Consumer goods ad spend slowdown keeps organic growth down at Publicis

April 21, 2017 10:19

Publicis Groupe has posted revenue growth of just 1.6% for the first quarter of 2017 with the company saying it is receiving “‘faint but encouraging signals” for the future.

Publicis reported revenue of €2.328b with Asia Pacific reporting €243m, up 5.7% on the previous quarter.

Chairman and CEO Maurice Levy said the outlook was cautious for the company which includes Saatchi & Saatchi, Leo Burnett, Marcel, ZenithOptimedia and Starcom.

“Our first quarter figures send out faint but encouraging signals as to the Groupe’s situation,” Levy said.

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Simon Canning

Simon Canning was Mumbrella's marketing and advertising editor from 2015-2017. In a career spanning journalism and communications over more than 30 years Simon has become one of Australia’s most respected analysts and commentators on the advertising, marketing and media industries. A regular commentator on radio and TV, Simon has also worked in media in the US and UK .

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