 Yannick Bollore |
Havas Group reported a 0.2 percent dip in Q3 growth to $620M largely due to a 10.9 percent decline in organic growth in the UK, where Unilever and Pernod Ricard trimmed outlays.
The French ad/PR combine produced solid gains in North America due to a revamp and "unflagging commitment of our teams," said CEO Yanick Bollore.
"Despite an ever more challenging sector environment, we remain positive over the mid-term because we believe firmly in the positive effects of our strategy and in our client-centric organization," he said in a statement. "We will be forging ahead with our strategy to make our structures and the organization of our Villages even more fluid."
Bollore expects growth from the alliance with Vivendi Group "to work together on creating a world leader in content, communication and distribution.”
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. 
