Net organic growth on constant exchange rates was 6.3%, with Europe posting the highest regional growth at 8.2% followed by Latin America/Other (7.1%), North America (5%) and Asia/Pacific (2.7%).
Commenting on results, Maurice Levy, chairman of the Publicis Groupe, said, "Despite a generally gloomy economy, and while trends remain uncertain in advertising markets and published forecasts have undergone repeated downward revision, Publicis Groupe achieved satisfactory billings in the first half with total growth of 65% and organic growth of the expanded group of 6.3%. Over the same period, it is estimated that worldwide market growth in the sector was under 2%."
He added, though, that "we don't expect any spectacular improvement in the second half but we believe that advertising spending could pick up again due to some particular segments."
Publicis will post first-half income results on Sept. 13. -- Ali Qassim
Copyright August 2001, Crain Communications Inc.