Publicis Groupe: 3rd Quarter 2015 Revenue
(Thomson Reuters ONE) -
Q3 2015
+------------------------------------------------------------------+
| |
| Million euros % change |
| |
| * Revenue 2,325 +33.0% |
| |
| * Growth at constant exchange rates +20.5% |
| |
| * Organic growth +0.7% |
| |
+------------------------------------------------------------------+
At September 30, 2015
+------------------------------------------------------------------+
| |
| Million euros % change |
| |
| * Revenue 6,867 +34.5% |
| |
| * Growth at constant exchange rates +19.1% |
| |
| * Organic growth +1.0% |
| |
+------------------------------------------------------------------+
Maurice Lévy, Chairman and CEO of Publicis Groupe:
"Growth reported in September was nil due to an unusually large number of
clients downsizing accounts and postponing or even cancelling campaigns, hence
our quarterly organic growth of 0.7%. However, we are still reporting a sharp
rise in revenue of almost 35% for the first nine months of the year. After
excluding the impact of exchange rates, revenue growth still stands at 20%.
As announced and expected, Sapient, which we acquired at the beginning of 2015,
returned to growth with a positive trend of 5% in the third quarter. The
integration phase is still moving forward satisfactorily in every respect. The
growth potential of this acquisition is proving more significant than initially
planned.
Finally, we have emerged stronger from the account reviews carried out by our
major clients, where we not only performed well but also exceeded the market's
expectations.
We are working actively on the Groupe's new positioning and offering which
includes Sapient, digital, and state-of-the-art technological tools at the
core. The seminar we held in San Francisco in early October, attended by 350
executives, is an important stage in this process. Advertisers are increasingly
demanding in terms of criteria on innovation, relevance of targets and
integration, enabling them to utilize the Groupe's entire array of assets to
their best advantage. And this is what is at stakes in our strategy. In fact,
this is the reason behind our recent investment in Lucid, the artificial
intelligence (AI) platform that has been described as the most comprehensive and
advanced in the world. Using data compiled on individual behavior over decades,
it is now possible to avail more relevant and operational predictive models in
the business than with traditional market research.
We are convinced that our methods and offerings are the most convincing and
relevant to enable our clients to take advantage of the great opportunities that
digital brings, whilst avoiding the pitfalls that come with the arrival of
disruptive newcomers. It is with great confidence we will address the future.
This year we will record double-digit growth of our main indicators on a
reported basis while generating free cash flow in excess of one billion euro."
1 - REVENUE
1.1 - Q3 2015 revenue
Publicis Groupe's consolidated revenue for the third quarter of 2015 was 2,325
million euro, up 33% from 1,748 million euro in Q3 2014.
With over 60% of revenue exposed to the dollar and sterling, exchange rates had
a 182 million euro positive effect, corresponding to 10.4% of the Groupe's
revenue in Q3 2014. Acquisitions contributed a further 381 million euro, i.e.
21.8% of revenue in Q3 2014.
Organic growth was +0.7% as a result of continued modest growth in Europe and
North America, despite improved trends in the Asia-Pacific region.
Q3 2015 revenue by region
---------------------------------------------------------------
Million Revenue Organic Reported
---------------------
euros Q3 2015 Q3 2014 growth growth
---------------------------------------------------------------
Europe 625 517 +0.6% +20.9%
North America 1,292 866 +0.4% +49.2%
Asia-Pacific 260 213 +4.3% +22.1%
Latin America 87 104 -7.5% -16.3%
Middle East & Africa 61 48 +6.1% +27.1%
---------------------------------------------------------------
Total 2,325 1,748 +0.7% +33.0%
---------------------------------------------------------------
1.2 - Revenue at September 30, 2015
Publicis Groupe's consolidated revenue at September 30, 2015, i.e. for the first
nine months of the year, stood at 6,867 million euro, corresponding to a 34.5%
increase on the 5,106 million euro reported at September 30, 2014.
With over 60% of the Groupe's revenue exposed to the dollar and sterling,
exchange rates had a 660 million euro positive impact, i.e. 12.9% of revenue at
September 30, 2014. Acquisitions contributed 1,042 million euro or 20.4% of
revenue at September 30, 2014.
Organic growth stood at +1.0%, shored up by digital (+4.1%) in particular. The
Groupe is still adversely affected by the loss of certain accounts (Microsoft,
notably) in 2014 in a macroeconomic context marked by uncertainties.
