Publicis Groupe Announces Results for First Half 2021
Publicis announces a Q2 organic growth at +17.1%, more than recovering vs. 2020 at -13.0%. New acceleration in the US is at +15.2% with Epsilon at +31.1% and Publicis Sapient at +27.0%
A continued momentum is Asia is at +13.6%, with Europe resounding at +23.0% and the US and Asia at +7% organic growth VS. 2019
Publicis saw a full recovery in H1 overall with organic growth at +9.7% vs. -8.0% in H1 2020.
Arthur Sadoun, chairman and CEO of Publicis Groupe: “In the first half of the year, we had a very strong performance thanks to our model in an improving business environment.
Not only did we fully recover the revenue lost in 2020, but all of our KPIs over the first half exceeded 2019 levels.”
“In Q2, we posted +17.1% organic growth, improving by 2% compared to 2019, despite the effects of the pandemic. This overperformance was largely driven by the U.S. and Asia, which both grew +7% versus 2019.”
“Our US operations posted 15.2% organic growth in Q2, with Epsilon, PMX and Sapient all delivering above +25%. Asia also accelerated further with +13.6% organic growth. Europe rebounded from a low base to +23%, mirroring the progressive lifting of lockdowns.
In H1 overall, we posted organic growth of +9.7%, leading to an operating margin rate at 16.5%, the group’s highest ever for a first half period, while our free cash flow up 22%, at €605 million.”
“What is more, we once again topped new business rankings for the first half of the year, thanks to a strong run of wins.”
“For the remaining part of the year, our ability to capture a disproportionate part of our clients’ investment in data and technology means we are in a position to upgrade our 2021 guidance. We now expect to totally recover to pre-pandemic levels, a year ahead of our initial expectations, with full year organic growth at 7% and full recovery in H2, and an operating margin of 17%, provided there are no major deteriorations in the global sanitary situation.”
“I’d like to thank our teams for their incredible efforts in this first half of the year, and our clients for their trust and partnership. In H2 we are focused on the execution of our plan, in a context that remains challenging in many parts of the world.”