Dentsu Revenues, Profits Up For First Nine Months
Dentsu said Thursday that it posted a 66.4% revenue gain to approximately $4.1 billion for the nine months ended Dec. 31.
Those results include Aegis Group, which Dentsu acquired in March of last year. The company said organic revenue growth, which excludes the impact of acquisitions, divestitures and currency fluctuations, was 5.8% for the nine month period. For the quarter ended Dec. 31, organic growth was 10.5%.
Dentsu reported a 3.8% gain in net income for the nine-month period. Billings for the period were up 17.7% to approximately $16.23 billion. The company’s fiscal year ends March 31.
The company said the Japanese economy “slowly recovered” during the nine-month period for which it reported results. In Japan, revenues were up 7.4%. Outside Japan, revenues were up 350%, largely due to the Aegis acquisition.
However, the company said “the global economy remained uncertain, due to concerns about the growth slowdown seen in China and other emerging economies.” The European economy, the company added, “has finally started to show signs of bottoming out.”
For the full year, revenues are expected
to be up 67% and net income is expected to decline nearly 9%. No reason was provided for the projected income decline.
This story has been updated to include organic revenue growth figures.
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