Interpublic profits drop 3.1% to $105.5m

Be the first to comment
Michael Roth: chairman and chief executive of Interpublic
Michael Roth: chairman and chief executive of Interpublic

Interpublic (IPG), the world's fourth largest advertising group, has become the first of the big four to reveal a drop in second quarter profits.

IPG yesterday unveiled a 3.1% year-on-year drop in second quarter net income to $105.5m (£67m).

Its figures follow better results from Omnicom, with net income up 2%, and Publicis Groupe, with pre-tax profits up 19.6%. WPP is set to report its second quarter results in August.

IPG, which owns McCann Erickson and DraftFCB as well as media networks Universal McCann and Initiative, was hit by a 3.7% decline in revenue in its home turf of the United States to $950.8m.

International revenues rose 1.6% to $764.8m, but overall revenues fell 1.4% to $1.72bn.

Michael Roth, chairman and chief executive of Interpublic, said: "The global economic situation remains uncertain, which will require vigilance.

"We are nonetheless targeting stronger growth in the second half, in order to achieve our full year 2012 objective of 3% organic revenue growth."

The group’s second quarter organic revenue growth was 0.8%.

Tags

SUBSCRIBE TO CAMPAIGN

Only £57 for 3 months

Includes every print & iPad edition, plus full access to Campaign online and other Brand Republic sites.

SUBSCRIBE

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now

Campaign Jobs

Thousands of jobs across advertising, creative, marketing and media

Twitter reveals insights from best social campaigns of 2015
Shares0
Share

1 Twitter reveals insights from best social campaigns of 2015

Twitter UK's head of brand strategy reviews some of the best campaigns on the social media platform last year and shares insights to help brands in 2016.

Just published