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Publicis Groupe today reported lower-than-expected first-quarter organic revenue growth of slightly more than 1 percent to $2 billion.
In releasing the results, the Paris-based holding company blamed tough comparisons in the year-earlier quarter, when it reported a 4 percent revenue gain, and continuing economic turmoil in the Eurozone.
“As I predicted, 2013 is turning out to be a difficult and contrasted vintage, with, on the one hand, the United States consolidating their growth and, on the other, Europe suffering,” Publicis Groupe CEO Maurice Lévy said, in a statement.
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