Publicis: H1 2020 EPS down 11.6%
(CercleFinance.com) - Publicis has reported underlying diluted EPS that is down 11.
6% at 1.75 euro, with an operating margin that is down 110 basis points at 13%, with net revenues that are up 9.7% to 4,774 million euros.
However, excluding FX effects and acquisitions (net of disposals), most of which were related to the acquisition of Epsilon, the group's net income contracted by 8% y-o-y.
While it considers it difficult to provide a specific forecast for the second half of 2020, Publicis believes that its operating margin rate will be higher than in the first half, taking into account the unfavourable impact of certain factors.
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6% at 1.75 euro, with an operating margin that is down 110 basis points at 13%, with net revenues that are up 9.7% to 4,774 million euros.
However, excluding FX effects and acquisitions (net of disposals), most of which were related to the acquisition of Epsilon, the group's net income contracted by 8% y-o-y.
While it considers it difficult to provide a specific forecast for the second half of 2020, Publicis believes that its operating margin rate will be higher than in the first half, taking into account the unfavourable impact of certain factors.
Copyright (c) 2020 CercleFinance.com. All rights reserved.