IPG records 5.8 per cent revenue growth for 2014
InterPublic Group (IPG) saw revenue grow by 5.8 per cent during 2014 to $7.54bn, it has revealed, while Q4 revenue was up by 4 per cent to $2,207bn.
In announcing its year-end results, the network, which owns marketing services agencies such as Universal McCann, FCB and Deutsch saw revenue grow by 5.3 per cent in America to $4.184m and by 6.5 per cent internationally to $3,353m.
Michael Roth, chairman and chief executive of IPG, said that the company was “pleased” with the “strong” figures for the year, and said that they reflected “significant progress” in the marketplace and exceeded growth targets.
“The competitiveness of our agencies, digital capabilities and offerings in key growth markets — combined with our ability to deliver custom integrated solutions to our clients — is evident in the group's continued strong organic growth and positive new business momentum," he added.
“Going forward, we will continue to invest in talent and behind the growth sectors of our industry, so as to further enhance our portfolio of offerings, which is highly relevant in today's dynamic and complex consumer media landscape, he added, stating that he believed the “tone” of the business was “solid” but that macro uncertainty remained as a result of both currency and within Europe.
Last week, the network appointed Deborah Ellinger, Henry Miller, and Jonathan Miller to its board ahead of the retirement of Jill Considine and Richard Goldstein.
Earlier this week, Omnicom and Publicis Groupe both released their year-end financial figures for 2014.
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