Publicis reports 1.4% Q2 revenue growth

Revenue was up 1.5% organically in North America, 2.3% in Europe, and 3.3% in Asia-Pacific in the quarter.

Publicis reports 1.4% Q2 revenue growth

PARIS: Publicis Groupe reported nearly $2.7 billion in revenue in the second quarter on Wednesday, an organic increase of 1.4% compared with the year prior.

In North America, revenues were up 1.5% organically to $1.4 billion during the quarter, 2.3% to $744 million in Europe, and 3.3% to $289.5 million in Asia-Pacific. However, organic revenue fell in the quarter in Latin America and the Middle East and Africa by 5.3% and 2.4%, respectively, to $110.4 million and $75.4 million.

The holding company, which owns and operates the MSLGroup network, did not break out individual PR numbers.

For the first six months of the year, Publicis saw positive revenue growth in all regions but Latin America. North American organic revenue increased by 1.2% to $2.7 billion, year-over-year. In Europe, revenue increased by 1.8% to $1.4 billion, and it was up by 3.1% organically in Asia-Pacific to nearly $531 million. Organic revenues in Latin America fell by 5.3% to $208.7 million, but increased by 0.4% in Africa and the Middle East to $132.2 million.

For the holding company as a whole, organic growth in the first half was 1.2% to $4.7 billion. It noted in an earnings report that organic growth should accelerate in the second half. Net income attributable to revenue was $396.6 million for the first six months of the year.

The holding company said the 1.2% organic revenue increase in North America was "due to weak growth in digital activities as a result of difficulties since Q2 2014."

While the holding company pointed out positive growth in France and Germany in its earnings statement, it said organic revenue was down 2.1% in the UK due to difficulties there for the past year. However, it noted that it saw signs of improvement in the second quarter.

The holding company also noted a good performance in India and a "return to positive growth in the second quarter in mainland China after several quarters in decline."

Organic growth or decline represents change in revenue without taking into account acquisitions or disposals.

Currency calculations were made using Google.

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