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INTERPUBLIC GROUP REPORTS RESULTS FOR YEAR AND FOURTH QUARTER 1991

INTERPUBLIC GROUP REPORTS RESULTS FOR YEAR AND FOURTH QUARTER 1991
 NEW YORK, Feb. 18 /PRNewswire/ -- Philip H. Geier, Jr., chairman of the board and chief executive officer, reported that The Interpublic Group of Companies, Inc. (NYSE: IPG) had net income of $94,557,000 for the year ended Dec. 31, 1991, an increase of 18.1 percent from $80,064,000 during the same period in 1990. Earnings per share increased 9.2 percent to $2.60 from $2.38 in 1990. Gross income reached a record level in 1991 of $1,677,498,000 compared to $1,368,169,000 in 1990, an increase of almost 23 percent.
 Net income for the fourth quarter of 1991 increased 25 percent to $40,526,000, as compared to $32,421,000 during the same period in 1990. Earnings per share increased almost 15 percent to $1.10 from $.96 in 1990. Domestic and international gross income each increased 23 percent to a worldwide total of $523,188,000, up from $425,248,000 for the same period in 1990.
 Continuing cost containment efforts kept costs at appropriate levels. The increase in interest expense for the full year and the fourth quarter is mainly due to the financing related to the acquisition of the remaining interest in The Lowe Group in late 1990. Geier noted that the company's financial condition continues to be excellent, with a strong balance sheet and a solid cash position.
 Interpublic's agency systems have achieved their new business target by gaining a record amount of net new business during the year of approximately $806 million, an increase of $253 million over the net new business gain of $553 million during 1990. This is an indication of continued solid growth.
 The Interpublic Group of Companies is comprised of McCann-Erickson Worldwide, Lintas: Worldwide, Dailey & Associates, The Lowe Group and other related companies.
 THE INTERPUBLIC GROUP OF COMPANIES, INC. AND ITS SUBSIDIARIES
 Consolidated Summary of Earnings
 Year and fourth quarter report 1991 and 1990 (unaudited)
 (Dollars in thousands except per share data)
 Year ended Dec. 31 Pct. Favorable
 1991 1990 (unfavorable)
 Gross Income:
 Domestic $ 522,833 $ 402,716 29.8
 International 1,154,665 965,453 19.6
 Total gross income 1,677,498 1,368,169 22.6
 Costs and expenses 1,458,716 1,199,759 (21.6)
 Interest expense 33,499 18,872 (77.5)
 Income before provision
 for income taxes 185,283 149,538 23.9
 Provision for income
 taxes (A) 87,684 72,464 (21.0)
 Net equity interests(B) (3,042) 2,990 (201.7)
 Net income (C) 94,557 80,064 18.1
 Earnings per common and
 common equivalent share 2.60 2.38 9.2
 Average number of shares 36,430,043 33,674,338 --
 Cash dividends per share .82 .74 10.8
 Fourth quarter Pct. favorable
 1991 1990 (unfavorable)
 Gross Income:
 Domestic $ 151,435 $ 122,889 23.2
 International 371,753 302,359 23.0
 Total gross income 523,188 425,248 23.0
 Costs and expenses 437,343 357,783 (22.2)
 Interest expense 9,206 7,937 (16.0)
 Income before provision
 for income taxes 76,639 59,528 28.7
 Provision for income
 taxes (A) 34,876 26,741 (30.4)
 Net equity interests(B) (1,237) (366) (238.0)
 Net income (C) 40,526 32,421 25.0
 Earnings per common and
 common equivalent share 1.10 .96 14.6
 Cash dividends per share .21 .19 10.5
 (A) Effective tax rate for the full year is 47.3 percent for 1991 and 48.5 percent for 1990; fourth quarter 1991 is 45.5 percent, and 1990 is 44.9 percent.
 (B) Net equity interests is the net of equity in income of unconsolidated affiliates less income attributable to minority interests of consolidated subsidiaries. The equity income from the Lowe Group was included in this line until late 1990 when the remaining equity not owned was acquired by the company.
 (C) Includes net losses from exchange and translation of foreign currencies for 1991 and 1990, respectively, or $6,436,000 and $6,174,000 for the year and $4,154,000 and $2,182,000 for the fourth quarter.
 -0- 2/18/92
 /CONTACT: Eugene P. Beard, 212-399-8053, or William S. Keating, 212-399-8078, both of Interpublic Group of Companies/
 (IPG) CO: Interpublic Group of Companies, Inc. ST: New York IN: ADV SU: ERN


KO -- NY076 -- 9998 02/18/92 14:05 EST
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Date:Feb 18, 1992
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