Publicis Groupe has reported a 4.4% dip in revenue for the first three months of the year, to €1.08 billion.
Publicis, which owns Saatchi & Saatchi and ZenithOptimedia, saw revenues fall in all regions except Latin America and the Middle East and Africa, with central European markets proving more resilient than western Europe.
Maurice Levy, chairman and CEO of Publicis, said: “Although I cannot be satisfied with the decrease in our organic growth, all available indicators seem to point in the same direction — market deterioration is much worse than anticipated.
“Our main competitors have published numbers with a decline between 5.6% and 6.6%, clearly showing that Publicis Groupe is gaining market share.”
Yesterday, WPP announced a 5.8% year on year fall in like-for-like revenue for the first quarter of the year (see WPP reports first quarter 5.8% fall in revenue).
