Publicis : Q2 much better than expected and increase in the 2022 guidance for organic growth and the margin
>Outperform rating reiterated - Publicis this morning reported higher-than-expected H1 earnings (EBIT of € 1,018m whereas we looked for € 920m). Q2 organic growth came to +10.3% vs our estimate of +6.4%. The group is holding a conference call at 9.30 a.m. this morning, which will be an opportunity for an update on the H2 outlook. The management increased the full-year growth guidance and now expects +6-7% (vs 4-5%), pointing to the better visibility in H2. The group ...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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