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WPP reported strong preliminary results for 2022, with revenue of £14.4 billion, a 12.7% increase from 2021, and a 6.7% growth on a like-for-like basis. The operating profit rose by 16.6% to £1.7 billion, leading to a diluted EPS increase of 25.5% to 98.5 pence. The company plans to return over £1.1 billion to shareholders and expects 2023 LFL revenue growth between 3-5%, alongside margin improvements to around 15%. Growth was driven by strong performances in key markets, although China faced declines due to COVID-19 lockdowns. Overall, WPP aims for long-term sustainable growth through further acquisitions and strategic partnerships.
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