Publicis delivered a disappointing Q3 19 with organic net revenue down -2.7% (vs -0.7% in H1 19). This was attributable to the continuing attrition of traditional advertising in the US, a slowdown in media that was amplified by a tough comparative last year, and the repositioning of Sapient in the US which is taking longer than expected. Guidance was revised downwards at the topline, including organic revenue down -2.5% in 2019 and a range of -2%/+1% in 2020.
11 Oct 2019
Below expectation, guidance downgraded
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Below expectation, guidance downgraded
Publicis Groupe SA (PUB:WBO) | 0 0 0.4% | Mkt Cap: 14,432m
- Published:
11 Oct 2019 -
Author:
Hélène Coumes -
Pages:
3
Publicis delivered a disappointing Q3 19 with organic net revenue down -2.7% (vs -0.7% in H1 19). This was attributable to the continuing attrition of traditional advertising in the US, a slowdown in media that was amplified by a tough comparative last year, and the repositioning of Sapient in the US which is taking longer than expected. Guidance was revised downwards at the topline, including organic revenue down -2.5% in 2019 and a range of -2%/+1% in 2020.