IPG beats full year revenue forecasts

By Chris Pash | 13 February 2020
Getty

Shares IPG soared after the global advertising group posted better than expected revenue growth for the year to December.

Organic net revenue grew 3.3% to $US8.03 billion over the 12 months, led by media, data services and tech. 

IPG shares rose 7.58% in New York to $US24.99. 

Net revenue rose 7.4% to $US8.63 billion. Full year 2019 total revenue was $US10.22 billion, compared to $US9.71 billion in 2018.

The company is aiming for 3% organic growth in 2020. 

CEO Michael Roth: “IPG remains highly relevant to marketers in an increasingly crowded and complex environment. We have a strong portfolio of companies that combine marketing expertise and future-facing media, data and technology capabilities, which we can deliver through our collaborative open architecture model."

IPG declared a quarter dividend of $0.255 a share, up 9%, the eighth consecutive year of dividend increases. 

Geographically, Asia-Pacific was the only region to show negative growth: 

ipg regions 2019

 

 And the full year numbers:

IPG full year 2019

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