Publicis reported much higher figures than expected with Q1 16 organic revenue growing +2.9% compared with its previous guidance of stable or slightly negative at worst. This is therefore far above a consensus expectation of +0.3% and our own flat forecast. Consolidated revenues for the quarter reached €2,291m, up 8.9% on a reported basis and +10% at CER.

19 Apr 2016
A promising start to the year, although still cautious for FY16e

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A promising start to the year, although still cautious for FY16e
Publicis Groupe SA (PUB:WBO) | 0 0 0.4% | Mkt Cap: 14,432m
- Published:
19 Apr 2016 -
Author:
Véronique Cabioc'h -
Pages:
3 -
Publicis reported much higher figures than expected with Q1 16 organic revenue growing +2.9% compared with its previous guidance of stable or slightly negative at worst. This is therefore far above a consensus expectation of +0.3% and our own flat forecast. Consolidated revenues for the quarter reached €2,291m, up 8.9% on a reported basis and +10% at CER.