Preliminary Q4 2023 WPP PLC Earnings Call Transcript
Good morning, and welcome to the WPP 2023 Preliminary Results. My name is Charlie, and I'll be coordinating the call today. (Operator Instructions) I will now hand over to our host, Mark Read, Chief Executive Officer, to begin. Mark, please go ahead.
Thank you very much, and welcome, everybody, to WPP's preliminary results for 2023. I'm Mark Read, and I'm joined here by Joanne Wilson, our CFO; and Tom Waldron, our Head of Investor Relations. So turning to the presentation. Please take notice of our cautionary statements on Page 2. And for the meeting on Page 3, I'm going to cover the highlights of our financial performance before Joanne takes you through that in more detail. I'll then reiterate the strategy we laid out at the Capital Markets Day just over 3 weeks ago before taking questions.
So turning to Page 5, the highlights. We had a resilient performance in 2023 with like-for-like growth of 0.9% and a headline operating margin of 14.8%, up 0.2% on a constant currency basis. Showed excellent cost
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