(Boursier.com) — Publicis unveils this morning organic growth of +7.1% in Q2 to 3.24 billion euros. Published growth stands at +5.4%.
Publicis Groupe’s net income for the first half of 2023 amounted to 6,318 million euros, up +7.6% compared to the 5,873 million euros for the first half of 2022. Exchange rate fluctuations over the period had a slight negative impact of 12 million euros. Acquisitions (net of disposals) had a positive impact of €40 million on net income. Organic growth stood at +7.1% in the first half of 2023.
EBITDA (operating margin before depreciation) stood at 1,335 million euros in the 1st half of 2023, compared to 1,287 million in 2022, an increase of +3.7%. The EBITDA margin rate stands at 21.1% of net income.
Operating margin stood at 1,093 million euros in the 1st half of 2023, up 7.4% compared to 2022. The margin rate was 17.3%, stable compared to 2022. Operating margin rates by region amounted to 18.6% in North America, 16.3% in Europe, 17.3% in Asia-Pacific, 10.1% for the Middle East/Africa region and 2.8% in Latin America.
In total, net income Group share for the 1st half of 2023 was a profit of 623 million euros compared to 537 million euros the previous year for the same period. Earnings per share thus amounted to 2.48 euros compared to 2.15 euros in 2022, an increase of 15.3%.
Publicis announces an upward revision of forecasts for 2023 “despite persistent macroeconomic uncertainties”: the group thus expects organic growth of around +5%. It was previously expected in the upper half of the range between +3% and +5%. Publicis is also aiming for an operating margin rate close to 18%, against 17.5% to 18% previously and a Free Cash-Flow of “at least” EUR 1.6 billion against “about” EUR 1.6 billion previously.