Publicis Groupe SA (PUB.FR) on Sunday posted a rise in first-quarter revenue and confirmed its organic growth guidance for 2019.
First-quarter revenue was 2.12 billion euros ($2.40 billion), edging up from EUR2.08 billion a year earlier, the advertising agency said. The company said exchange rates had a positive impact while acquisitions weighed on revenue.
Revenue in Europe rose 0.7% on an organic basis--excluding the effects of Publicis Health Solutions' sale--with good performances in France and the U.K., while revenue in North America fell.
Publicis's organic growth rate was down 1.6% for the quarter compared with growth of 1.6% in the year-earlier period, the company said.
"First-quarter net revenue is in line with expectations, confirming our take on what we anticipate for the year," Chairman and Chief Executive Officer Arthur Sadoun said.
The company confirmed it expects higher organic growth in 2019.