Despite Q1 Growth, IPG CEO Predicts Q2 Will 'Not Be Pretty'

Holding company posted a minimal organic revenue increase

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IPG CEO Michael Roth struck a somewhat optimistic tone during the holding company’s first quarter earnings call, despite acknowledging that the next quarter will be “very difficult” due to the business impact of Covid-19.

The company’s organic net revenue grew 0.3% during the first quarter of 2020, compared with 6.4% growth during the same period last year. The holding company’s net revenue came in at $1.97 billion, a 1.6% decrease compared to the first quarter of 2019, but beat analysts’ estimates of $1.91

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