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.
Publicis Groupe’s H1 net revenues inched ahead by 1.1 percent to $8.3B. Organic growth hit the 4.7 percent mark.
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.
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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.
