IPG posts 7.4% net revenue growth in 2019, but expresses concern for staff and clients amid coronavirus outbreak
IPG’s 2019 net revenue grew 7.4% to US$8.63bn, with chair and CEO Michael Roth taking the opportunity of the results’ release to express concern and support for the company’s staff and clients in China given the Coronavirus outbreak.
“As we turn to our outlook for 2020, our first thoughts are ones of concern and support for our people, clients, and partners in China, and for everyone around the world contending with the coronavirus outbreak,” he said. “We are closely monitoring the situation and are focused on the well-being and safety of our people, and are taking appropriate steps to protect them during this difficult period.”
IPG’s Roth
…poor result for our part of the world. And with McCann in Aus presumably a licensing fee not a revenue contribution (although maybe it was a negative contribution?) before long, don’t see down under…