Strong Growth Boosts WPP

28 June 2005

The world's second biggest advertising group, WPP, has reported robust revenues for the first five months of the year.

Sir Martin Sorrrell's London-headquartered conglomerate, which numbers among its shops JWT and Ogilvy & Mather, has performed particularly strongly in Latin America, Asia, the US and parts of Europe.

The company's annual meeting heard that like-for-like revenues rose by more than 6% for the period to May 31. Reported revenues were up by more than 20% percent, boosted by WPP's acquisition of Grey Global.

At the meeting was Grey's veteran ceo, Ed Meyer, who was attending "for the first time as a citizen of WPP".

Sorrell told shareholders: "We are significantly stronger and faster [in Asia Pacific, Latin America, Africa and the Middle East] than rivals firms."

However, the European picture was mixed. Central and Eastern parts, including Russia, reported strong growth, while conditions in Germany, France and Sweden were tougher. Growth in the UK was up 14%.

Data sourced from; additional content by WARC staff