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Tag: Michael Roth

  • Interpublic is first US ad holding company to join UN Global Compact

    Interpublic is first US ad holding company to join UN Global Compact

    MUMBAI: Interpublic Group (IPG) has signed on to the United Nations Global Compact, thus becoming the first US based ad holding company to do so.

     

    The UN Global Compact is an initiative to encourage companies to align strategies and operations with universal principles on human rights, labor, environment and anti-corruption, and to report on the actions the company takes to advance these societal goals.

     

    “By joining with top companies and organizations around the world in signing onto the UN Global Compact, we affirm our public commitment to sustainability principles that are in line with IPG’s long-term goals both as a public company and a corporate citizen,” said IPG chairman and CEO Michael Roth. “As the creator of some of the world’s most iconic marketing campaigns, we understand our responsibility to ensure that the work we do and how we deliver that work are in sync with the long-term health of our communities. These issues are important to our shareholders, to our 50,000 employees, to our clients, and to consumers. We are proud to become part of this initiative, as signing onto the UN Global Compact furthers our commitment to being accountable and to reporting publicly on our efforts to be a good corporate citizen of the world,” he continued.

     

    “We are very pleased that IPG, one of our communications partners, has signed on to the UN Global Compact. It is crucially important to us that our partners share our values and are committed to principles that are in line with our own mission to make sustainable living commonplace. By becoming a signatory to the UN Global Compact, Interpublic has taken a public step forward in advancing the company’s sustainability goals and reporting on them. We look forward to working with IPG, its agencies and its people on initiatives that will further sustainability efforts on a global scale,” added Unilever chief marketing and communications officer Keith Weed.

     

    The United Nations Global Compact is a call to companies everywhere to voluntarily align their operations and strategies with ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption, and to take action in support of UN goals and issues. The UN Global Compact is a leadership platform for the development, implementation and disclosure of responsible corporate policies and practices. Launched in 2000, it is the largest corporate sustainability initiative in the world, with over 8,000 companies and 4,000 non-business signatories based in more than 160 countries.

  • E&M CEOs optimistic about global economy: PwC study

    E&M CEOs optimistic about global economy: PwC study

    MUMBAI: Continuing its trend of surveying top CEOs across the globe, PricewaterhouseCoopers (PwC) surveyed 1344 business leaders across 68 countries out of which 72 were media and entertainment CEOs in 33 countries to find out what exactly is their business sentiment for the coming years. In depth interviews were conducted with Interpublic Group’s Michael Roth, II Sole 24 Ore SpA’s Donatella Treu and SKYCITY’s Nigel Morrison. Some of the salient points of the study on entertainment and media (E&M) CEOs are:

     

    • CEOs are confident of the company as well as global economy. 93 per cent (compared to 80 per cent in 2013) are somewhat or very confident in their company prospects for revenue growth in the next three years. They are also more optimistic about the global economy despite some concerns. 39 per cent of E&M CEOs believe that the global economy will improve in the next 12 months, compared to 20 per cent last year.

     

    • CEOs have to be hybrid- run today’s business and create tomorrow’s business.

     

    • Product and service innovation will provide the greatest opportunity for revenue growth and is likely to play a pivotal role in addressing their greatest concerns.  Over half of E&M CEOs surveyed (56 per cent) see product/service innovation as the main opportunity to grow their business in the next 12 months, more than any other industry surveyed

     

    • 71 per cent of E&M CEOs are somewhat or extremely concerned about shifts in consumer spending and behaviours, more than any other industry surveyed (and compared to a global total response of 52 per cent)

     

    • 65 per cent of E&M CEOs are somewhat or extremely concerned about the speed of technological change (compared to a total global response of 47 per cent)

     

    • 26 per cent E&M CEOs, more than any other industry surveyed, are extremely concerned about new market entrants.

     

    • 11 per cent of E&M CEOs believe that strategic alliances and joint ventures will be the main opportunity to grow their business in the next 12 months

     

    • 94 per cent of E&M CEOs rank technological advances as one of the top three global trends that will have the most transformative effect on their businesses over the next five years. This is more than any other industry.

     

    • 68 per cent of E&M CEOs rank demographic shifts as one of the top three global trends that will have the most transformative effect on their business over the next five years

     

    • 43 per cent percent of CEOs believe that as a result of regulation they haven’t been able to innovate effectively

     

    • Pwc says in 2014 it forecasts that consumer spend on mobile Internet will overtake that from fixed broadband.

  • IPG Q2 net down 2.65%

    IPG Q2 net down 2.65%

    MUMBAI: Global media communications group Inter Public Group (IPG) has reported a 2.65 per cent fall in its net income in the second quarter ended 30 June 2012.

    IPG‘s net income during the second quarter was $99 million against $101.7 million a year earlier.

    Its revenue in the second quarter too were down by a marginal 1.15 per cent. Its revenue in the quarter were $1.72 billion against $1.74 billion a year earlier.

    Its organic revenue grew by just 0.8 per cent compared to a year earlier, weighed down by account losses in the US. While the group‘s organic revenue increased by six per cent internationally, it decreased by 3.2 per cent in the US.

    For the first half of 2012, IPG‘s revenue was flat at $3.22 billion compared with $3.21 a year earlier. IPC‘s organic revenue increased by 1.7 per cent in the first six months compared to a year earlier. IPG‘s net income for the first six months of 2012 was $53.1 million as against $53.6 million a year earlier.

    IPG chairman and CEO Michael Roth said, “Our organic revenue growth, which was 0.8% in the second quarter and 1.7% in the first half, reflects strength in high-growth international markets, digital and marketing services, as well as revenue headwinds that we‘d previously indentified.”

    The global economic situation remains uncertain, which will require vigilance as we move through the balance of the year, Roth said. “We are nonetheless targeting stronger growth in the second half, in order to achieve our full year 2012 objective of 3 per cent organic revenue growth.”

  • Interpublic targets 3% organic growth in 2012

    Interpublic targets 3% organic growth in 2012

    MUMBAI: US-based ad holding company Interpublic Group is targeting an organic growth of 3 per cent as its first six months are going to be impacted by client losses suffered last year.

    The company‘s annual revenue in 2011 was up 7.8 per cent to about $7 billion. Net income for 2011 increased by 96 per cent to $551.5 million as compared to $281.2 in 2010.

    Interpublic gained last year as it had net cash inflow of $134 million from the sale of about half of its interest in Facebook.

    Interpublic CEO Michael Roth said the company faces revenue challenges in 2012 due to client losses from last year, which are expected to affect the first six months of the year. “We are targeting 3 per cent organic growth this year,” he averred.

    Interpublic agency networks, McCann Erickson and DraftFCB, both saw major accounts defect in 2011. McCann Erickson lost Nescafe work and other accounts while DraftFCB lost SC Johnson and is now having to share Miller Lite work with Publicis Groupe‘s Saatchi & Saatchi.

    Roth said that all of the company‘s regions grew in terms of organic growth in 2011 barring Europe due to its current debt crisis. While for the full year continental Europe was down 0.1 per cent, Latin America was up by 17.8 per cent. For the fourth quarter U.S. organic growth was up by 2.2 per cent, Latin American was up 30.4 per cent and Europe was down 3.2 per cent.

    Net income in the fourth quarter of 2011 was up by 25 per cent to $278.3 million. The total revenue for the fourth quarter was $2.07 billion, which is an increase by 3.4 per cent from the corresponding quarter on the previous year.

    Said Roth, “Building on a very good 2010 result we continue to show organic revenue growth that is at or near the top of our peer group. This performance keeps us on track to deliver on our goal of fully competitive profitability in 2014.”