In Q4 22, organic net revenue growth (+6.4%) was in line with expectation, including a sequential improvement. GroupM outperformed the group with organic net revenue growth of +8.8%. In 2022, organic net revenue growth was at the high-end of guidance (+6.9%) and was driven by GroupM (+9.1%) and Public Relations (+8.2%). The headline operating margin improvement (+0.4pt to 14.8% of net revenue) was in line with the guidance. The 2023 guidance includes organic net revenue growth and a slight margi ....
