 Arthur Sadoun |
Publicis Groupe today reported an 8.2 percent slide in net revenues to $2.6B due to unfavorable currency exchange rates. At constant rates, Publicis revenues advanced 1.6 percent.
CEO Arthur Sadoun said the French ad/PR conglom posted a “solid performance,” during the quarter, which reflected a positive swing from last year.
He played up the “good news” from North American business that grew at a 2.8 percent clip.
Europe, up 0.3 percent, against a “very difficult comparable period," was another “source of satisfaction” for Sadoun.
Publicis enjoyed “an unprecedented track record of wins in the industry,” according to Sadoun, who pointed to global pick-ups of Mercedes Benz, Carrefour, Campbell’s and Marriott plus Red Bull in the US and Kraft Heinz in China.
He touted Publicis as “the only company in the world that can connect data, content and technology to deliver one-to-one consumer engagement at scale.”
Sadoun expects the Q1 account wins will drive Publicis to higher growth in 2018 than last year’s results. He is shooting for four percent organic growth by 2020.
WPP tops the Financial Times’ list of the biggest stock market losers for 2025. The share price of the owner of Burson and Ogilvy has plummeted 60 percent so far this year.
FTI Consulting handles media for Modivcare Inc., the Denver-based provider of non-emergency healthcare services. as a Texas federal bankruptcy court confirms its Chapter 11 restructuring plan.
WPP shares have been dropped from the London Stock Exchange’s prestigious FTSE 100 index as its stock market price has plunged by two-thirds this year.
Public Policy Holding Company registered 23.8 percent Q3 growth to $48.8M, with organic growth contributing 4.5 percent and the balance driven by merger & acquisition activity.
Publicis Groupe reported 3.1 percent in Q3 growth to $4B, sparked by a 3.6 percent jump North America, its biggest market.
