 |
| Alejandro Romero |
LLYC reported first-half revenues grew 12 percent to $54M, while EBITDA advanced 9 percent to $9.7M. Organic growth rose 8 percent.
The results include LLYC’s March acquisition of an 80 percent stake in BAM, a 36-member San Diego shop that services the technology and venture capital segments.
That deal, which was valued at $13.2M, makes the US LLYC’s No. 3 market, following Spain and Mexico.
LLYC CEO Alejandro Romero said he’s pleased with the positive 1H results that were achieved despite a complex global context.
“We’ve seen a significant upswing in our numbers since Q2, and our digital and marketing solutions, as well as our focus on healthcare, give us every reason to remain optimistic about our future prospects,” he said.
Romero anticipates that LLYC will record double-digit growth for the full 2023 year.
WPP shares have been dropped from the London Stock Exchange’s prestigious FTSE 100 index as its stock market price has plunged by two-thirds this year.
Public Policy Holding Company registered 23.8 percent Q3 growth to $48.8M, with organic growth contributing 4.5 percent and the balance driven by merger & acquisition activity.
Publicis Groupe reported 3.1 percent in Q3 growth to $4B, sparked by a 3.6 percent jump North America, its biggest market.
WPP suffered a 10.2 percent drop in 1H revenues to $6.7B and a 47.8 percent plunge in operating profit to $297M.
Interpublic reported Q2 net revenues dropped 6.6 percent to $2.2B and operating income tumbled 23.4 percent to $243.7M. 
