Publicis : The pace remains strong but is set to slow while remaining positive
>Neutral rating reiterated - Yesterday, Publicis held a conference call following its Q3 results. The group further increased its organic growth guidance for 2022. It is now targeting +8.5% for 2022 versus +6-7% previously and growth of 3-5% for Q4. The group remains cautious on Q4 (adjustment quarter) in view of the current economic situation. Concerning the operating margin, the group now expects 18% for 2022 versus 17.5-18%. The year-end should remain dynamic and S...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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