is facing its third consecutive year of revenue decline in 2019 as it reported annual results today that showed net saleswhich WPP calls like-for-like revenues less pass-through costsended 2018 down 0.4%.

Net sales previously dropped 0.9% in 2017the last full year...

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