M&C Saatchi Reveals Plans For New Research Business In Melbourne

M&C Saatchi Reveals Plans For New Research Business In Melbourne

M&C Saatchi has reported solid revenue growth across its Australian and Asian businesses for the 2016 calendar year, and announced plans to launch a research company in Melbourne.

The group’s results showed a 13 per cent revenue increase in the 12 months to 31 December 2016, and also revealed that M&C Saatchi acquired 51 per cent of media agency Bohemia when the deal was done in February.

“This add-on positions us well for satisfying the needs of our clients, who are increasingly seeking a closer relationship between their media agency and the content and creative providers,” a company statement read.

Furthermore, M&C Saatchi announced that it is launching its “successful” UK research operation The Source in Melbourne.

The group’s headline operating profit for its Australian and Asian businesses was up 37 per cent on 2015 to $84.592 million, while its global revenue rose 26 per cent to $362.4 million, and global operating profit jumped 24 per cent to $37 million.

M&C Saatchi CEO David Kershaw said 2016 was an “outstanding” year for the group.

“We continue to roll out our proven strategy of winning new business and starting new businesses, and see positive momentum across our global network and business channels,” he said.

“The year has started well and we are confident that we will continue to make good progress in 2017 and beyond.”




Please login with linkedin to comment

Blue Mountains Qantas The Source

Latest News

Sydney Comedy Festival: Taking The City & Social Media By Storm
  • Media

Sydney Comedy Festival: Taking The City & Social Media By Storm

Sydney Comedy Festival 2024 is live and ready to rumble, showing the best of international and homegrown talent at a host of venues around town. As usual, it’s hot on the heels of its big sister, the giant that is the Melbourne International Comedy Festival, picking up some acts as they continue on their own […]

Global Marketers Descend For AANA’s RESET For Growth
  • Advertising

Global Marketers Descend For AANA’s RESET For Growth

The Australian Association of National Advertisers (AANA) has announced the final epic lineup of local and global marketing powerhouses for RESET for Growth 2024. Lead image: Josh Faulks, chief executive officer, AANA  Back in 2000, a woman with no business experience opened her first juice bar in Adelaide. The idea was brilliantly simple: make healthy […]