Publicis Groupe: Third Quarter 2023 Revenue

10/12/2023, Paris

Strong Q3 with organic growth at +5.3%

Q3 organic growth at +5.3% thanks to revenue mix and New Business tailwind
Very solid U.S. at +3.2% after 2 years of double-digits, standout performance in Europe at +10.7%, Asia Pacific improving to +3.8%
Acceleration of organic growth versus 2019: +22% in Q3, after +20% in Q2 and +18% in Q1
Further upgrade of 2023 guidance despite persistent macroeconomic uncertainties:
- Organic growth expected at +5.5% to 6%, vs. circa +5% previously
- Operating margin rate at 18%, vs. close to 18% previously
- Free cash flow¹ close to €1.7bn, vs. at least €1.6bn previously

¹ Before change in working capital requirements