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.