Publicis : Excellent 2020 results, margin to continue sharp improvement in 2021
>2020 results even better than we expected and 2021 indications very reassuring margin-wise - Publicis’ full-year results, reported this morning, came in well ahead of expectations, with EBITA of € 1.558bn while we had forecast € 1.454bn (consensus € 1.413bn). Q4 organic growth came to -3.9% while we forecast -4.6% and the consensus -6.4%. The year-end was therefore better than expected, allowing the group to generate very significant FCF (€ 1.2bn). The group has not ...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.
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.
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