In Q1 21, organic net revenue was up 2.8% and above expectation (-2% for the consensus). This was attributable to the strong performance in the US (+5.1%) where the economic recovery was faster than expected. According to management, 3pts of growth in the US was explained by the improved positioning in digital media, business transformation, data and technology. In Q2 21, Publicis is expecting organic net revenue growth of +8-10%, corresponding to a recovery ratio of 60-80% vs Q2 20.
15 Apr 2021
Strong organic growth in the US
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Strong organic growth in the US
- Published:
15 Apr 2021 -
Author:
Hélène Coumes -
Pages:
3
In Q1 21, organic net revenue was up 2.8% and above expectation (-2% for the consensus). This was attributable to the strong performance in the US (+5.1%) where the economic recovery was faster than expected. According to management, 3pts of growth in the US was explained by the improved positioning in digital media, business transformation, data and technology. In Q2 21, Publicis is expecting organic net revenue growth of +8-10%, corresponding to a recovery ratio of 60-80% vs Q2 20.