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| Arthur Sadoun |
Publicis Groupe CEO Arthur Sadoun reports a 1.6 percent rise in Q2 growth to $2.4B, a performance that was hampered by lackluster results on the US advertising front as clients slash fees.
He expects to remedy the ad sector through an organizational revamp and an increased emphasis on cross-selling of services.
Sadoun stressed that organic growth returned to "positive territory," albeit at a 0.1 percent clip.
Though organic growth is "healthy and built on solid foundations," the French ad/PR combine sees short term challenges ahead.
"Our clients are suffering from various pressures leading to budget cuts and fee reductions in sectors where we have a disproportionate share of market," said Sadoun.
He also said the profound disruption and transformation sweeping the communications sector has penalized Publicis in the short-term.
Over the long haul, Sadoun believes the combination of Sapient and Epsilon (data tech platform) positions Publicis as the leader in delivering "personalized experiences at scale" to clients.
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.
