IPG revenues up as losses fall

Interpublic Group has reported a rise in revenue of 4.4 per cent at its Constituent Management Group, for the first three months of the year.

Revenue rose at CMG, which comprises FutureBrand, Jack Morton, Weber Shandwick, De Vries, Golin Harris and Octogan, from $218m (£110 m) in the first quarter of 2006 to $227.9m (£115m) for the same period this year.

However overall, Interpublic recorded a first quarter loss of $132.8m (£67m). This is an improvement on like-for-like losses last year of $182.1m (£92m).

CMG contributed 43 per cent of the revenue increase from $1.33bn (£672 265m) to $1.36bn (£687 430m) for Interpublic Group, while its Integrated Agency Networks including McCann Erickson, Draft FCB and Lowe, added 57 per cent.

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