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Ad group WPP beats Q2 forecasts as growth returns to 2019 levels

Thu, 05th Aug 2021 07:00

LONDON, Aug 5 (Reuters) - WPP, the world's biggest
advertising company, said underlying net sales jumped 19.3% in
the second quarter, beating expectations and taking first-half
growth to 11%, ahead of 2019 as clients ramped up spending in
the COVID recovery.

The British group on Thursday upgraded its full-year outlook
to growth of 9-10%, with a headline operating margin towards the
upper end of the 13.5%-14.0% range.
(Reporting by Paul Sandle; editing by Guy Faulconbridge)

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