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| Arthur Sadoun |
Publicis Groupe posted 9.4 percent growth in Q1 net revenues to $4B as the French firm enjoyed a record new business run, according to CEO Arthur Sadoun. It was up 4.9 percent organically.
Sadoun said Publicis chalked up “a dozen material wins across diverse sectors, geographies and expertise," which will enable it to “offset the potential effects of the deteriorating macroeconomic context.”
The US region showed an 11.3 percent spurt in revenues to $2.5B. It was up 4.8 percent, organically.
Europe posted 4.4 percent growth in revenues to $936M, up 2.7 percent on an organic basis.
Asia-Pacific enjoyed a 7.5 percent hike in revenues to $324M, powered by a rebound in China. The region registered 4.8 percent organic growth.
Sadoun said Publicis has never been "in a stronger position to help our clients, in the good times, and even more importantly, in the challenging ones."
He anticipates organic growth in the four-to-five percent range for the full year.
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."
