Interpublic Group's PR Q1 revenue sees high single-digit increase

The Constituency Management Group unit, which includes IPG's PR agencies, saw 1.6% organic revenue growth in Q1.

Interpublic Group chairman and CEO Michael Roth
Interpublic Group chairman and CEO Michael Roth

NEW YORK: Interpublic Group’s PR agency unit saw high single-digit revenue growth, on an as-reported and organic basis, in Q1 2015, according to Weber Shandwick CEO Andy Polansky.

IPG owns and operates Weber Shandwick, Golin, DeVries Global, and Cassidy & Associates as part of its Constituency Management Group.

"Overall, [we saw] solid contributions from across the portfolio," said Polansky. "We continue to see strong organic growth. One key driver is that the clients are turning to our [PR] agencies for more social and digital work as part of their core campaigns."

He added that Weber Shandwick had another strong quarter of double-digit growth on an organic and reported basis.

"Weber’s performance was strong around the globe," he noted. "We continue to take on more integrated assignments and we’re seeing strong performances in all of our major practice areas – healthcare, consumer marketing, technology, and upticks in corporate and public affairs."

Polansky said the firm also saw organic growth among its top clients, with Weber representing them in more global markets and offering additional capabilities. He declined to disclose any client names.

Around the globe, the firm had a particularly strong performance across China, New York, Chicago, Boston, its West Coast offices, and even Europe, "in spite of the continuing economic headwinds."

The Constituency Management Group unit reported a 1.6% year-over-year organic revenue increase in Q1 to $328.1 million.

As a whole, IPG reported 5.7% organic revenue growth in Q1 to $1.68 billion, driven by a 6.1% organic jump in US revenue. International revenue grew 5.1% organically during the period. The holding company saw a net loss of $4.2 million in the first quarter, and operating income of $7.8 million.

Organic growth represents change in revenue without taking into account the impact of acquisitions of disposals.

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