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| Arthur Sadoun |
Publicis Groupe CEO Arthur Sadoun reports 5.2 percent 2Q net revenue growth to $3.5B as the French combine shifted its orientation from a “communications to transformation partner” for its clients.
Organic growth was up 7.1 percent, which was ahead of expectations.
Sadoun claims Publicis is “positioned to lead the future of our industry which will be shaped by data, tech and AI that is already the heart of our business model.”
Publicis enjoyed 14.1 percent growth to $890M in Europe during the quarter.
Central & eastern Europe grew 17.1 percent organically, driven by double-digit growth in Poland, Hungary and Czech Republic and the resumption of activity in Ukraine.
North America was up 2.2 percent to $2.2B.
Sadoun upgraded organic growth guidance for 2023. Publicis now expects to grow five percent vs. the earlier three to five percent range forecast.
Stagwell registered an eight percent rise in Q1 revenues to $670M and a $1.3M net loss compared to a $1.4M profit last year.
WPP reported a 5.5 percent decline in Q1 PR revenues to $292M as its BCW and Hill & Knowlton units suffered the loss of Pfizer assignments, and cutbacks in client spending due to the economic uncertainty.
Interpublic CEO Philippe Krakowsky said the firm is off to a “solid start to the year” as its flat $2.2B net revenues are in line with 2024 financial targets.
Why financial planning always plays a crucial role in every PR firm’s success.
Omnicom CEO John Wren reports Q1 revenues jumped 5.4 percent to $3.6M, powered by a solid 7.0 percent rise in its advertising & media segment.
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