Publicis revenue numbers down in first half of ‘07

PARIS: Publicis Groupe is reporting low organic revenue growth, only 1.6%, for the first half of 2007. Some of the factors contributing to the weak results are a loss of clients in the pharmaceutical sector and comparison with high billing levels in the first half of 2006. Organic growth for the first half of 2006 was 6.8%. New business signed so far this year includes P&G's Oral B and Wal-Mart, with total new business coming in at $3.5 billion. Nevertheless, Publicis is forecasting between 4% and 5% organic revenue growth for the year, slightly less than the 5% that had been previously quoted.

PARIS: Publicis Groupe is reporting low organic revenue growth, only 1.6%, for the first half of 2007. Some of the factors contributing to the weak results are a loss of clients in the pharmaceutical sector and comparison with high billing levels in the first half of 2006. Organic growth for the first half of 2006 was 6.8%. New business signed so far this year includes P&G's Oral B and Wal-Mart, with total new business coming in at $3.5 billion. Nevertheless, Publicis is forecasting between 4% and 5% organic revenue growth for the year, slightly less than the 5% that had been previously quoted.

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