In Q2 20, the decrease in organic net revenue was less than expected (-13%) thanks to the activities in the US and Asia Pacific which dropped below the group average. The cost reduction plan implemented when the coronavirus spread brought in savings of €286m (mainly in Q2 20), which limited the erosion of the operating margin rate (-1.1pt, -2pt restated from the Epsilon-related transaction cost in H1 19). Given the uncertain environment, there is no detailed guidance for H2 20.
24 Jul 2020
Resilience better than expected
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Resilience better than expected
Publicis Groupe SA (PUB:WBO) | 0 0 0.4% | Mkt Cap: 14,432m
- Published:
24 Jul 2020 -
Author:
Hélène Coumes -
Pages:
3
In Q2 20, the decrease in organic net revenue was less than expected (-13%) thanks to the activities in the US and Asia Pacific which dropped below the group average. The cost reduction plan implemented when the coronavirus spread brought in savings of €286m (mainly in Q2 20), which limited the erosion of the operating margin rate (-1.1pt, -2pt restated from the Epsilon-related transaction cost in H1 19). Given the uncertain environment, there is no detailed guidance for H2 20.