Interpublic global revenue grows 6.2%

LONDON - Interpublic Group, parent to Universal McCann and Initiative, has posted revenue growth of 6.2% for 2008, with an 8.5% operating margin, in line with company objectives.

Focused: Michael Roth, group chairman and chief executive, Interpublic
Focused: Michael Roth, group chairman and chief executive, Interpublic

Full year revenue for the communications group, which also houses advertising agencies Draftfcb, Lowe Worldwide and McCann Erickson, was $6.96bn, compared to $6.55bn in 2007.

The performance was hailed as "very strong" by Michael Roth, group chairman and chief executive, despite an $80m drop in fourth quarter revenue.

Roth attributed the slowdown to "the negative effect that the broader economic situation is having on the marketing services sector", but said the group's "conservative approach" to financial management meant it was well positioned for these volatile times.

He added: "Given that it's unclear how pronounced or lasting the downturn will be, we must continue to remain focused on the basics: delivering value to our clients and ensuring that we continue to manage to our margins."

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

Gravity Road: new Bombay Sapphire Imagination Series 'exceeds' our 2013 Bafta win

Gravity Road: new Bombay Sapphire Imagination Series 'exceeds' our 2013 Bafta win

Bombay Sapphire has launched the second year of its 'Imagination Series' of five sponsored short films, after one from last year's series won a Bafta for Gravity Road in January.

Share
Outdoor Campaign of the Month: Just Eat
[Sponsored feature]
Share
Bauer launches daily football stats email The Equaliser

Bauer launches daily football stats email The Equaliser

Bauer Media has launched The Equaliser, a football-based daily email combining sports statistics and analysis, targeting desktop and mobile users.

Share

Get news by email