Revenue at September 30, 2015 by region
---------------------------------------------------------------
Million Revenue Organic Reported
---------------------
euros 9M 2015 9M 2014 growth growth
---------------------------------------------------------------
Europe 1,894 1,563 +1.4% +21.2%
North America 3,767 2,503 +0.9% +50.5%
Asia-Pacific 746 597 +3.5% +25.0%
Latin America 278 299 -6.0% -7.0%
Middle East & Africa 182 144 +2.2% +26.4%
---------------------------------------------------------------
Total 6,867 5,106 +1.0% +34.5%
---------------------------------------------------------------
Europe saw its revenue grow by 21.2%. If the impact of acquisitions and
exchange rates is eliminated, organic growth stands at 1.4%. France and Germany
grew their revenue by 3.9% and 5.8% respectively. Business is still difficult
in the UK as Publicis Worldwide UK has had a new management team in place for
few months only, with revenue falling 5.1% in Q3 2015 after a 2.1% decline in
the first half-year. Southern Europe is almost stable (-0.2%), where growth in
Spain, Portugal and Greece was offset by the downturn in Italy. Digital
continued to post strong growth (7.2%).
North America grew its revenue by 50.5%. When acquisitions and exchange rates
are factored out, organic growth was 0.9%. This modest organic growth was due
to modest growth in digital (+1.4%) mainly attributable to the loss of the
Microsoft account in 2014 and an unusually large number of clients downsize
accounts and postpone or even cancel campaigns, mostly in the consumer goods,
automotive and health sectors.
Asia-Pacific recorded revenue growth of 25% and organic growth of 3.5% due,
notably, to good performance in India (+12.5%) and improved growth in China in
the third quarter (+5.3%), following on the return to growth recorded in Q2 and
over the first half of 2015.
Latin America was down 7% (organic growth of -6%) after revenue slumped in
Brazil and Mexico (-7.2% and -16.1% respectively) where the economic situations
remain difficult.
The Middle East & Africa grew revenue by 26.4% (organic growth of +2.2%).
Revenue at September 30, 2015 by activity
Publicis Groupe's growth is largely driven by its strong presence in digital.
The table below shows the good performance of digital activities (+4.1%),
particularly in Europe and the high-growth economies, which more than offsets
the decline in analog activities (-1.2%).
------------------------------------------------------------------------
Europe North America Asia- Latin Middle East & Africa Total
Pacific America
------------------------------------------------------------------------
Digital +7.2% +1.4% +14.2% +14.7% +11.5% +4.1%
------------------------------------------------------------------------
Analog -1.8% +0.3% -0.2% -10.1% -0.2% -1.2%
------------------------------------------------------------------------
Total +1.4% +0.9% +3.5% -6.0% +2.2% +1.0%
------------------------------------------------------------------------
2 - NET FINANCIAL DEBT
At September 30, 2015, the Groupe's net financial debt stood at 3,111 million
euro, after a cash-positive situation of 985 million euro at December 31, 2014
and net financial debt of 93 million euro at September 30, 2014. This
deterioration of net financial debt, which is customary at this time of year due
to changes in working capital requirements, was also due to the payment of the
Sapient acquisition.
The Groupe's average net debt over the first nine months of 2015 was 2,305
million euro compared with an average cash-positive situation of 66 million euro
during the corresponding period in 2014.
3 - MAJOR EVENTS AT SEPTEMBER 30, 2015
3.1 - Launch of Blue 449
ZenithOptimedia is launching a new international media network to stimulate
business growth and develop creative new methods of communicating. The new
network will be called Blue 449 and will be based in London, in the same office
as the agency Walker Media, which has been renamed to become the flagship of
ZenithOptimedia's new global network.
Blue 449 will have offices across 17 cities by the end of 2015, and will work
alongside other ZenithOptimedia brands such as Zenith, Optimedia, Performics and
Newcast. The new network will also serve as a portal providing open-source
access to a vast array of skills from within VivaKi and across all of the
networks that make up Publicis groups.
Blue 449 was launched subsequent to the acquisition of Walker Media by Publicis
Groupe in 2014.
Blue 449 will be headed by Sébastien Danet, Global Chairman, and James
Shoreland, Global CEO. Sébastien Danet is also Global Managing Partner at
ZenithOptimedia and Chairman of VivaKi France. James Shoreland was formerly
Executive Vice-President in charge of Corporate Development at ZenithOptimedia
USA before being promoted to his new position as Global CEO of Blue449.
