Publicis Records Modest Gains

CHICAGO Publicis Groupe on Thursday reported a 2 percent improvement in organic revenue for the third quarter compared with the same period a year ago. That figure excludes acquisitions.

The Paris-based holding company posted approximately $1.1 billion in revenue for the quarter, up 56 percent from the same period a year ago, but the bulk of that increase stems from the September 2002 purchase of Bcom3.

In a statement, Publicis CEO Maurice Levy said the quarter yielded “confirmed growth” in North America, to a lesser extent in Latin America, but “the situation in Europe remains a concern … several European markets still remain difficult.”

Organic growth for the year is up 2.6 percent in North America, but down 3.6 percent in Europe, according to figures from the company.

Levy reaffirmed that the company expects to have an operating margin of 15 percent for the second half of this year, and he said the company looks to maintain that pace through 2004.

This story updates and corrects an item posted earlier today with revised revenue figures.