Havas Group reports a 1.9 percent rise to in first-half revenues to $1.3B and a 34 percent drop in net income to $98M as growth slowed during the period. Organic group was off 0.4 percent.
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Yannick BolloreBlaming an industry-wide funk, Havas CEO Yannick Bollore said Havas was hurt by cuts in client spending, pressure on margins during contract negotiations/renegotiations, and economic slumps in formerly high-growth markets such as Brazil, Mexico, China and India.
Though Bollore anticipates a slight improvement during the second-half, he cannot confirm earlier forecasts of full-year organic growth between two to three percent.
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."
