MADRID, February 23 (EUROPA PRESS) –

WPP recorded an attributable net profit of 1,100 million pounds (1,248 million euros) for 2022, which translates to an increase of 15.3% compared to a profit of 954 million pounds (1,083 million euros) in 2021, as reported by British marketing and company communication.

Revenue, on the other hand, was 14,429 million pounds (16,375 million euros), an increase of 12.7% compared to a turnover of 12,801 million pounds (14,527 million euros) the previous year. .

Of these, the integrated global agencies division grew 11.9%, to 12,191 million pounds (13,835 million euros), while the public relations division grew 28.1% and had a turnover of 1,228 million pounds (1,394 million euros). Later, specialist agencies put in 1.010 million pounds (1.146 million euros), 6.1% more.

In terms of geographic origin, North America accounts for 38.5% of revenue, followed by Asia-Pacific, Latin America, Africa and the Middle East, and Central and Eastern Europe (27.7%), Western Europe (19.9%) and , lastly, from the UK (13.9%).

Meanwhile, activity, general and administrative expenses amounted to 13,070 million pounds (14,832 million euros), 12.9% more than in the twelve months of 2021.

Our net adjusted debt has decreased from 4,000 million pounds (4,539 million euros) at the end of 2018 to 2,500 million pounds (2,837 million euros), while we have paid out 3,400 million pounds (3,858 million euros) to our investors through share buybacks and dividends ,” said WPP CEO Mark Read.

The Board of Directors will propose a final dividend of 24.4 pence (0.28 euros) and an interim dividend of 15 pence (0.17 euros) per share. In total, 39.4 pence (0.45 euros) per share will be distributed, 26.3% more than in 2021. The final dividend will be paid on 7 July.

Looking ahead to 2023, WPP anticipates revenue growth of 3-5%, as well as restructuring costs of 180 million pounds (204.3 million euros).