Publicis, the world's fifth-largest consolidated advertising group, reported billings of $10.9 billion in 2000, up 72% from billings in 1999.
Similarly, the group reported revenues of $1.6 billion, up 70% on revenues in 1999, and a net profit before amortization and exception charges of $139 million, up 83% on the previous year's figure. It also reported net earnings-per-share of $1.29, representing a 49% increase over 1999, and will pay a cash dividend of $0.19 per share, reflecting an 18% increase over last year.
The results consolidate acquisitions made during the year, from the date of purchase. Thus Publicis' $2.1 billion acquisition of U.K.-based Saatchi & Saatchi contributes four months to the final result, while the late-1999 takeover of U.S.-based health care specialist Nelson Communications contributes two months to the final results.
Publicis Chairman Maurice Levy is scheduled to give a detailed briefing of the results to analysts and journalists on March 16 in Paris.
Copyright March 2001, Crain Communications Inc.