Maurice Levy on Omnicom Merger: ‘Life is Good for Publicis Whatever Happens’
Posted in: UncategorizedPublicis Groupe said organic revenue grew 3.3% in the first quarter of the year compared to a year earlier, up from a weak 0.7% increase in the final quarter of 2013. Revenue, 41% of it digital, increased 2.2% to $2.2 billion, the company said.
In North America, organic revenue growth reached 4.3%, while in Europe it was 2.1%, helped by a buoyant Germany (up 9.9%) and a return to growth for Spain (1.1%) for the first time since 2011, but held back by a generally weak southern Europe and a 1.6% decline in the U.K.
Organic revenue in the BRIC countries — Brazil, Russia, India, China — and MISSAT — Mexico, Indonesia, Singapore, South Africa and Turkey — edged up 0.5%. The area called Greater China (including Hong Kong and Taiwan) posted 0.2% growth after a fall of 10.8% in the fourth quarter. Brazil was up 3%, Russia up 7.6% and Turkey up 23.8%, but declines hit the business in India (down 18%), Africa (down 6.2%) and Mexico (down 3.3%).
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