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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.
WPP chief Cindy Rose is cutting up to 1,000 jobs by the end of the year, adding to the 11K jobs lost since the start of 2025, according to a report in the Financial Times.
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.