3.2 - Acquisitions
- Sapient: completion of the acquisition process on February 6, 2015, for a
total consideration of approximately 3.7 billion dollars (on a fully diluted
basis).
- The Creative Counsel Group is the largest integrated below-the-line group of
agencies in South Africa, providing marketing and activation solutions to local
and international clients.
- Match Media is the leading independent media agency in Australia. Match has
been integrated into Blue 449, ZenithOptimedia Group's new global media network.
- Expicient Inc. is a leading global omni-channel services firm with significant
expertise in inventory and order management systems (OMS).
- Epic Communications is South Africa's leading independent integrated strategic
communications agency.
- Relaxnews is a press agency and member of Fédération Française des Agences de
Presse and of the International Press and Telecom Council, and boasts global
expertise in consulting, production and management of content for the digital
transformation of media and firms (exclusive negotiations in process).
- Monkees is the leading French agency specialized in digital marketing and
social media.
3.3 - Finance
- Share buyback
On March 17, 2015, before trading opened at the Paris Stock Exchange, Publicis
Groupe purchased 2,406,873 of its own shares in a block transaction from the
Badinter family for a total consideration of 176 million euro, i.e. 73.03 euro
per share. This transaction was part of a broader framework consisting of the
share buyback program authorized by the AGM of May 28, 2014, and the 2022 Orane
bond early redemption approved by the Supervisory Board of September 15, 2014,
and announced on September 16, 2014.
The transaction was carried out at a discount of 2% to the weighted average
share price of the previous five days' trading, and at a discount of 4.5% to the
closing price on March 16, 2015 (76.47 euro).
The entire transaction was funded by Publicis Groupe's available liquidities.
- Share buyback contract : Execution of the share buyback contract by an
Investment Services Provider
Publicis Groupe entered into a share buyback contract with an investment
services provider for the purposes of the Share Buyback Program authorized by
the Combined Annual General Meeting of its shareholders on May 28, 2014.
This contract was signed on March 27, 2015 and related to a maximum of
3,935,000 shares at an average share price not exceeding the limit imposed by
the combined AGM of May 28, 2014. The actual price of these shares was
calculated on the basis of the arithmetical average of the average daily prices
weighted by the volumes traded each day during the buyback period.
Under the terms of the contract, the buyback period was to extend from March
30, 2015 to no later than July 31, 2015, and ended effectively on June 9, 2015
by which time the Groupe had bought up 3,935,000 shares at a volume-weighted
average price (VWAP) of 74.11 euro, i.e. at a total cost of 291 million euro.
This transaction falls within the framework of the early redemption of the 2022
Orane bonds approved by the Supervisory Board and announced on September
16, 2014.
The Orane bondholders met on June 19, 2015 and approved, by unanimous decision
of the bondholders present or represented, the amendment to the Issuance
Agreement authorizing the Company to proceed with an early redemption of all
outstanding Orane bonds. This amendment was further approved by the
shareholders' AGM held on May 27, 2015.
- Redemption of the 4.25% Eurobond
Publicis Groupe redeemed its 4.25% Eurobond at maturity in March 2015 for a
total of 253 million euro. The redemption was fully funded out of Publicis
Groupe's available liquidities. Given the 3.85% effective rate of interest on
this bond issue, the redemption will help reduce the average costs of the
Groupe's outstanding gross debt.
- Early redemption of the 2022 Orane bonds
On July 15, 2015, Publicis Groupe SA completed an early redemption of its Orane
bonds on the basis of 8.12 shares per Orane bond, with Orane bondholders thus
receiving 12,684,356 Publicis shares held in treasury stock. At the date of
redemption, the company also paid out 11 million euro in cash for coupons
accrued up to July 15, 2015, based on a prorata temporis calculation from
September 1, 2014.
- Subscription of a new multi-currency syndicated credit facility
Publicis Groupe has taken out a new 5-year multi-currency syndicated credit
facility for 2 billion euro, signed on July 22, 2015, for the company's general
funding purposes. This facility replaced the previous 1.2 million euro facility
subscribed on July 13, 2011.
