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Publicis Groupe, which will release its first-quarter financials on April 23, has decided not to issue guidance "due to the "uncertain, volatile and unprecedented economic situation."
Noting the COVID-19 pandemic has been the "source of great suffering," which "has forced a third of the global population to restrict its movements," CEO Arthur Sadoun said its "difficult to accurately predict the evolution of advertising and marketing spend."
He did say revenues at the end of February were in line with Publicis' 2020 roadmap.
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.
Institutional Shareholder Services advises investors to vote "no" on a compensation package for WPP chief Cindy Rose at the May 8 annual meeting.
FTI Consulting chalked up a 9.5 percent rise in Q1 revenues to $983.3M, powered by gains in its PR, corporate finance and technology segments.
Stagwell reports 4 percent growth in Q1 net revenues to $585M and a record $141M in net new business wins.
WPP reported a 6.7 percent drop to $3.1B in Q1 like-like revenues less pass-through costs. CEO Cindy Rose says 'it will take time to outpace historical losses."
