Publicis Groupe Reports Quarterly Results Below Expectations
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Publicis Groupe CEO Arthur Sadoun’s talk of “radical transformation” to analysts Thursday did little to dilute the impact of the real news in its third-quarter report: Worse-than-expected results. The company showed year-over-year organic sales growth of 1.2 percent to $2.67 billion, as opposed to the 1.8 percent analysts had wanted to see.
Sadoun noted a steady improvement in organic revenue, from a 1.2 percent decline in the first quarter to 0.8 percent uptick in the second quarter to the 1.2 increase now. But but didn’t give much insight into the rest of the year, as the agency-holding company heads often do.
The brightest spot for Publicis was North America, which accounts for 50 percent of the group’s business. Its year-over-year organic growth was 3 percent, an improvement over a flat second quarter.
