Dentsu Reports Strong Q3 Organic Growth, Ups Guidance For FY 2021

Dentsu Group reported a net revenue gain of 32.5% in the third quarter to 256 billion Japanese yen (approximately $2.25 billion).

The Tokyo-based advertising and marketing holding company reported groupwide organic revenue growth of 27.8%.

Dentsu International (operations outside Japan) reported organic growth of 13.4% boosted in part by a 17.3% surge in media operations and strong performances from commerce and customer experience operations.

The company upgraded its guidance for the full year forecasting 12% organic growth for the group, including 17% organic growth for operations in Japan and high-single-digit growth for Dentsu International.

The Americas operation reported 16.3% organic growth in the third quarter and 8.8% growth for the first nine months of the year. In the U.S. Q3 organic growth was 16% which the company said was driven by a 25% growth spurt for media, “with the month of September particularly strong.”

The creative business in the Americas posted growth of 20%, driven in part by project work from existing clients and the continuing recovery of experiential marketing amid some easing of the pandemic.

advertisement

advertisement

Organic growth in the Europe, Middle East & Africa region was nearly 13% in Q3 and 10% for the first nine months. The comparable figures for the Asia Pacific region (excluding Japan) were 7.6% and 5%.

Separately, the company reported a CEO switch and other top management changes, including naming longtime company veteran Tim Andree as non-executive chairman.

Next story loading loading..