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Publicis Revenue Rises; Sticks To Targets

  • Reuters, Monday, October 29, 2007 11:30 AM

Publicis posted a 4.6% rise in its underlying third-quarter revenue and is sticking to its full-year financial targets. The French advertising and marketing services group pulled in some $1.61 billion for the three months ended Sept. 30, a 10.8% gain on a reported basis which includes the impact of acquisitions and currency exchange rates.

The company also confirmed its goal for 2007 underlying revenue growth of over 4%. However, Publicis sees a drop of between 20 and 50 basis points in operating margins for the year, largely due to the integration of Digitas. For 2008, it has targeted an operating margin of 16.7% vs. 16.3% in 2006.

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