Publicis just reported weaker-than-expected organic sales for Q4 16 at -2.5% versus consensus at -0.6%, hurt by US contract losses and issues at Razorfish. For FY16, total revenues amounted to €9,733m, up 1.4% and +0.7% organically. Positively, the operating profit improved by 2%, implying a margin above the 15.4% consensus level at 15.6% (and up 0.10bp from FY15). Conversely, the bad news came from the €1.44bn write-down on the digital business (mostly relating to Publicis.Sapient,
09 Feb 2017
A tough year indeed but a number of headwinds are now behind
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A tough year indeed but a number of headwinds are now behind
Publicis Groupe SA (PUB:WBO) | 0 0 0.4% | Mkt Cap: 14,432m
- Published:
09 Feb 2017 -
Author:
Véronique Cabioc'h -
Pages:
3
Publicis just reported weaker-than-expected organic sales for Q4 16 at -2.5% versus consensus at -0.6%, hurt by US contract losses and issues at Razorfish. For FY16, total revenues amounted to €9,733m, up 1.4% and +0.7% organically. Positively, the operating profit improved by 2%, implying a margin above the 15.4% consensus level at 15.6% (and up 0.10bp from FY15). Conversely, the bad news came from the €1.44bn write-down on the digital business (mostly relating to Publicis.Sapient,