Publicis Groupe: First Half 2026 Results

• Q2 net revenue organic growth at +4.8% after Q1 at +4.5%.
  • All key regions performing well with two biggest regions, U.S. and Europe, growing organically at +5.5% and +5.0% respectively
  • New record H1 headline margin rate of 17.5% up 17 basis points year-on-year¹
  • H1 new business dynamic securing circa 200 basis points of growth on a full-year basis
• Maintaining strong momentum in H2 despite tougher comparable base:
  • Raising FY'26 net revenue organic growth guidance range to +4.5% to +5% vs. +4% to 5% previously
  • Confirming slight operating margin improvement vs. industry-high rate of 18.2% in FY’25
  • Expecting free cash flow of circa €2.2 billion²

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¹Before LiveRamp transaction costs. 
²Before change in working capital requirements and based on EUR = 1.155 USD.