Robert Sawatzky
Nov 14, 2019

APAC weakness weighs on Dentsu earnings

"There are no green shoots of recovery" in China or Australia, Dentsu said, as organic growth declined.

For the second straight earnings report, Dentsu is citing persistent weakness in its Chinese and Australian businesses for weighing down its global and regional results.

In the first nine-months of fiscal 2019, the Dentsu Group has reported a decline in organic growth of 1%, with a 0.9% decline in Japan and a 1% decline in its international Dentsu Aegis Network business.

The APAC region was the main drag on organic growth internationally,...

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