Report
Ali Mogharabi
EUR 101.80 For Business Accounts Only

Publicis Reports In Line First-Half 2017 Results; Maintaining EUR 65 FVE; Shares Are Fairly Valued

It appears that the firm and the market have welcomed Publicis’ new CEO and chairman, Arthur Sadoun, with open arms as the company reported first-half 2017 results in line with expectations. While we did see sequential improvement in organic revenue growth, similar to Omnicom, Publicis posted weak organic growth in the North America region, which displays the impact of political headwinds currently surrounding the U.S., in our view. We note that Sadoun appears confident that Publicis' revenue fr...
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
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Ali Mogharabi

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