Saatchi celebrates 31% profits rise
Friday 12 March 1999
Reporting a 31 per cent rise in pre-tax profits before exceptionals for 1998, Bob Seelert, the chairman, said the outlook for Saatchi & Saatchi was better than it had been for a long time. Last year was the first full year of trading for the company following its demerger from the advertising giant Cordiant.
He pointed out that Saatchi & Saatchi had won $500m of net new business in 1998 - more than in the previous two years combined. Much of the new business had come from two of the company's largest clients, Procter & Gamble and Toyota.
Since the start of the new year, Saatchi & Saatchi had added a further $200m of new business. "We are now positioned as a global agency on a world stage," he said.
Mr Seelert dismissed suggestions that Saatchi & Saatchi might be reunited with its founders, Maurice and Charles Saatchi, who are running their own rival agency. Mr Seelert said no talks had taken place between the two, adding: "We are two very different animals."
- 1 Christians: The world's most persecuted people
- 2 Israel-Gaza conflict: The secret report that helps Israelis to hide facts
- 3 Thatcher ‘was warned of Tory child sex party claims’
- 4 Lauren Goodger sex tape: Reality star calls for tougher laws on revenge porn after intimate video leaks online
- 5 The Simpsons Family Guy trailer: First look at crossover episode after Comic-Con debut
A new Russian revolution: The cracks are starting to appear in Putin’s Kremlin power bloc
Thatcher ‘was warned of Tory child sex party claims’
Israel-Gaza conflict: President Obama presses Netanyahu to call ‘immediate and unconditional’ Gaza ceasefire
Lauren Goodger sex tape: Reality star calls for tougher laws on revenge porn after intimate video leaks online
Iraq crisis: End 'very near' for Christianity after Isis takeover, says Bishop
Israel-Gaza conflict: The secret report that helps Israelis to hide facts
A day in the life of Vladimir Putin: The dictator in his labyrinth
Opponents of Israel's military operation in Gaza are the real enemies of Middle Eastern peace
Were 'Poor Doors' added to mixed developments so wealthy residents don't have to go in alongside social housing tenants?
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
iJobs Money & Business
£28000 - £32000 per annum: Ashdown Group: Training/Learning and Development Co...
£28000 - £32000 per annum + benefits: Ashdown Group: Training Programme Manage...
£40000 - £45000 per annum: Ashdown Group: An established professional services...
£600 - £650 per day: Orgtel: Conduct Risk Liaison Manager - Banking - London -...