Dentsu Posts 7.7% Organic Growth in year ended 31 March

DentsuTokyo-based ad holding company Dentsu reported a 72% revenue gain to 594 billion yen (about $5.8 billion at today’s exchange rate) for its fiscal year ended March 31. The big gain was due largely to acquisition of Aegis Group in March of 2013. Net income was up 6.8% to 38.8 billion yen (about $380 million).

The company reported organic revenue growth (which excludes the impact of acquisitions, divestitures and currency fluctuations) of 7.7% for the year, which was on the high end compared to other holding companies most recent yearly results. Both WPP and Omnicom, for example reported 2013 organic growth of 3.5%, while MDC Partners posted organic growth of 8.3%. That said, both Omnicom and WPP generated nearly three times the annual revenue posted by Dentsu, while MDC reported about $1.15 billion.

For the full story read Mediapost