Report
Jerôme Bodin

Publicis : Q3 earnings beat our expectations while we were already above the consensus – full-year guidance increased

>Neutral rating reiterated - Publicis reported its Q3 gross margin this morning. Organic growth came to 5.3% whereas we looked for 4.9% and the consensus was for around 3.6%. We were among the highest of the consensus forecasts and the Q3 performance was therefore even better. The group had guided to growth “solidly “ around 3%. The performance was buoyed by the good momentum in the US and also for the media activities and Epsilon. More importantly, the group increas...
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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