Publicis Groupe (PGPEF.PK,PUBGY.PK) reported that its third-quarter consolidated revenue was 2.26 billion euros, down 2.2% from 2.31 billion euros for the corresponding period in 2016. Growth at constant exchange rates was 1.9%. Organic growth stood at 1.2% in the third quarter.
The Group said it benefited from the ramp-up of contributions from accounts gained since the second quarter 2016, in particular those of Walmart, USAA, Asda, Motorola and Lowe's. Organic growth remained impacted by the SapientRazorfish restructuring and the impact on revenue of the ending of non-profitable contracts.
At September 30, 2017, Publicis Groupe's year-to-date revenue stood at 7.11 billion euros compared to 7.07 billion euros in 2016, an increase of 0.6%. Organic growth stood at 0.3% at September 30, 2017.
Looking forward, the Group said it expects better organic growth in the second half of 2017 by comparison with the first half of the year.
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