Publicis Groupe CEO Arthur Sadoun today reported a 2.2 percent rise in Q2 revenues to $2.9B at the France-based ad/PR conglom.
First-half revenues jumped 1.9 percent, a period that Sadoun described as “particularly dense” due to moves to revamp corporate governance and roll “The Power of One” strategy designed by predecessor CEO (now chairman) Maurice Levy,
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Arthur SadounImproving organic growth is Sadoun’s No. 1 priority. Organic growth clocked in at +0.8 percent during Q2 with North America returning to positive territory. It slipped 1.2 percent during Q1.
Organic growth during Q2 benefited from gains from accounts won during 2016, including Walmart, Motorola, USAA, Asda and Lowe’s.
Publicis expects “sequential improvement” in organic growth during the current quarter.
Sadoun said Publicis is at the beginning of implementing an action plan. He promises a “concrete and articulate update” during the coming months.
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. 
