Publicis: organic growth reaches 2.8% in Q1
(CercleFinance.com) - Publicis Groupe has reported Q1 2021 net income of 2.
39 billion euros, down 3.6% as reported, although up 2.8% in organic terms, in particular boosted by its US operations.
For the second quarter, the group estimates that it will be able to recover between 60% and 80% of the decline in revenue recorded a year earlier, which suggests organic growth of between 8% and 10%, if health conditions do not deteriorate further.
For FY 2021, the communications group confirms an improvement in its operating margin of up to 50 basis points, as well as free cash flow before changes in working capital that should be around 1.2 billion euros.
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39 billion euros, down 3.6% as reported, although up 2.8% in organic terms, in particular boosted by its US operations.
For the second quarter, the group estimates that it will be able to recover between 60% and 80% of the decline in revenue recorded a year earlier, which suggests organic growth of between 8% and 10%, if health conditions do not deteriorate further.
For FY 2021, the communications group confirms an improvement in its operating margin of up to 50 basis points, as well as free cash flow before changes in working capital that should be around 1.2 billion euros.
Copyright (c) 2021 CercleFinance.com. All rights reserved.