Publicis reports 3.3% revenue growth, but says Europe remains ‘fragile’

Maurice Levy, CEO, said that first-quarter margins were "slightly better", without providing a comparable 2013 figure.

"Organic growth will not accelerate in the second quarter because of tough comparables, but it will in the third quarter," he said. "Europe remains fragile in my view, while China should see mid-single-digit growth, and digital double-digit growth."

Digital revenue across the company was up 10.4 per cent to €653m, accounting for over 40 per cent of the total revenue for the corporation.

However, the report showed that 72 per cent of FMCG clients spend was in analogue compared to digital, with TMT and financial being the only two sectors where more revenue were gained from digital.