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| Philippe Krakowsky |
Interpublic CEO Philippe Krakowsky said Q1 net revenues rose 9.8 percent to $2.2B due to increases in business across a broad range of sectors and geographies.
Net organic growth clocked in at 11.5 percent.
Krakowsky credited IPG’s ability to meet the “evolving needs of modern marketers for more digital, precise and data-informed thinking” among the reasons for the firm’s upbeat financial performance.
Though concern over geopolitical and public health issues contributes to economic uncertainty, Krakowsky said the “tone” of IPG’s business remains positive.
He bolstered the outlook for 2022 organic growth from five to six percent.
Interpublic’s specialized communications & experiential solutions group, which includes the IPG DXTRA 27-brand collective, enjoyed 11.3 percent growth to $336.3M.
That topped the 9.7 percent increase in the media, data & engagement group and the 9.5 percent uptick in the integrated advertising segment.
On an organic basis, the SC&ES operation was up 12.5 percent.
Andy Polansky, CEO of IPG DXTRA, told O'Dwyer's that the PR units achieved high single-digit organic growth during the period. That's up from low single-digit growth.
Golin continued to be a "stand-out" performer, picking up GrubHub and new assignments from NAPA auto parts.
Weber Shandwick added significant business from GSK for a treatment for chronic kidney disease anemia, while R&CPMK picked up business from Apple TV ("They Call Me Magic").
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."
