Huntsworth recorded a nine percent growth in revenues to $122.5M during the first half paced by a robust performance of its healthcare unit and the return to profitability for Grayling.
Pretax profit surged 58 percent to $13M.
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Paul TaaffeeCEO Paul Taaffe said Huntsworth Health remains the firm’s focus for growth and investment as clients “seek a more differentiated and increasingly digital offering for their medical and marketing communications.”
Huntsworth Health added The Creative Engagement Group experiential marketing operation in an acquisition worth $35.5M this month to strengthen its digital creativity expertise.
Grayling swung from a slight loss to $500K profit despite a 13 percent drop in revenues to $27.3M.
Europe, which accounts for 70 percent of Grayling’s revenues, Middle East and Asia operated in the black while the US posted red ink.
Taaffe anticipates the US would be profitable beginning in 2018, buoyed by its Washington lobbying office and a PR business transitioning to a broader client portfolio.
Citigate Dewe Rogerson financial unit showed a two percent revenue dip to $14.2M. Slowdowns in Greater China (14.4 revenue plunge) and Singapore (nine percent drop) hurt CDR, which reported an overall $1.9M profit.
WPP reported a 5.5 percent decline in Q1 PR revenues to $292M as its BCW and Hill & Knowlton units suffered the loss of Pfizer assignments, and cutbacks in client spending due to the economic uncertainty.
Interpublic CEO Philippe Krakowsky said the firm is off to a “solid start to the year” as its flat $2.2B net revenues are in line with 2024 financial targets.
Why financial planning always plays a crucial role in every PR firm’s success.
Omnicom CEO John Wren reports Q1 revenues jumped 5.4 percent to $3.6M, powered by a solid 7.0 percent rise in its advertising & media segment.
Public Policy Holding Company registered 24.1 percent growth to a record $135M during the past year, which included the results of the March 1 acquisition of Multistate Assocs.
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