Dentsu has revealed its Q1 results
Japanese advertising titan Dentsu, which counts Mcgarrybowen, iProspect and Isobar among its agency roster, has released its Q1 results, revealing the group’s progress on the reorganization it commenced in 2019 and client spend returning to regions of the globe now recovering from the impact of coronavirus.
Dentsu’s Q1 financials
Revenue (less cost of sales) slid 2.1% compared to Q1 2020, reaching 222.4bn Yen against 227.1bn Yen. The group said this was expected and reflected the impact of Covid-19 on the business.
The group’s organic revenue decline was -2.4%, with a decline of -0.9% at Dentsu Japan Network and -3.5% at Dentsu International.