WPP AUNZ Boss Praises “Resilient” Full-Year Results

WPP AUNZ Boss Praises “Resilient” Full-Year Results
SHARE
THIS



Advertising giant WPP AUNZ has delivered a slight rise in overall revenue for the 2017 calendar year despite three of its segments going backwards.

The group posted a 0.6 per cent increase in revenue to $869.9 million in the 12 months to 31 December 2017, which it said was delivered against soft macro conditions and a flat media market.

WPP AUNZ’s headline profit before tax was up 31 per cent to $125 million, which it noted was driven by better cash collection and improved debt margin driving a decline in interest expense.

Earnings before interest, taxes, depreciation and amortisation was down 2.1 per cent to $137.8 million for the 2017 calendar year.

WPP AUNZ’s advertising, media and investment management arm was the only business segment to see an uplift in revenue (up $24.1 million to $485.8 million).

Meanwhile, the three other divisions – data investment management, PR and public affairs, and branding and identity and specialist communications – all saw revenue fall last year.

WPP AUNZ full-year results by segment (2017)

WPP AUNZ boss Michael Connaghan said the business had been “resilient in soft market conditions”, with headline results coming in above the group’s guidance back in October.

“On a divisional basis, our business has experienced a two-speed performance,” he said.

“Advertising and media investment management are leading the pack, growing their market position with robust new business wins.

“Our digital business continues to perform strongly, with good client momentum.

“In data investment management, public relations and public affairs, and in some production businesses, we have experienced pressure from both market softness and individual company underperformance.”

Connaghan said WPP AUNZ’s focus for 2018 will be on investing in future growth via its production, data and marketing infrastructure, along with its people and culture.

“This year we will roll out an equity staff incentive scheme aimed at retaining the best people in the market,” he added.

Please login with linkedin to comment

WPP AUNZ

Latest News

Clemenger BBDO’s ‘Exceptions To The Rule’ Recruitment Program Now Open
  • Advertising

Clemenger BBDO’s ‘Exceptions To The Rule’ Recruitment Program Now Open

The annual search for Australia’s best and brightest talent has launched today through Clemenger BBDO’s ‘Exceptions to the Rule’ program, with applications open for placements across Clemenger BBDO Melbourne and Sydney. ‘Exceptions to the Rule’ is a commitment to the agency’s belief that the future leaders of the creative industry aren’t solely coming through traditional […]

The Six Types Of Meetings People Despise
  • Media

The Six Types Of Meetings People Despise

Donna McGeorge (pictured below) is a speaker, author and mentor who helps people make their work work. She is also author of The 25-Minute Meeting: Half the Time, Double the Impact. In this guest post, McGeorge says most of us despise the office meeting and here’s the six worst types… I once heard a very senior leader […]

Opinion

by B&T Magazine

B&T Magazine
Mango Melbourne Announces Three New PR & Event Hires
  • Marketing

Mango Melbourne Announces Three New PR & Event Hires

Mango Melbourne, part of the DDB Group, has welcomed three new team members following recent business growth. Carol Laws (right in photo), Janette Henstridge (left) and Maddie Poulson (middle) bring with them experience across PR and events, in sectors including consumer, retail, telecommunications and fashion. An account director with previous roles at Kate & Co […]

Why Curiosity Matters In Leadership
  • Opinion

Why Curiosity Matters In Leadership

Corrine Armour (pictured below) is a leadership expert who helps leaders and organisations develop fearless leadership and deliver transformational results. Armour is also the author of Leaders Who Ask: Building Fearless Cultures by telling less and asking more. In this guest post, she asks are you a genuinely curious leader or just a judgemental one? Curiosity creates […]

Opinion

by B&T Magazine

B&T Magazine
Businesswoman hand connecting jigsaw puzzle, Business solutions, success and strategy concept
  • Media

Tealium Partners With The Lumery

Tealium, the leader in real-time customer data orchestration solutions, and The Lumery, a full-service customer experience agency, have partnered to bring to life the vision of a full MarTech ecosystem for Vocus Communications. Vocus recognised a huge opportunity for growth through the digitisation of their consumer brands. As such, Vocus has begun the process of […]

McCann Names New MD For Melbourne
  • Advertising

McCann Names New MD For Melbourne

McCann's new Melbourne MD is promising sweeping changes. Well, at the very least delicate carpet shampoo changes.