Report
Jerôme Bodin

Publicis : Very good Q2 at +17% organic and increase in the margin guidance

>Very good Q2 at the top end of the consensus range - Publicis this morning reported H1 2021 results that beat forecasts (EBIT of € 815m whereas we looked for € 722m). Organic growth was very strong at +17.1% while our forecast was for +13.5%, in line with the consensus. The 2021 guidance was increased for both the margin and FCF. The group said moreover that it is aiming for organic growth of 7% in 2021, which it had not previously committed to. The group is to hold...
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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