Publicis : Very dynamic organic growth in Q3, further increase in the full-year guidance
>Another very dynamic quarter - Publicis this morning reported its Q3 gross margin, which came in higher than we expected, reflecting organic growth of 10.3% vs our estimate of 6.2% and the consensus at 5.1%. The trend therefore remained very good despite the advertising slowdown on certain markets. The group also increased its full-year guidance and now expects +8.5% growth vs +6-7% previously. This points to growth of around +6.5% in Q4. The year-end should remain...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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