Publicis: growth target raised for 2024
(CercleFinance.com) - On announcing its H1 results, Publicis Groupe has raised its 2024 net income organic growth target, now expecting between +5% and +6%, compared with +4 to +5% previously, despite continued macroeconomic uncertainties.
H1 recurring EPS rose by 5.3% to E3.38, while FCF increased 2.6% to E744m, for an operating margin rate maintained at the historic level of 17.3%, including investment in AI.
At E6.69bn, the communications group's H1 net income rose by 5.9%, including organic growth of 5.4%. Including income from re-invoiced costs, total income rose by 7.7% to E7.65bn.
Management says that it is continuing to win market share, with organic growth in net income accelerating to 5.6% in Q2, ahead of expectations, and 400bp above the sector.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
H1 recurring EPS rose by 5.3% to E3.38, while FCF increased 2.6% to E744m, for an operating margin rate maintained at the historic level of 17.3%, including investment in AI.
At E6.69bn, the communications group's H1 net income rose by 5.9%, including organic growth of 5.4%. Including income from re-invoiced costs, total income rose by 7.7% to E7.65bn.
Management says that it is continuing to win market share, with organic growth in net income accelerating to 5.6% in Q2, ahead of expectations, and 400bp above the sector.
Copyright (c) 2024 CercleFinance.com. All rights reserved.