Report
Jerôme Bodin

ODDO : A Q2 publication that once again favours Publicis, but probably containing no surprises

>Continuation of Q1 trends in Q2 - Here we update on our forecasts for Publicis and WPP for Q2 and H1. We expect the trends observed in Q1 to continue, i.e. a market that remains “soft” and a marked outperformance from Publicis vs its UK rival. We do not expect these publications to hold any major surprises. Given the still challenging context, we anticipate no upward revision to consensus forecasts for either stock. Demand remains positive for the market with no acce...
Underlyings
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.

WPP Plc

WPP is a holding company. Through its subsidiaries, Co. is a communications services organization providing national and multinational clients a range of communications services. Co. is organized into four operating segments: Advertising and Media Investment Management; Data Investment Management; Public Relations and Public Affairs; and Branding and Identity, Healthcare and Specialist Communications. This last reportable segment includes WPP Digital and direct, digital, promotional & relationship marketing.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jerôme Bodin

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