Publicis Groupe Posts Weak Results

CEO Maurice Lévy braces for a 'difficult' year

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Publicis Groupe delivered disappointing second-quarter and first-half results, with chief Maurice Lévy saying 2014 will “be a difficult year.”

The French holding company posted flat organic growth in the second quarter, compared to a more than 3 percent increase in the first quarter. Revenue dropped 1.5 percent to $2.37 billion.

In the first half, organic revenue grew nearly 2 percent while revenue was flat at $4.52 billion. Net income plummeted 17 percent, to $350 million, from the year-earlier period.

“These figures are not satisfactory by our standards.

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