Report
Jerôme Bodin

Publicis : A very good Q3 allowing the guidance for 2021 to be raised

>A very good quarter despite a less favourable base effect than in Q2 - This morning Publicis reported a Q3 gross margin up 11.2% on an organic basis vs our forecast for 8.9% and +7.8% for the consensus. Momentum therefore remains positive, still driven by a good performance in Europe and the US. The group increased its guidance for both organic growth and the operating margin in 2021. It therefore continues to take advantage of the recovery in advertising outlays tha...
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
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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