The French media group, which owns digital agencies Saatchi & Saatchi and Starcom MediaVest, have revealed a 6% drop in shares following the publication of their 2013 Q1 results.




The financial results showed a reported revenue of €1.6bn (£1.3bn) in the first quarter, up 7.6% on 2012.

However, a weak Eurozone has been blamed for the limited organic growth of just 1.6%.

As is the trend with the majority of media agencies, revenue growth was strong in BRIC (Brazil, Russia, India and China) and MISSAT (Mexico, Indonesia, Singapore, South Africa and Turkey) countries, showing a combined revenue of €201m, up 14.2% on 2012.

Publicis CEO Maurice Levy was unmoved. “As I predicted, 2013 is turning out to be a difficult and contrasted vintage, with on the one hand the United States consolidating their growth and on the other Europe suffering…and while 1.3% organic growth may seem modest, it is above our internal objectives.”