Scoop has an Ethical Paywall
2016 Full Year Results
WPP AUNZ Limited | 2016 Full Year Results | Page 1 of 3
ASX Release
24 February 2017
WPP AUNZ LIMITED – 2016 FULL YEAR RESULTS
WPP AUNZ Limited (“WPP AUNZ” “the Group” ASX: WPP), Australasia’s leading marketing content and communications group, today announced its financial results for the year ended 31 December 2016.
Financial Highlights
• Achieved guidance range delivering $141.6m profit before interest and tax.
• Increase in final dividend to 3.9 cents giving a full year dividend of 6.0 cents (up 5%).
Operational Highlights
• Completion of WPP plc and STW Group merger, and rebrand to WPP AUNZ Limited with combined net sales of A$865 million.
• Merger integration in line with expectations, strong agency engagement, reinforced leadership team structure, momentum to achieve identified cost efficiencies in 2017.
• New Executive Council in place to deliver closer oversight and local control of operating companies.
Current Trading and Outlook
• Momentum through a number of new business wins in the final quarter of 2016, across all business segments.
• Driving organic growth through winning market share and driving cost efficiencies.
• Expect to deliver mid-single digit growth in earnings per share for the full year 2017.
| Key Measures | 31 Dec 2015 | 31 Dec 2016 | Change |
| Net sales | $855m | $865m | +1.2% |
| Profit before interest and tax | $136.9m | $141.6m | +3.5% |
| Net sales margin | 16.0% | 16.4% | +0.4% |
| EPS (cents per share) | 9.2 cents | 9.5 cents | +4.1% |
| Final dividend (fully franked) | 3.6 | 3.9 cents | +8.3% |
| Total dividend | 5.7 cents | 6.0 cents | +5.3% |
| Leverage ratio (debt/EBITDA) | 2.5x | 1.9x | Driven by strong cash conversion - Hit target range |
Trademe: Trash To Treasure - Kiwi Make The Most Of Unwanted Christmas Gifts 
Financial Markets Authority: FMA Seeks Clarity From High Court On Use Of Eligible Investor Certificates In Wholesale Investment Sector
Scion: Scion’s Novel Internship Model Connects Talent With Industry
Financial Markets Authority: Westpac Admits To Misleading Representations That Resulted In $6.35m In Overcharges
Bill Bennett: Download Weekly - Review Of 2024
Bill Bennett: One NZ scores worldwide first as Starlink direct-to-mobile launches
