Publicis : Visibility is limited but risk on EBIT is low
>Poor visibility on activity but we remain confident on the 2020 margin - Publicis held its conference call following the publication of its interim results that topped expectations (EBIT of an estimated € 622m vs € 459m forecast). The group delivered a cautious message on H2, opting not to provide any quantified indications. However, the advertising trend will likely improve slightly in Q3 then in Q4. This is why, we are now forecasting a 7.7% contraction in Publicis...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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