Arab Today, arab today aegis logs rising q3 revenues amid dentsu takeover
Last Updated : GMT 12:02:44
Arab Today, arab today
Arab Today, arab today

Aegis logs rising Q3 revenues amid Dentsu takeover

Arab Today, arab today

Arab Today, arab today Aegis logs rising Q3 revenues amid Dentsu takeover

London - AFP

British-based media group Aegis posted rising quarterly revenues on Friday, boosted by a string of acquisitions ahead of the completion of its takeover by Japan\'s Dentsu. Total revenues grew ten percent in the three months to September, compared with the same part of last year, and by 14.5 percent when stripping out the impact of exchange rate fluctuations, Aegis said in a trading update. \"Aegis produced another strong performance in the third quarter of 2012, with continued market-outperformance and sector-leading organic growth,\" added Aegis chief executive Jerry Buhlmann. \"Our strong business mix, supported by targeted acquisitions, gives Aegis a unique opportunity to deliver the integrated campaigns our clients require in the convergent media environment.\" Aegis made a number of acquisitions and investments in the third quarter of 2012, including Catch Stone in China, Hablar in Japan, C2 in India, D2D and iSpy in the UK, W Garden in France, Irokeesi in Finland, and IQ Mobile in Austria. Earlier this year, meanwhile, Japanese advertising giant Dentsu agreed to buy Aegis for £3.16 billion in a surprise deal that will create a new global player to compete against the likes of advertising titans Omnicom, Publicis and WPP. \"Dentsu and Aegis remain confident that the scheme will become effective on or prior to 28 February 2013,\" the British company added in Friday\'s statement.

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