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Publicis Reports Revenue Growth

Publicis Reports Revenue Growth

Publicis Groupe has reported revenue growth of 8.2% for the first quarter of 2008, to €1.06 billion (£830 million).

The company said that it expects good growth this year, driven by its digital and media businesses and growth from emerging markets where it has operations.

The falling US dollar hit revenues by around €61 million, despite the fact that in US dollars growth for North America stood at 8.2% for the first quarter, compared with the same period last year.

Publicis added that new business wins would help to maintain its growth.

Maurice Levy, Publicis chairman and CEO, said: “The strategy deployed in recent years and the investments to bolster our digital activities and expand business in the emerging countries are producing very positive results that should continue and even improve over the next two to three years. Our margins and financial indicators in the first quarter were in line with our plans. ”

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