WPP: US, UK communications services markets hit hardest by financial crisis

Share this article:

Communications holding group WPP Group reported revenues rose by 16.2% in the third quarter ended September 30. On a constant currency basis, revenues were up 6%.

North America was the weakest region, with flat revenues compared to a growth rate of 6% in the first half. The financial crisis has had the biggest impact on the communications services markets of the US and UK, according to WPP.

WPP won new business billings worth $1.726 billion during the third quarter.

By sector, revenues were up over 7% for advertising and media investment management and public relations and public affairs; up 4.4% for branding & identity, healthcare and specialist communications (which includes its DM agencies OgilvyOne, 141 Worldwide, Wunderman, RMG Connect and G2), and up 4% for information, insight and consultancy.

In the first nine months of 2008, reported revenues increased 14.9%. In constant currencies, revenues were up 7.4% during the same period
Share this article:
close

Next Article in Agency

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Agency

John Wanamaker Is Dead, Long Live the CMO

John Wanamaker Is Dead, Long Live the CMO

A century-old motto isn't—and shouldn't be—relevant today. CMOs need to get with the times and put their customer knowledge to good use.

Unleashing the True Power of the Customer

Unleashing the True Power of the Customer

Retailers who harness customer loyalty program data can create a customer-centric competitive advantage.

News Byte: Gartner Retail Expert Joins eCommera as CMO

News Byte: Gartner Retail Expert Joins eCommera as ...

Kevin Sterneckert brings a wealth of knowledge and experience to eCommera.