Aegis Posts Strong First Half Results

Aegis Group reported a 14.5% revenue gain for the first half of 2011 to $1.24 billion, with profits of $90 million, up 45%. The London-based media agency holding company said organic revenue growth, which is considered a key metric in the industry and excludes acquisitions, divestitures and currency fluctuations was 7.3% for the first six months of the year. That was at the high end of the organic growth range of other holding company competitors for the same period. Publicis Groupe, for example, reported 7.1% organic growth for the first half. The comparable figures for Interpublic Group and Omnicom were 6.8% and 6.2% respectively. Yesterday WPP reported organic growth for the period of 6.2%.
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