Report
Jerôme Bodin

Publicis : Very good Q2 results prompt a slight upward revision to our expectations but scenario for the medium term unchanged

>Neutral rating confirmed - Publicis held its conference call yesterday following the publication of its Q2 2021 results that topped expectations (EBIT totalled € 815m vs € 722m forecast). Our EPS estimates are revised up by 3% on average for 2021 and 2022. We had been expecting a good publication and the numbers were better than anticipated. This lends weight to our sentiment that the advertising trend is considerably more solid than perceived by the consensus. We r...
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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