Report
Claire Barbaret

Le réveil du lion - ACHAT - OC 78,5€

Les revenus du T1 sont comme attendus en recul, mais celui-ci est moindre qu’anticipé. Le redressement devrait se poursuivre sur les trimestres à venir avec une croissance similaire à celle des autres groupes de communication au T4 2017 et une surperformance à partir du S2 2018. Parallèlement, les marges devraient continuer à progresser, modestement cette année et de façon plus importante en 2018 grâce à la pertinence de la stratégie mise en place qui répond à la nouvelle demande des annonceurs. Nous ne modifions pas nos prévisions à ce stade. La recovery attendue n’est aujourd’hui pas intégrée dans le cours. ACHAT avec un objectif de 78,5€.
Underlying
Publicis Groupe SA

Publicis is holding company. Through its subsidiaries, Co. is engaged in marketing, communication and digital transformation. Co. designs a customized package of services to meet each client's particular needs through a holistic and global approach. In addition, Co. provides financial markets with information concerning the relative size of each of the different business sectors for the sole purpose of allowing sector comparisons. Co.'s principal activities comprise four main categories: Digital, Advertising, Specialized Agencies and Marketing Services (SAMS) and Media.

Provider
Invest Securities
Invest Securities

Since 2006, Invest Securities has become one of the leading players in investment services for funds and managers, to whom we offer a global and personalised service. Our track record differentiates us and proves our leadership in numerous promising sectors like property and growth companies.

Consisting of 13 different profiles (pharmacist, engineer, financier, etc), the DNA of our financial analysis office is value added and sector expertise. Through daily monitoring and detailed analyses of companies and sectors, we seek to provide a differentiating vision of our 120 stocks followed. Our ideas are circulated every day to nearly 1,000 professionals.

Analysts
Claire Barbaret

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