Report
Jerôme Bodin

ODDO : Après le rerating de Publicis, nous privilégions dorénavant WPP dans la perspective de 2021

>Nous restons positifs sur le segment des agences de publicité - Nous restons positifs sur le segment des agences de publicité qui reste très attractif dans une perspective de rebond des investissements publicitaires en 2021 et au-delà. Après avoir fortement économisé au S1 2020, il nous semble probable que les annonceurs poursuivent la hausse de leurs investissements en 2021, notamment pour relancer leurs ventes. Par ailleurs les marges des agences devraient poursuiv...
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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