WPP increases its 2015 full year dividend by 17%

DividendMax Ltd.

WPP increases its 2015 full year dividend by 17%

The Company celebrated its thirtieth birthday with another record  year, despite strong currency headwinds in the second half

Reported billings up 3.1% at £47.632 billion, and up 4.9% in  constant currency

Reported revenue up 6.1% at £12.235 billion, down 1.4% at $18.693 billion,  up 17.8% at €16.874 billion and up 12.4% at ¥2.264 trillion

Constant currency revenue up 7.5%, like-for-like revenue up 5.3%

Constant currency net sales up 5.8%, like-for-like net sales up 3.3%

Reported net sales margin of 16.9%, up 0.2 margin points against last year, up  0.4 margin points on a constant currency basis, ahead of the full year margin  target of 0.3 margin points improvement in constant currency

Headline profit before interest and tax £1.774 billion, up 5.6% and up 8.7% in  constant currency

Headline profit before tax £1.622 billion, up 7.3% and up 11.2% in constant  currency

Profit before tax £1.493 billion, up 2.8%, up 7.3% in constant currency

Profit after tax £1.245 billion, up 8.1%, up 11.9% in constant currency

Headline EBITDA £2.002 billion, crossing £2 billion for the first time

Headline diluted earnings per share of 93.6p, up 10.2%, up 13.3% in constant  currency

Return on equity at 16.3% in 2015, up 1.3 percentage points on 2014 versus a  weighted average cost of capital of 6.7% in 2015

Dividends per share of 44.69p, up 17.0%, pay-out ratio of 47.7% versus 45.0%  last year, effectively one year ahead of the newly targeted dividend pay-out  ratio of 50% in 2017

Net debt £3.211 billion at 31 December 2015, an increase of £936 million on  same date in 2014, with average net debt in 2015 at £3.562 billion against  £3.073 billion in 2014

Net new business of £5.557 billion ($8.613 billion) in the year with the Group  first overall in new business league tables for the fourth year in a row and  GroupM topping both the RECMA media tsunami net new business and  retentions tables

Above budget start to 2016, with January like-for-like revenue up 4.2% and  net sales up 2.3%, against strong comparative last year

Including associates and investments, revenue totals over $27 billion  annually and people average over 194,000

Companies mentioned