No Growth For Dentsu Group Through The First 9 Months

Dentsu Group reported a 1% gain in net revenues for the third quarter to approximately $2.076 billion, with an organic net revenue decline of 0.1%. Japan operations remain a drag on overall results.

For the first nine months of the year, net revenues were about $6.2 billion with an organic decline of 1%.

The group’s business outside Japan, Dentsu Aegis Network, posted a 4.6% gain in net revenue and an organic decline of 1% for the first nine months.

The Americas region continues to outperform the group as a whole. In the third quarter, DAN operations in the region reported 2.7% organic growth and 5% growth for the first nine months.

The U.S. posted double-digit organic growth in September driven by new business wins and strong growth at Carat, Merkle, Vizeum and DentsuX.

The company said its full-year guidance remains the same as in August, when it forecast a 4% dip in revenue for the full year and a nearly 42% profit shortfall.

Separately, Dentsu today provided more detail on its corporate restructuring that takes effect in January.


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