Aegis reports revenue growth of 14.5% for 2012 so far
International marketing group Aegis has revealed a growth in group revenue of 14.5 per cent for the first three quarters of 2012 as its acquisition by Dentsu moves closer.
The financial growth of the company was partially due to it's net new business worth $2.9 billion during the first nine months of 2012, up from the figure of $2.4 billion last year.
During the third quarter, Aegis has also made a number of business acquisitions and investments, including iSpy Marketing in the UK, IQ Mobile in Austria, W Garden in France, Hablar in Japan, Catchstone in China and Finish company Irokeesi.
In July, the board of Aegis also announced its agreement with Dentsu to allow a recommended cash offer from the company to progress, with the deal expected to take effect from February 2013.
Jerry Buhlmann, chief executive officer of Aegis Group, said: “Aegis produced another strong performance in the third quarter of 2012, with continued market-outperformance and sector-leading organic growth. Our strong business mix, supported by targeted acquisitions, gives Aegis a unique opportunity to deliver the integrated campaigns our clients require in the convergent media environment.”
Meanwhile, Paul Davey, managing director of media for Aegis Media Pacific has reportedly resigned with a return to working in the US said to be on the cards.