Weak advertising conditions have pushed down revenue growth at French ad network Publicis, according to the group’s first half financial results.
Ad revenues fell by around 6.0% in H1, resulting in an overall organic growth of -3.6% for the half, according to analysts at ABN Amro. Net new business wins were reasonably strong at E700 million.
The group said that the advertising market is currently characterised by a total lack of visibility for the rest of the year and beyond. Publicis is expecting flat full year organic growth.
