Publicis: raises annual targets
(CercleFinance.com) - On its trading update, which included strong organic growth of 5.
3%, which exceeded expectations, Publicis Groupe has announced a further upward revision of its targets for 2023, despite persistent macroeconomic uncertainties.
It now anticipates organic growth of +5.5% to 6% (instead of around +5% previously), an operating margin of 18% (instead of close to 18%) and free cash flow of close to E1.7bn (instead of at least E1.6bn).
The communications group's net income resisted at E3.24bn in Q3 2023; organic growth of 5.3%, was mainly driven by strong gains in the Media business and Epsilon's Data offering.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
3%, which exceeded expectations, Publicis Groupe has announced a further upward revision of its targets for 2023, despite persistent macroeconomic uncertainties.
It now anticipates organic growth of +5.5% to 6% (instead of around +5% previously), an operating margin of 18% (instead of close to 18%) and free cash flow of close to E1.7bn (instead of at least E1.6bn).
The communications group's net income resisted at E3.24bn in Q3 2023; organic growth of 5.3%, was mainly driven by strong gains in the Media business and Epsilon's Data offering.
Copyright (c) 2023 CercleFinance.com. All rights reserved.