WPP sees FY25 LFL revenue less pass-through costs down 3%-5%

The company said, “LFL revenue less pass-through costs – In line with our trading update issued in early July, we continue to expect 2025 LFL revenue less pass-through costs of -3% to -5%. Headline operating profit margin – Again, in line with commentary in early July, we continue to expect headline operating profit margin to be down 50 to 175 bps year on year. This incorporates the benefit of cost action taken in the first half which will support an improved margin in the second half, while we continue to prioritise appropriate investment in the business. Adjusted operating cash flow before working capital – As a result of our LFL revenue less pass-through cost and headline operating profit margin guidance, we now expect adjusted operating cash flow before working capital for 2025 to be in the range of GBP 1.1bn to GBP 1.2bn relative to our original expectation of around GBP 1.4bn.”