Levy Remains Optimistic About Publicis Full Year
Publicis Groupe SA, whose advertising agencies work for companies including Renault SA and Nestle SA, posted a 0.9 percent increase in second-quarter revenue, boosted by its European business. Sales rose to 2.46 billion euros ($2.7 billion), the Paris-based owner of advertising agencies including Leo Burnett and Saatchi & Saatchi said in a statement Thursday. That matched the average estimate in a Bloomberg survey of analysts. Organic growth, which strips out effects from acquisitions and currency swings, was 2.7 percent, lifted by advances in digital business and good performance in health care. Publicis CEO Maurice Levy tells Bloomberg's Caroline Connan that third quarter will be hit by contract losses and offers his opinion on Britain's vote to leave the EU.