Interpublic CMG revenue climbs 5.7% in Q1

Interpublic Group, the parent company of Weber Shandwick, GolinHarris, and DeVries, reported 5.7% organic revenue growth for its Constituency Management Group, which houses its PR agencies.

Interpublic Group CEO Michael Roth
Interpublic Group CEO Michael Roth

NEW YORK: Interpublic Group, the parent company of Weber Shandwick, GolinHarris, and DeVries, reported 5.7% organic revenue growth for its Constituency Management Group, which houses its PR agencies.

The unit recorded $321.8 million in revenue in the first quarter of 2014, a 6.6% rise on a reported basis.

CMG also includes sports marketing agency Octagon and event-production firm Jack Morton, but not Minneapolis-based Spong, which rebranded from Carmichael Lynch Spong last week.

Interpublic Group as a whole, including advertising and media agencies, achieved revenue of $1.3 billion in the quarter, an increase of 6.6% compared with the prior year. US organic revenue growth was 4.8% in the period, while posting 9.1% internationally.

The group posted an operating loss of $12 million in the quarter, compared with a loss of $42 million in the same period of last year.

Organic growth represents change in revenue without measuring the impact of acquisitions and disposals.

This story originally appeared on the website of PRWeek UK.

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