WPP PLC

WPP: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 554.00	Tymbvdd	Xwzxkkp

WPP Earnings: 2023 Is Off to a Good Start and Is Likely to Further Strengthen in the Second Half

Ali Mogharabi

Apr 28, 2023

WPP’s first-quarter net revenue update supports our assumption of 4% full-year net revenue organic growth as the firm experienced growth across all its segments and in all regions in which it operates. We think that with improvements in China and India during the second half of this year, and less economic uncertainty in Europe and the U.S., organic growth likely will be at the high end of WPP’s 3%-5% 2023 guidance, which was unchanged.

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