Publicis Groupe, Paris, reported consolidated revenue of $4.85 billion for the first nine months of the year, up 22% from the same period in 1998. Real growth after currency devaluation and inflation was 12%. The positive results point to end-of-year revenue growing more than 20%, with profits going even higher, Publicis said. Growth came from new acquisitions in the U.S. market and major account wins, including Swedish telco Ericsson's global business.
Copyright November 1999, Crain Communications Inc.