NEW YORK—Interpublic Group, parent of public relations firms including Weber Shandwick Worldwide, GolinHarris and MWW Group, has reported a net loss of slightly more than $6 million for the third quarter of 2006, an improvement over the same period a year ago, when the communications holding company lost around $108 million.
For the first three quarters of 2006, IPG has narrowed its net loss to about $131 million compared to $255 million for the first nine months of 2005.
Its revenue for the third quarter was flat at around $1.45 billion, with revenues from the first nine months down about 2 percent, to $4.31 billion compared to $4.38 billion last year. But IPG chief executive Michael Roth sounded an optimistic note: “All of our companies are demonstrating that they are increasingly competitive in the marketplace. We continue to believe that we are well-positioned for improved performance next year and to achieve our 2008 turnaround goals.”
Meanwhile, Havas—parent company of the Euro RSCG public relations brands and of financial communications specialist Abernathy MacGregor Group—reported a flat third-quarter, with a revenue gain of less than 1 percent to approximately $435 million compared with the same period a year ago. For the first nine months of 2006, Havas revenue was up about 2 percent to $1.35 billion.
Continental Europe was the best performing region for the French company with growth in excess of 16 percent, compared to 7 percent in North America.