WPP increases its 2014 full year dividend by 11.7%

DividendMax Ltd.

WPP increases its 2014 full year dividend by 11.7%

Despite 6-7% currency headwinds, another record year

Reported billings at £46.186 billion, up 6.8% in constant currency

Reported revenue up 4.6% at £11.529 billion, up 9.9% at $18.956 billion  in dollars and up 10.4% at €14.323 billion in euros

Constant currency revenue up 11.3%, like-for-like revenue up 8.2%

Constant currency net sales up 6.3%, like-for-like net sales up 3.3%

Reported net sales margin of 16.7%, up 0.2 margin points vs last year, up  0.3 margin points, on a constant currency basis in line with full year  margin target

Headline profit before interest and tax £1.681 billion, up 1.1% and up  8.0% in constant currency

Headline profit before tax £1.513 billion, up 3.7% and up 11.6% in  constant currency, crossing £1.5 billion for the first time

Profit before tax £1.452 billion, up 12.0%, up 21.3% in constant  currency

Profit after tax £1.152 billion, up 13.8%, up 23.1% in constant currency

Headline diluted earnings per share of 84.9p, up 5.1%, up 12.6% in  constant currency

Return on equity up to 15.0% in 2014, up 0.6 percentage points on 2013  versus a weighted average cost of capital of 6.1% in 2014

Dividends per share of 38.2p, up 11.7%, pay-out ratio of 45% versus  42% last year, in line with the re-targeted dividend pay-out ratio for  2014 one year ahead of original schedule

Constant currency net debt £2.275 billion at 31 December 2014, down  £21 million on same date in 2013, with average net debt in 2014 flat at  £3.001 billion against 2013

Net new business of £5.831 billion ($9.330 billion) in the year with the  Group first in new business league tables for the third year in a row

Good start to 2015 with January like-for-like revenue up 6.7% and net  sales up 3.9%

Including associates and investments, revenue totals almost $27 billion  annually and people average over 188,000

Companies mentioned