Publicis : Omnicom read-across and downward revision to our estimates on the dollar effect
>Positive short-term trend unchanged but pressure on the margin, notably due to the dollar - Publicis is due to report its H1 earnings on 20 July with a conference call at 9.30 a.m. CET. We are issuing here a reminder of our Q2 forecasts which are unchanged. Omnicom reported yesterday its earnings and organic growth slightly short of estimates. We have taken the opportunity to update our FY forecasts in view of the very rapid trend in $/€ parity. As Publicis is set to...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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