Organic net revenue dropped by -4.5% in Q4 19, still affected by the attrition of traditional advertising. This negative item represented -2pts of growth on an annual basis (-3pts of growth in North America). In this poor environment, the Group operating margin (before the Epsilon-related transaction cost) improved by +0.3pt to 17.3% of net revenue thanks to restructurings. Publicis maintains 2020 guidance of organic net revenue of -2%/+1% and an operating margin of around 17% of net revenue.
06 Feb 2020
No surprise this time
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No surprise this time
Publicis Groupe SA (PUB:WBO) | 0 0 0.4% | Mkt Cap: 14,432m
- Published:
06 Feb 2020 -
Author:
Hélène Coumes -
Pages:
3
Organic net revenue dropped by -4.5% in Q4 19, still affected by the attrition of traditional advertising. This negative item represented -2pts of growth on an annual basis (-3pts of growth in North America). In this poor environment, the Group operating margin (before the Epsilon-related transaction cost) improved by +0.3pt to 17.3% of net revenue thanks to restructurings. Publicis maintains 2020 guidance of organic net revenue of -2%/+1% and an operating margin of around 17% of net revenue.