Report
Jerôme Bodin

ODDO : Une dynamique organique toujours positive mais le dollar va peser sur les marges en 2023

>Révision en baisse de nos attentes de résultats 2023 sous l’effet du dollar - La dynamique organique devrait rester bonne au T4. Nous tablons ainsi sur une croissance organique moyenne de 5.4% pour Publicis et WPP. La tendance devrait ensuite ralentir en 2023 mais rester positive, selon nous. Nous tablons sur une croissance organique de 1.2% en moyenne tirée par un probable effet prix. Toutefois, les deux groupes devraient être impactés par la baisse récente du dolla...
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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