IPG Reports Less Than 1% Organic Growth for 2012
The Interpublic Group reported a 2012 revenue total of $6.96 billion, down 0.8% with net income down 16% to $464.6 million. Organic revenue growth for the year was 0.7%.
Fourth quarter revenue was $2.06 billion, down 0.4% with net income of $337.1 million, up 21%. Organic growth for the quarter was 0.4%. Of the holding companies reporting full year results so far IPG’s organic growth is lowest for both the full year and fourth quarter.
By comparison Havas last week reported 2012 organic growth of 2.1% and just over 1% for the fourth quarter. Earlier Omnicom said its 2012 organic growth 4% with 2.7% growth in Q4. The comparable figures for Publicis Groupe were 2.9% and 3.9% respectively.