Publicis Groupe: Third Quarter 2023 Revenue

Strong Q3 with organic growth at +5.3%

Upgrade of FY 2023 guidance on all KPIs

  • 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

Press release




1 Before change in working capital requirements