Q2 18 was disappointing indeed considering the lower organic net revenue (-2.1% vs +0.8% in Q2 18). The improvement in the operating margin in H1 18 (+0.6pt to 14.3% of revenue) did not save the game. Conversely, Q2 18 was a good quarter for winning new businesses which should contribute to an acceleration of growth in H2 18. So the strategic move to the combination of data, creativity and technology is paying-off progressively, although it was not visible at first glance.
20 Jul 2018
Poor organic trend in revenue in Q2 18
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Poor organic trend in revenue in Q2 18
Publicis Groupe SA (PUB:WBO) | 0 0 0.4% | Mkt Cap: 14,432m
- Published:
20 Jul 2018 -
Author:
Hélène Coumes -
Pages:
3
Q2 18 was disappointing indeed considering the lower organic net revenue (-2.1% vs +0.8% in Q2 18). The improvement in the operating margin in H1 18 (+0.6pt to 14.3% of revenue) did not save the game. Conversely, Q2 18 was a good quarter for winning new businesses which should contribute to an acceleration of growth in H2 18. So the strategic move to the combination of data, creativity and technology is paying-off progressively, although it was not visible at first glance.