• by Fern Siegel , February 10, 2022

IPG released its 2021 and Q4 results today, with CEO Philippe Krakowsky noting the company is “well-positioned” in a dynamically changing environment.

The 2021 report was positive overall, with Krakowsky adding he was “excited about what’s ahead.” He predicts organic revenue growth of 5% for 2022.

As for the past year’s performance, the holding company reported organic net revenue growth of 11.9% and full-year cash flow from operations of $2.08 billion, with year-end cash and equivalents totaling $3.3 billion.

Full-year 2021 net revenue hit $9.11 billion, an increase of 12.9% compared to $8.06 billion in 2020.

Fourth-quarter 2021 revs also rose. Net revenue growth was up 11.6% to $2.55 billion versus $2.28 billion in Q4 2020. Organic growth increased by 11.7%. U.S. organic growth of net revenue was up 12.1%, with international organic growth of net revenue rising 11%, delivering Q4 net income of nearly $378 million.

Krakowsky credited a “combination of strategy, talent and culture” for the company’s strong performance. It reflects “more than the cyclical economic recovery, it further validates the growing role we are playing with marketers as they adapt and enhance their businesses.”

Media, data, tech and healthcare were cited as the strongest growth sectors for the company. Specific divisions reported double-digit growth in retail, auto, telecom and media. The latter thanks to new business wins by UM, McCann, MullenLowe, Deutsch LA and R/GA. FCB NY and FCB/SIX were touted for winning Grand Effies.

IPG’s regional breakdowns were also upbeat: The U.S. saw a 12.1% uptick in organic net revenue; Latin America 22.5%; the U.K. 6.2%; Continental Europe 6%; Asia-Pacific 8.7%.

The CEO predicted 2022 would “consolidate the significant gains” of the past two years, calling the current environment “healthy.”