WPP PLC (NYSE:WPP)

$ 52.34 0.04 (0.08%) Market Cap: 11.29 Bil Enterprise Value: 17.81 Bil PE Ratio: 80.87 PB Ratio: 2.60 GF Score: 83/100

Q1 2019 WPP PLC Trading Statement Call (Morning) Transcript

Apr 26, 2019 / 08:30AM GMT

Release Date Price: $61.71 (+5.60%)

Transcript

Operator

Good day, and welcome to the WPP First Quarter 2019 Trading Statement Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to WPP's CEO, Mark Read. Please go ahead, sir.

Mark Read

WPP plc - CEO & Executive Director

Thank you very much. So good morning, and welcome to our first quarter trading update. This is Mark Read here. I'm here with Paul Richardson, Andrew Scott and Lisa Hau. I'll make a few introductory remarks, and then Paul will take you through the numbers. We'll come back at the end to take questions.

If you turn to Page 2, you can see our safe harbor statement and turn to Page 4 to the introduction. I think that the results really reflect what we set out, I guess, in December and then reiterated at our full year numbers.

We continue to make good progress implementing our 3-year strategy to return WPP to growth. And we talked about in December, some 4 months ago, as we anticipated, the trading in first quarter does reflect the client losses that we had in 2018,

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