WPP revenues up 4.6% in third quarter

WPP has announced a 4.6% rise in reported revenues to £1.4 billion for the third quarter of this year, despite a "challenging" period across European markets.

On a like-for-like basis, excluding the impact of acquisitions and currency fluctuations, revenues were up 4.7% and gross margin up 4.9% in the three-month period.
The announcement reveals that the group's revenues have grown by 12% in the nine months to 30 September. Branding and identity, healthcare and specialist communications showed the strongest growth with revenues up almost 16%, and advertising and media investment management services have grown by more than 8%.
The geographic pattern of revenue growth varied in the third quarter, with Western European market performance lagging behind.
Over the three months, North American revenues were up by more than 8%, Asia Pacific, Latin America, Africa and Middle East revenues rose almost 16%, but UK revenues were up by only 1% and West Continental Europe revenues posted a 3% rise.

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