I shall await with interest Interpublic Group’s reporting of its financial results for full-year 2006, including the fourth quarter of last year, at the end of this month. IPG said it would issue the results on Feb. 28, and that morning, IPG CEO Michael Roth and CFO Frank Mergenthaler will discuss the numbers with industry analysts during a conference call. For the third quarter of last year, the No. 3 holding company recorded a net loss of more than $6 million, down from a net loss of $108 million in the same period of 2005. For the first three quarters of 2006, IPG sustained a net loss of $131 million, down from $255 million in the like period of 2005. Better than last year, but still pretty miserable. Considering their performance over the last few years, they’ve set what can only be described as overly aggressive goals for 2008. By the end of 2008, IPG has vowed to achieve high revenue growth and an operating margin in double digits. When you consider their margin at the end of Q3 was -1.4% and its organic revenue for the quarter grew just 2.7%, while for the first nine months, organic growth stood at 1.2 %... I’d say that have more chance of re-winning the Wal-Mart account than they have of making those numbers.
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Hi. I'm the PIG from IPG. We're all going to make a load of money next year. Gotta fly... Bye!
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