Dentsu reports more than 8% group organic growth

Dentsu reported group organic growth of 8.2% in the second quarter, or 8.9% excluding Russia, in its latest earnings.

This broke down to 7.9% for the Dentsu Japan Network and 8.4% for Dentsu International.

H1 FY2022 saw growth in all regions through “continued growth in media” as well as increased client spend on digital transformation initiatives.

Group net revenue for January to June 2022 was 518.9bn yen (£3.20bn or $3.88bn), an increase of 17.8% year-on-year and 11.5% on a constant currency basis.

Customer transformation and technology grew 22.5%, making up nearly a third (32.3%) of group revenues.

Looking forward, Dentsu “retains confidence” in medium-term targets of 4- 5% organic growth with a 17.7% operating margin, despite the impact of Russia by FY2024.