Interpublic, owners of McCann, UM and 303Lowe in Australia, report third quarter revenues of US$1.84 billion, up from US$1.7bn in the same period last year, owing to a 6.3% organic growth within the conglomerate and 1.7% growth via acquisitions.
Reporting from the US overnight, Interpublic chairman and CEO Michael I. Roth also unveiled total figures for the nine months ending September 2014 show that income has already hit US$5.33bn, already up more than three million on the same period in 2013. Meanwhile, operating income for the third quarter of 2014 was $171.3 million, up from $141.5m in 2013.
The agency cites continued success in the US (growth of 5.2%) and increased business in emerging markets such as Latin America, where revenues grew 2.7% and Asia Pacific where it has seen growth of 1.7%. However, business in continental Europe declined by 1.3%.
Interpublic has won a number of pieces of new business in the US this year which it states will hold it in good stead for the final and busiest quarter of 2014. They include Pizza Hut, Cisco, Ulta, Office Depot and Choice Hotels.
Roth said: "We are pleased with strong growth in revenue and profitability during the quarter and for the first nine months of 2014. These results reflect the competitiveness of our agencies and the high quality of our people and our offerings, in all marketing disciplines and around the world."
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