Publicis Groupe has reported its third sturdy quarter of natural development, up 10.3% to finish September. This follows double digit returns within the first half of the 12 months.
As soon as once more the star performers had been information companies Publicis Sapient (up 18.1%) and Epsilon (13.9%.) The US (now Publicis’ greatest market) and Europe had been the standout regional performers, each on 11.1%. Publicis is now predicting 8.5% natural development for the 12 months, which nonetheless seems conservative.
A lot might change, in fact, and the worldwide economic system has taken a determined flip for the more serious since September because the Ukraine battle rumbles on, inflation accelerates and monetary markets enter a interval of turmoil.
CEO Arthur Sadoun (above) says: “In an more and more unsure world financial context, natural development for the quarter was forward of expectations at +10.3%.
“For the third quarter in a row, our mannequin allowed us to ship double digit development by as soon as once more capturing the evolution in consumer spend in the direction of first-party information administration, digital media and enterprise transformation…all of our areas posted strong natural development, with each the US and Europe at +11.1%, and China at +5.9% regardless of the continued lockdowns there.
“Moreover, our new enterprise document continues to put us on the prime of trade rankings on a 12-month foundation, effectively forward of competitors.
“Our Q3 numbers are clearly encouraging. However what actually stands out is our efficiency versus pre-pandemic ranges. In comparison with 2019, we’ve seen our natural development speed up to +16% in Q3. This demonstrates our means to greater than face up to the ups and downs of the worldwide economic system, and makes us assured in our means to face ongoing macroeconomic uncertainties.”
Publicis is giving an additional week’s pay to workers on fastened time period contracts.
Up to now so good for Publicis whose massive bets on information (Epsilon price $4.4m) appear to have paid off. Sadoun will nonetheless have issues although, very possible about his UK businesses who’re going through a extra turbulent final quarter of the 12 months than most.
