Interpublic Group (IPG) has posted a Q4 2021 revenue growth of 11.6%, to US$2.55 billion (A$3.56 billion).
While that was compared to a 5.4% drop in Q4 2020, IPG’s two-year organic increase over 2019 was 5.7%
The Asia-Pacific region also posted a strong increase, up 9.7% to US$237.8 million (A$333.1 million.
Net income was US$357.9 million (A$500 million), adjusted EBITA before restructuring costs was US$491.8 million (A$688.2 million) with margin of 19.3% on net revenue.
Fourth quarter US organic growth was 12.1% and international 11%.
For the full year 2021, net revenue of $9.11 billion (A$12.7 billion) increased 12.9% compared to the same period in 2020.
Looking ahead this year, Krakowsky added: “We anticipate that 2022 will be another year of strong growth, on top of our multi-year, industry-leading performance. As such, we are targeting full-year organic growth of 5% in 2022. With that level of growth, we expect that in 2022 we will consolidate the significant gains achieved in adjusted EBITA margin over the past two years, at a level of approximately 16.6%.
“Our commitment to a strong balance sheet and financial flexibility remains a key priority, and the actions announced by our Board today, to increase our dividend and resume our share repurchase program, further speak to confidence in the forward trajectory of our company. Our strong financial foundation and performance, coupled with the talent of our people and the competitiveness of our offerings, will be key to our continued focus on further enhancing value for all of our stakeholders.”
In Australia IPG owns agencies such as UM, Initiative and Magna.