Publicis Groupe: First Quarter 2022 Revenue

Very strong start of the year

  • Q1 organic growth at +10.5%, well above expectations 
  • Acceleration of Publicis Sapient at +18.5% organic growth 
  • Strong organic growth in all regions: 
    • Continued momentum in the U.S. at +8.0%, with good performance of Epsilon 
    • Robust recovery in Europe at +14.9%[1]  fueled by France and the U.K. 
    • Very solid growth in Asia at +14.4% with China double-digit again this quarter
  • Significant wins in New Business, driven by strength of the model combining data, creative, media and technology
  • 2022 guidance confirmed, with organic growth now at upper end of the +4 to +5% range

Arthur Sadoun, Chairman and CEO of Publicis Groupe:

“We started the year very strongly, both financially and commercially.

Our organic growth for the quarter came well above expectations at +10.5%, versus +2.8% for the same period last year.

Our model is going from strength to strength, as it continues to capture rising client demand for first-party data, digital media and commerce. This is particularly true in business transformation, where Publicis Sapient saw strong acceleration this quarter and grew +18% globally.

All of our regions performed well. The organic growth of the U.S. at +8% confirms the country’s continued dynamic with a good performance of Epsilon at its core. Europe posted robust recovery at +15% organic growth, fueled by France and the U.K. Meanwhile, in Asia, we also delivered very solid numbers, with +14% organically and double-digit growth once again in China.

We are confident in our ability to deliver on all of the objectives we set for the year and actually come in at the upper end of our organic growth target, despite the uncertainty caused by the global health situation, the evolution of the conflict in Ukraine, and the consequences of inflation for our clients.

This confidence is underpinned by our truly differentiated model. Once again, we demonstrated in the last quarter that with Epsilon and Publicis Sapient integrated with our creative and media operations, we have unique capabilities to help our clients transform, grow and optimize their spend in this very challenging period.

The best proof of the uniqueness and attractiveness of our offer is our new business performance. After topping all of the new business rankings in 2021, we are confirming our momentum with significant wins last quarter like McDonald’s, Singapore Tourism Board, Siemens, Etisalat, LVMH, Pepsi and the largest pitch of the year so far, AB InBev, to name just a few.

I would like to thank our teams for their incredible efforts, and our clients for their partnership.

Of course, the start to the year has also been dominated by the war in Ukraine. Our thoughts and unwavering solidarity go out to the Ukrainian people, and our 350 employees in the country. We will continue to respond to the gravity of this situation with concrete actions, and a clear focus on protecting their safety and wellbeing.”

 

[1] +9.4% excluding Outdoor Media activities & the Drugstore

ABOUT PUBLICIS GROUPE - THE POWER OF ONE

Publicis Groupe [Euronext Paris FR0000130577, CAC 40] is a global leader in communication. The Groupe is positioned at every step of the value chain, from consulting to execution, combining marketing transformation and digital business transformation. Publicis Groupe is a privileged partner in its clients’ transformation to enhance personalization at scale. The Groupe relies on ten expertise concentrated within four main activities: Communication, Media, Data and Technology. Through a unified and fluid organization, its clients have a facilitated access to all its expertise in every market. Present in over 100 countries, Publicis Groupe employs around 85,000 professionals.

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