Publicis Groupe: First Half 2023 Results

Outperforming in Q2 with +7.1% organic growth

Upgrade of FY 2023 guidance on all KPIs

  • Q2 organic growth at +7.1% thanks to revenue mix and New Business tailwind

  • Continued sustained performance across regions: U.S. +5%, Europe +15%, China +7%

  • Operating margin rate maintained at historically high level of 17.3% in H1

  • Headline diluted EPS up +11% at €3.21, Free Cash Flow slightly up at €725m despite FY’22 R&D tax payment

  • Upgrade of 2023 guidance despite persistent macro uncertainties: organic growth now expected at circa +5%, operating margin rate close to 18%, Free Cash Flow at least €1.6bn

Press release