Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

PUBLICIS GROUPE SA

(PUB)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

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 0.25% 264.01 Delayed Quote.24.17%
HSBC HOLDINGS PLC 4.51% 405.75 Delayed Quote.-31.39%
OMNICOM GROUP., INC. 0.59% 63.37 Delayed Quote.-22.24%
PUBLICIS GROUPE SA 3.31% 39.35 Real-time Quote.-2.50%
WALGREENS BOOTS ALLIANCE, INC. 1.18% 38.46 Delayed Quote.-35.53%
WPP PLC 3.81% 752.8 Delayed Quote.-29.41%
All news about PUBLICIS GROUPE SA
11/25PUBLICIS GROUPE : Announces the Appointment of Michel-Alain Proch as Groupe's Ch..
BU
11/09Pharma Giants Market Their Value as Pandemic Bolsters Reputation
DJ
10/29Uber and HSBC wins help trading improve at ad group WPP
RE
10/29Uber and HSBC wins help trading improve at ad group WPP
RE
10/27HSBC : to revamp business model as lower interest rates hit profit
RE
10/27HSBC : to revamp business model as lower interest rates hit profit
RE
10/26HSBC : to revamp business model as lower interest rates hit profit
RE
10/22PUBLICIS GROUPE : Epsilon Positioned at the Center of Publicis Groupe Growth Str..
PU
10/16ANALYSIS : Europe's earnings optimism dwindles with resurgent virus
RE
10/15NEWS HIGHLIGHTS : Top Company News of the Day
DJ
More news
Financials
Sales 2020 9 803 M 11 841 M 11 841 M
Net income 2020 705 M 851 M 851 M
Net Debt 2020 2 156 M 2 604 M 2 604 M
P/E ratio 2020 14,5x
Yield 2020 4,09%
Capitalization 9 658 M 11 641 M 11 666 M
EV / Sales 2020 1,21x
EV / Sales 2021 1,08x
Nbr of Employees 80 787
Free-Float 86,3%
Chart PUBLICIS GROUPE SA
Duration : Period :
Publicis Groupe SA Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PUBLICIS GROUPE SA
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 38,19 €
Last Close Price 39,35 €
Spread / Highest target 52,5%
Spread / Average Target -2,96%
Spread / Lowest Target -49,2%
EPS Revisions
Managers
NameTitle
Arthur Sadoun Chairman-Management Board & CEO
Agathe Bousquet Co-President
Marco Venturelli Co-President
Maurice Lvy Chairman-Supervisory Board
Stephen David King Chief Operating Officer
Sector and Competitors
1st jan.Capitalization (M$)
PUBLICIS GROUPE SA-2.50%11 173
OMNICOM GROUP., INC.-22.24%13 543
WPP PLC-31.96%11 771
AUTOHOME INC.18.01%11 243
WEIBO CORPORATION-8.85%9 568
THE INTERPUBLIC GROUP OF COMPANIES, INC.-3.55%8 690