 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 CEO Cindy Rose declares her stabilization plan is "firmly on track" as the company reports a 4.7 percent dip in 1H revenues.
FTI Consulting reported a 2.6 percent drop in Q2 strategic communications revenues to $100M, a shortfall largely due to a $7.4M decline in pass-through revenues.
Omnicom CEO John Wren reported a 7.2 percent rise in Q2 “core operations” to $6B and a 6.1 percent spurt on an organic basis.
Publicis Groupe’s H1 net revenues inched ahead by 1.1 percent to $8.3B. Organic growth hit the 4.7 percent mark.
Public Policy Holding Company grew 27.5 percent to $50.1M during Q1, powered by the accelerating contribution from recent acquisitions and a 5.1 percent hike in organic revenues across its three operating segments.
