Publicis Profits up 15% in First Half of 2013
Posted in: UncategorizedPublicis Groupe announced a 15% increase in net profit for the first half of of 2013 to $412 million, on revenues that were up by 8.7% to $4.4 billion. Organic growth, which strips out acquisitions and currency changes, rose by 5% in the second quarter, reflecting faster growth than earlier in the year. Organic growth was 3.2% for the first half of 2013.
North America, boosted by 12.3% digital growth in the first half, grew 7.7% in the second quarter (6.1% for the first half). North America outpaced even the usually faster-growing BRIC countries (Brazil, Russia, India, China) and MISSAT markets (Mexico, Indonesia, Singapore, South Africa, Turkey, which grew by 5.6% in the second quarter and 5.5% in the first half.
Maurice Lvy, chairman and CEO of Paris-based Publicis, said in a statement, “The strong organic growth acceleration at 5% in the second quarter allows the Groupe to significantly improve its performance. This should be put into the perspective of an unpropitious economic situation, fierce competition and an uncertain business environment. The emerging countries are slowing, Europe is struggling to get back on the road to growth, while the U.S. is consolidating its upturn.”
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