Publicis Groupe has reported its third robust quarter of natural development, up 10.3% to finish September. This follows double digit returns within the first half of the 12 months.
As soon as once more the star performers had been information companies Publicis Sapient (up 18.1%) and Epsilon (13.9%.) The US (now Publicis’ greatest market) and Europe had been the standout regional performers, each on 11.1%. Publicis is now predicting 8.5% natural development for the 12 months, which nonetheless appears to be like conservative.
A lot may change, in fact, and the worldwide economic system has taken a determined flip for the more severe since September because the Ukraine battle rumbles on, inflation accelerates and monetary markets enter a interval of turmoil.
CEO Arthur Sadoun (above) says: “In an more and more unsure international financial context, natural development for the quarter was forward of expectations at +10.3%.
“For the third quarter in a row, our mannequin allowed us to ship double digit development by as soon as once more capturing the evolution in shopper spend in direction of first-party information administration, digital media and enterprise transformation…all of our areas posted strong natural development, with each the US and Europe at +11.1%, and China at +5.9% regardless of the continued lockdowns there.
“Moreover, our new enterprise file continues to put us on the prime of business rankings on a 12-month foundation, nicely forward of competitors.
“Our Q3 numbers are clearly encouraging. However what actually stands out is our efficiency versus pre-pandemic ranges. In comparison with 2019, we’ve seen our natural development speed up to +16% in Q3. This demonstrates our potential to greater than stand up to the ups and downs of the worldwide economic system, and makes us assured in our potential to face ongoing macroeconomic uncertainties.”
Publicis is giving an additional week’s pay to workers on mounted time period contracts.
Thus far so good for Publicis whose huge bets on information (Epsilon price $4.4m) appear to have paid off. Sadoun will nonetheless have considerations although, very possible about his UK businesses who’re going through a extra turbulent final quarter of the 12 months than most.
