Publicis Reports Disappointing Quarterly Results After Epsilon Acquisition News

4.3% organic decline in North America


Following its announced plans to acquire data intelligence company Epsilon for an estimated $4.4 billion on Sunday, Publicis Groupe released its first quarter earnings report for 2019 early, posting an organic decline of 1.6%.

The 1.6% decrease excluded results from Publicis Health Solutions, which the holding company sold to Altamont Capital Partners in January.

The holding company reported revenue growth of 1.7% to 2.1 million euros ($2.4 million) for the quarter, which Publicis Groupe chairman and CEO Arthur Sadoun described in a statement as “in line with expectations.”

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