 Paul Taaffe |
Huntsworth today reported 2017 revenues grew nine percent to $264M while pretax profit surged 52 percent to $36.7M.
CEO Paul Taaffe said the robust performance of the healthcare segment drove overall growth during the past year.
Huntsworth restructured healthcare, which generated 61 percent of overall revenues, into three divisions: medical, marketing and immersive.
The goal of the revamp is to provide investors a better understanding of Huntsworth's priorities and healthcare clients an easier access to multiple service offerings.
The remaining non-healthcare unit is the communications division composed of Grayling, Red and Citigate Dewe Rogerson PR/IR units. Revenues for the communications offering slipped 6.5 percent to 107.9M.
Though Huntsworth is primarily focused on healthcare, Taaffe said communications "remains an important part of the group."
He said the communications unit, which in 2017 marked the return of Grayling to the black ink column, charted "further good progress in reorganizing and right-sizing elements of the offering, leaving the division in a better position to compete and increase profitability in the coming years."
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.
Stagwell CEO Mark Penn reported Q4 net revenues dipped 5.6 percent to $551.1M during a “challenging year for marketing services and digital transformation.”
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WPP reported Q4 revenues inched ahead 0.3 percent to $4.1B as CEO Mark Read wrapped up a year that he said was more challenging than expected due to cutbacks, mainly by technology clients.
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