Publicis shows slow Q3 growth

PARIS: Publicis Groupe reported revenue of approximately $1.3 billion for the third quarter— $550 million of which was attributed to its North American operations.

PARIS: Publicis Groupe reported revenue of approximately $1.3 billion for the third quarter— $550 million of which was attributed to its North American operations.

The earnings showed an organic growth of 2.6%, slower than previous quarters.

Chairman Maurice Levy attributed this to the winding down of work on some accounts and cancellation of some campaigns during the summer.

Publicis' specialized agencies and marketing services group, which includes PR operations, added project work for Novartis, Ortho McNeil Neurologics, and King in the US. Other new accounts for the quarter included advertising for JC Penney and in-store marketing for Wal-Mart in the US, worldwide advertising for Sony Ericsson, and an extension of collaboration for Citibank in Europe and Asia. Publicis' PR agencies in the US include Manning, Selvage & Lee and Publicis Dialog.

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