Report
Jerôme Bodin

Publicis : Organic growth set to remain brisk in 2023 but the lower end of the guidance range no longer seems reasonable to us

>Neutral recommendation reiterated - Publicis held a conference call yesterday following its Q4 results which beat expectations by some way. The tone was confident overall; management did not note any budget cuts in the short term and considers itself in a position to outperform the market, thanks notably to its offering. The group is guiding on organic growth of 3-5% based on a possible 1% price hike. While we are often at the upper end of the range of company guidan...
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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