Publicis Groupe's Arthur Sadoun reported Q1 revenues jumped 17.1 percent to $3B, driven by a robust demand for its Publicis Sapient and Epsilon digital offerings.
Organic growth rose 10.5 percent compared to a 2.8 percent year-ago increase.
Sadoun said Publicis showed robust growth in Europe, especially in France and the UK; solid gains in Asia (China was up double-digits); and continued momentum in the US.
The financial results included a $94M “exceptional disposal loss” for the transfer of Publicis in Russia ownership to founding chairman Sergey Koptev.
The 1,200-member group was “deconsolidated” from Publicis' financial structure effective April 1.
Though the French ad/PR group recorded a “stronger-than-expected start of the year,” Sadoun declined to upgrade 2022 guidance due to much uncertainty ahead from the COVID-19 pandemic, Russia's invasion of Ukraine and raging global inflation.
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