WPP PLC (OTCPK:WPPGF)
$ 10.54 -0.0567 (-0.54%) Market Cap: 11.55 Bil Enterprise Value: 18.36 Bil PE Ratio: 46.26 PB Ratio: 2.65 GF Score: 76/100
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Full Year 2018 WPP PLC Earnings Call Transcript

Mar 01, 2019 / 02:00PM GMT
Release Date Price: $11.8 (+8.26%)
Operator

Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to today's 2018 WPP Full Year Results Conference Call. (Operator Instructions) I must advise you that your conference is being recorded today on Friday, the 1st of March 2019.

I would now like to hand the conference over to your speaker today, Mr. Mark Read, CEO. Please go ahead, sir.

Mark Read
WPP plc - CEO & Executive Director

Thank you very much, operator, and good morning to everyone in the U.S. I'm here in Sea Containers with Paul Richardson, our CFO; and Andrew Scott, our COO. And as we did last time, we're just going to take a short introduction and then really take Q&A and those of you that want can watch the presentation on our website from this morning.

I think the key points that we covered this morning were, for 2018, we came in at the upper end of the guidance that we gave you back in October and that we reiterated in our strategy update in December, with revenue less pass-through costs down by around minus 0.4% versus a range of minus 0.5% to

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