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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Publicis Groupe SA    PUB   FR0000130577

PUBLICIS GROUPE SA

(PUB)
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Uber and HSBC wins help trading improve at ad group WPP

10/29/2020 | 05:47am EST
FILE PHOTO: A logo hangs on the wall outside the WPP offices in London

LONDON (Reuters) - Client wins with Uber, Alibaba and HSBC helped the world's biggest advertising company WPP deliver an improvement in third-quarter underlying trading, particularly in Britain and the United States.

The British owner of the Ogilvy, Grey and GroupM agencies, already rebuilding after several years of tech-led turmoil in the ad industry, is now recovering from the abrupt cancellation of spending by companies desperate to save cash in the pandemic.

While businesses in consumer packaged goods, pharmaceuticals and technology have increased their spending, those in the automotive and luxury sectors are stabilising, while travel and leisure industries remain weak.

Overall, underlying net sales fell by 7.6% in the three months to the end of September, an improvement on the 15.1% drop in the previous three months, and WPP said it remained on track to cut costs and hit its downgraded outlook.

"Given the tightening of COVID restrictions around the world and uncertainty in the global economic outlook, we remain cautious about the pace of recovery," Chief Executive Mark Read said on Thursday.

WPP secured $1.6 billion of new business and said late on Wednesday it had extended its ties with Walgreens Boots Alliance, one of the biggest pitches of the year.

Citi analysts said the improvement was all the more impressive because, unlike peers Publicis, Omnicom and IPG, WPP has a lower exposure to the United States and has also not benefited from buying assets of late.

Underlying net sales were down by 5.1% in North America, compared with a 10.2% drop in the second quarter, and down 6.5% in Britain, after a 23.3% plunge in the previous quarter.

As a result, the company expects to deliver a full-year result within analyst forecasts of a drop between 8.5% and 10.7% in like-for-like net sales, with a midpoint of down 9.6%. That compares with a range midpoint given in August of down 10.75%.

Analysts said the results were ahead of expectations, but traders said the shares fell to a month low, down 3.5%, on the cautious outlook.

(Reporting by Kate Holton; editing by Sarah Young and Mark Potter)

By Kate Holton


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED 0.20% 243.46 Delayed Quote.4.61%
HSBC HOLDINGS PLC -1.21% 403.25 Delayed Quote.6.44%
OMNICOM GROUP., INC. -0.43% 63.12 Delayed Quote.1.64%
PUBLICIS GROUPE SA 1.51% 44.27 Real-time Quote.8.61%
WALGREENS BOOTS ALLIANCE, INC. -0.81% 48.92 Delayed Quote.23.67%
WPP PLC -0.12% 814.2 Delayed Quote.1.78%
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Financials
Sales 2020 9 773 M 11 809 M 11 809 M
Net income 2020 676 M 817 M 817 M
Net Debt 2020 2 331 M 2 817 M 2 817 M
P/E ratio 2020 17,3x
Yield 2020 3,60%
Capitalization 10 865 M 13 137 M 13 128 M
EV / Sales 2020 1,35x
EV / Sales 2021 1,24x
Nbr of Employees 80 787
Free-Float 86,3%
Chart PUBLICIS GROUPE SA
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Publicis Groupe SA Technical Analysis Chart | PUB | FR0000130577 | MarketScreener
Technical analysis trends PUBLICIS GROUPE SA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 44,29 €
Last Close Price 44,27 €
Spread / Highest target 44,6%
Spread / Average Target 0,03%
Spread / Lowest Target -54,8%
EPS Revisions
Managers and Directors
NameTitle
Arthur Sadoun Chairman-Management Board & CEO
Agathe Bousquet Co-President
Marco Venturelli Co-President
Maurice Lévy Chairman-Supervisory Board
Stephen David King Chief Operating Officer
Sector and Competitors
1st jan.Capitalization (M$)
PUBLICIS GROUPE SA8.61%13 137
OMNICOM GROUP., INC.1.64%13 569
WPP PLC1.78%13 459
AUTOHOME INC.3.27%12 251
THE INTERPUBLIC GROUP OF COMPANIES, INC.6.04%9 727
WEIBO CORPORATION0.27%9 308