Dentsu Group expects high single digit growth for FY21

Dentsu Group has announced its results for the first half as well as the second quarter of 2021, indicating a rebound in performance. For the quarter ended June, Dentsu Group reported organic revenue growth of 15%. Dentsu Japan Network grew by 12% while Dentsu International registered a growth of 17%. Dentsu Group delivered a strong second quarter performance, reflecting the growing consumer and client confidence we see across all regions, Toshihiro Yamamoto, president and CEO, Dentsu Group Inc., said. For H1, 2021, the group6% on a constant currency basis with underlying operating profit up by 35.9%. Japan5%. APAC (excluding Japan) recorded a growth of 3.6%. The APAC region reported double digit growth in the second quarter driven by double digit growth from Australia, Indonesia, South Korea, Singapore and Thailand. EMEA reported 8.7% organic growth in H1, FY21, and 22% in Q2, FY21. The Group expects high single digit organic growth for FY2021, with a line of sight to delivering the long held 2022 margin targets of 20% for Dentsu Japan Network and 15% for Dentsu International one year early, implying a Group margin improvement of 160 basis points year on year, it added in the statement. Read Also: Why Indian online gaming industry needs a GST guideline Follow us onTwitter,Instagram,LinkedIn,Facebook