WPP AUNZ Grows Profit & Revenue, But Faces Challenges For Branding & Identity Businesses

WPP AUNZ Grows Profit & Revenue, But Faces Challenges For Branding & Identity Businesses

Advertising, marketing and media behemoth WPP AUNZ has recorded modest increases in profit and revenue for the first half of 2018.

The group’s headline profit lifted 3.8 per cent to $43.4 million compared to the first half of 2017, while its profit after tax was up 6.8 per cent to $31.4 million.

WPP AUNZ reported a 1.5 per cent rise in half-yearly revenue to $416.3 million, with earnings before interest and taxes up a single per cent to $49.6 million.

Breaking down the revenue, WPP AUNZ’s advertising and media investment management division was the best performer with 4.7 per cent growth to $232.8 million, while its branding and identity businesses were worst off with an 0.3 per cent drop to $104.4 million.

WPPAUNZ revenue brakdown (1H2018)

WPP AUNZ chief executive Mike Connaghan said the company remains focused on strengthening its foundations and fundamentals, investing in its people and culture, delivering more for clients, and improving returns to shareholders in the long-term.

“Over the last six months, we have made a number of investments to support this including investing in a new Melbourne property campus to house 15 brands and 360 people; investing in state-of-the-art production infrastructure; and, taking a greater ownership in minorities and associated entities that will ensure we work more cohesively across the group,” he said.

“On a divisional basis, we experienced varied performances across our key areas of operation. Advertising and media investment management showed good growth in net sales and maintained their operating margin.

“Digital business again performed strongly and have maintained their earnings momentum. The public relations and public affairs segment has seen growth across the portfolio – a pleasing turnaround from previous periods.

“While the data investment management and branding and identity businesses experienced pressure from market softness, particularly retail clients.”




Please login with linkedin to comment

Michael Connaghan WPP AUNZ

Latest News

The Mars Agency Announces Latest Findings Of Retail Media Report Card
  • Advertising

The Mars Agency Announces Latest Findings Of Retail Media Report Card

The Mars Agency has developed a scorecard that assesses the capabilities of leading platforms across key criteria required to optimally plan, execute, and measure effective retail media programs. The scorecard aims To help brands efficiently evaluate their spending options across retail media networks in Australia (and New Zealand). With spending on retail media advertising in […]

TV Ratings (27/03/2024): Jungle Members At War Over Concealed Lipstick
  • TV Ratings

TV Ratings (27/03/2024): Jungle Members At War Over Concealed Lipstick

A heated argument between two jungle members did the numbers for Ten last night, with I’m A Celeb obtaining a total national reach of 1,282,000. Fans were delighted as Candice Warner and influencer Skye Wheatley got into it over a stick of lipstick, leading Warner to dub the Instagram star “selfish.” Wheatley, best known for […]