Report
Jerôme Bodin

Publicis : We expect an organic decline of 0.7% in Q3 2019 (due on 16 October)

>A still difficult advertising trend, particularly in the US - This morning, we give an update on our Q3 2019 estimates for Publicis. The group is scheduled to publish its Q3 gross margin on 16 October. We expect an organic decrease of 0.7% in Q3 (vs -0.3%), i.e. a sequential deceleration relative to Q2 (+0.1%), given a still very “soft” advertising environment and a difficult trend for Publicis in the US. Attrition (client losses) is likely to continue, notably in th...
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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