Despite Q2 Revenue Dip, IPG 'Confident' About Second Half of 2017
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Interpublic Group saw a 1.7% drop in second-quarter revenue from the period a year earlier, with a relatively flat organic revenue increase of 0.4%, but CEO Michael Roth said he was still confident that the agency holding company will hit its organic growth target for the year.
“Our agencies and our people remain best-in-class and our recent mid-year business reviews indicate that our operators have a range of opportunities in the second half of the year that make the lower range of our 3-4% annual organic revenue growth target achievable,” Roth said on this morning’s conference call. “Our new business pipeline remains solid, and we are fully competitive when opportunities do arise.”
Roth added that in order to deliver 3% or better organic revenue growth for the year, the holding company’s agencies will not solely rely on winning new business, but also focus on its existing client roster and top 20 clients.
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