IPG reports total revenue for 2015 grew to $7.61bn
Interpublic has released healthy financial results for 2015 with revenue up 5.8 per cent from last year.
Interpublic Group Michael Roth
The advertising holding company reported that total revenue for 2015 was $7.61bn, compared to $7.54 billion in 2014.
Operating income was for the year was $871.9m, up from $788.4m in 2014. The operating margin also grew to 11.5 per cent from 10.5 per cent in 2014.
The company revealed that from next month it will increase quarterly share dividends by 25 per cent from $0.12 to $0.15 per share. The board has also revealed a new programme to buy back up to $300m IPG common stock.
Michael Roth, the chairman and chief executive at IPG, summed up 2015 as “a very successful year, with notable accomplishments in the marketplace and strong financial results".
He added: "Across the group, the quality of our people and our offerings is at its highest level in well over a decade.
"The key drivers of our industry-leading organic revenue performance have been talent acquisition and development, particularly in creative and strategic roles, our ‘open architecture’ model of integrating services, as well as the deep digital expertise we have embedded into our agencies.
"Our commitment to developing new skills, products and technology-enabled capabilities has allowed us to stay highly relevant in a very dynamic industry.
"We continue to convert growth to profit at a high level, which led to operating margin improvement of 100 basis points in 2015."
For the future, Roth is looking for the company to grow organically by between 3 per cent and 4 per cent.