Publicis Groupe: Full Year 2023 Results

February 08, 2024 01:30 AM Jap Commonplace Time

PARIS–(BUSINESS WIRE)–Regulatory Information:

Publicis Groupe (Paris:PUB):

  • Full 12 months 2023 web income natural progress at +6.3% with stronger than anticipated This fall at +5.7%
  • Trade-leading monetary ratios: 18.0% working margin price; headline EPS up +10% at €6.96; adjusted free money move at €1.7bn1
  • #1 rank in new enterprise during the last 5 years2
  • 2023 proposed dividend at €3.40 per share, absolutely paid in money
  • Assured in outperforming in 2024, regardless of macroeconomic challenges:
  • Natural progress anticipated at +4% to +5%
  • Working margin price at 18%
  • Free money move between €1.8 and €1.9bn

Arthur Sadoun, Chairman and CEO of Publicis Groupe: “In a really difficult macroeconomic context, and after 6 years of transformation, Publicis positively extracted itself from the pack in 2023.

Our +6.3% web income natural progress for the total 12 months, coming after a stronger than anticipated finish to the 12 months at +5.7% in This fall, implies that not solely are we considerably outperforming our holding firm friends, we’re additionally rising twice as quick as the principle IT consulting corporations.

What’s true for natural progress can also be true for our monetary KPIs, be it on margin or on free money move.

At a second when our shoppers want companions that may actually assist them remodel in a difficult and ever-changing surroundings, our distinctive mannequin has made the distinction, permitting us to considerably achieve market share and rank first in new enterprise for the fifth 12 months in a row.

With a reported income of shut to fifteen billion euros in 2023, up 35% versus 2019, Publicis has firmly established itself as our trade’s second largest participant and the primary when it comes to market capitalization.

Coming into 2024, we really feel assured in sustaining this momentum, simply as we’ve performed for the final 4 years with a +4.7% CAGR, twice the trade common. We anticipate delivering +4 to +5% natural progress whereas sustaining our traditionally excessive working margin at 18%. With regards to Q1, we anticipate to considerably outperform the trade with an natural progress inside our full 12 months steering.

I wish to thank of our shoppers for his or her belief throughout this transformation journey and our folks for his or her excellent efforts. Due to all of them, we’ve got reached new heights as a gaggle, and at the moment are able to face what might be one other 12 months of uncertainties with confidence and ambition.”

Publicis Groupe’s Supervisory Board met on February 7, 2024, underneath the chairmanship of Maurice Lévy, to look at the 2023 annual accounts offered by Arthur Sadoun, CEO and Chairman of the Administration Board.

Learn the complete press launch with extra detailed outcomes right here.

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