IPG revenue growth up 15.7% in Q3, APAC up 17.4%

Interpublic Group (IPG) has posted a Q3 2021 revenue growth of 15.7%, to US$2.26 billion. The Asia Pacific region also posted a strong increase, up 17.4% to US$166 million.

Net income as was US$239.9 million, adjusted EBITA before restructuring costs was US$369.5 million, a 16.3% margin on net revenue.

The group upgraded its expectation for the FY 2021 financial performance to organic growth of approximately 11% and adjusted EBITA margin of approximately 16.8%, based on continued progress on public health and sustained macro recovery.

First nine months 2021 net revenue of US$6.56 billion represents an increase of 13.5% compared to US$5.78 billion in the first nine months of 2020 First nine months 2021 total revenue, which includes billable expenses, of US$7.31 billion was up 12.3% compared to US$6.51 billion in 2020.

The company’s restructuring during 2020 to lower its operating expenses saw a cost of US$47.3 million and US$159.9 million for the three and nine months ended 30 September 2020. There have been no further restructuring charges in 2021.

IPG financial results, Q3 2021 [click to enlarge]

“We are pleased with our third quarter performance, which was highlighted by strong revenue growth in all world regions and across our operating segments, and driven by broad-based contributions across our agencies and client sectors.

“The strategic steps we have taken over the long-term position us as a high value business partner that helps marketers thrive in the digital economy. By combining the power of creativity with the benefits of data and technology, we can create integrated solutions that are precise and accountable, solving business issues and driving growth for clients across a range of industry sectors. A culture that values diversity, corporate responsibility, and a transparent and ethical approach to the deployment of data further differentiates IPG.”

The United Kingdom reported a net revenue growth of 13.3% while the US reported a 14.7% increase for the quarter.

IN Australia IPG owns agencies such as UM, Initiative and Magna.


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