Publicis : Organic growth a shade ahead of expectations in Q3
>Neutral rating reiterated - Publicis reported its net revenue for Q3 this morning. Organic growth came to 5.8% whereas we looked for 5.7% as did the consensus. The performance was therefore very slightly better than expected. The group raised its organic growth guidance range to 5.5% to 6% (vs 5% to 6%). For the time being we expect +5.8% and are therefore in line (consensus 5.6%) with the new guidance with +6.5% in Q4. The group is holding a conference call this mor...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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