Publicis posted disappointing organic net revenue growth in Q4 18 (+0.5% excluding Publicis Health Services in North America) due to a higher than expected rate of attrition in traditional advertising in North America. The attrition is expected to weigh again in Q1 19, then slow afterwards. Regarding the operating margin, Publicis delivered a strong improvement (+0.6pt before IFRS16) thanks to cost savings and a decrease in restructuring costs.
11 Feb 2019
Very disappointing organic growth in Q4 18
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Very disappointing organic growth in Q4 18
Publicis Groupe SA (PUB:WBO) | 0 0 0.4% | Mkt Cap: 14,432m
- Published:
11 Feb 2019 -
Author:
Hélène Coumes -
Pages:
3
Publicis posted disappointing organic net revenue growth in Q4 18 (+0.5% excluding Publicis Health Services in North America) due to a higher than expected rate of attrition in traditional advertising in North America. The attrition is expected to weigh again in Q1 19, then slow afterwards. Regarding the operating margin, Publicis delivered a strong improvement (+0.6pt before IFRS16) thanks to cost savings and a decrease in restructuring costs.