Report
Jerôme Bodin

Publicis : Feedback de la conférence téléphonique sur Epsilon

>Epsilon restera un vertical indépendant - Publicis a tenu hier la conférence téléphonique suite à l’acquisition d’Epsilon pour 3.9 Md$. Le groupe n’a pas quantifié les synergies à venir mais nous les estimons en 1ère approche autour de 40 M$ (soit 3% de la base de coûts d’Epsilon). La réaction du marché a été assez positive (+1% en clôture) reflétant une valorisation finalement moins élevée qu’attendu (~1 Md$ inférieure en tenant compte de l’impact fiscal favorable) ...
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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