The company, which owns agencies including McCann Erickson, Draft FCB and Initiative, said that fourth quarter revenues fell by 2.2 per cent to $1.9 billion.
However, full-year revenues at IPG grew by 6.2 per cent to $6.96 billion, with full-year income increasing by 71.3 per cent to $344.3 million.
Michael Roth, the chairman and chief executive of IPG, claimed that the group is well placed to face the downturn.
Roth said: "Our long-standing conservative approach to financial and balance sheet management has us well positioned for these volatile times."
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