4 - OUTLOOK
When updating its forecasts in September 2015, media observatory ZenithOptimedia
again lowered its growth estimation for the global advertising market to 4%,
down from 4.2% announced in June 2015 (after a 4.9% forecast in December
2014). This downturn is due to a slight lowering of forecasts for all regions,
but also to the slowdown of economic growth in China and the expected
implications for the USA and Europe.
Publicis Groupe expects organic growth of around 1% over the full year. In
2015, it should post double-digit increase on a reported basis of its:
- revenue
- operating margin
- headline EPS
Free cash flow before changes in working capital requirements should exceed one
billion euro.
* * *
Disclaimer
This document contains forward-looking statements. The use of the words
"aim(s)," "expect(s)," "feel(s)," "will," "may," "believe(s)," "anticipate(s)"
and similar expressions in this document are intended to identify those
statements as forward looking. Forward-looking statements are subject to risks
and uncertainties that could cause actual results to differ materially from
those projected. You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this document. Other than as
required by applicable securities laws, Publicis Groupe undertakes no obligation
to publish revised forward-looking statements to reflect events or circumstances
after the date of this presentation or to reflect the occurrence of
unanticipated events. Publicis Groupe urges you to review and consider carefully
the various disclosures it has made concerning the factors that may affect its
business, including the disclosures made under the caption "Risk Factors" in the
2014 Registration Document filed with the French financial markets authority
(AMF).
About Publicis Groupe
Publicis Groupe [Euronext Paris FR0000130577, CAC 40] is a global leader in
marketing, communication, and business transformation. In a world marked by
increased convergence and consumer empowerment, Publicis Groupe offers a full
range of services and skills: digital, technology & consulting with
Publicis.Sapient (SapientNitro, Sapient Global Markets, Sapient Government
Services, Razorfish Global, DigitasLBi, Rosetta) - the world's largest most
forward-thinking digitally centered platform focused exclusively on digital
transformation in an always-on world - as well as creative networks such as BBH,
Leo Burnett, Publicis Worldwide, Saatchi & Saatchi, public affairs, corporate
communications and events with MSLGROUP, ad tech solutions with VivaKi, media
strategy, planning and buying through Starcom MediaVest Group and
ZenithOptimedia, healthcare communications, with Publicis Healthcare
Communications Group (PHCG), and finally, brand asset production with
Prodigious. Present in 108 countries, the Groupe employs more than 76,000
professionals.
www.publicisgroupe.com | Twitter:(at)PublicisGroupe | Facebook:
www.facebook.com/publicisgroupe | LinkedIn : Publicis Groupe |
http://www.youtube.com/user/PublicisGroupe | Viva la Difference!
Contacts
Publicis
Groupe
Peggy Corporate + 33 (0)1
Nahmany Communications 44 43 72 83 peggy.nahmany(at)publicisgroupe.com
Jean-Michel Investor + 33 (0)1 jean-
Bonamy Relations 44 43 77 88 michel.bonamy(at)publicisgroupe.com
Chi-Chung Investor +33 (0)1
Lo Relations 44 43 66 69 chi-chung.lo(at)publicisgroupe.com
Appendices
New Business: Main wins at end September 2015
Publicis Worldwide
Arla (Belgium), Mobistar (Belgium), Fédération des Médecins Omnipraticiens du
Québec (Canada), BASF (Brazil), Henkel (Brazil), Metro_ Santiago (Chile),
Sodimac (Chile), Universidad de Piura (Peru), Tencent (China), Heinz ABC
(Indonesia), Tourism NT (Australia), Civil Engineering Institute (Macedonia),
Roche Macedonia (Macedonia), Heineken (Mexico), Dos Equis (Mexico), Barcel
(Mexico), UBS (United Kingdom), SCA (United Kingdom), Jungheinrich AG
(Germany), Telekom Deutschland GmbH (Germany), Commerzbank AG (Germany),
Bridgestone (Brazil), Habib's (Brazil); Nestlé (Brazil), P&G (Greater China),
EverGrande (Greater China), Qihoo360 (India), Mobile Wallet (India),
Michelin Tyres (India), Tabcorp (Australia), P&G (Australia), Commonwealth Games
(Australia), Samsung (South Africa), Sears, Shop Your Way (USA), Red Lobster
(USA), Hofer (Slovenija), KD Skladi (Slovenija), Nissan (Bulgaria), Uber
(France), SNCF (France), Citi (Global), Heineken (Global)
Saatchi & Saatchi
HomeAway (United Kingdom), Benecol - Pan European (Fallon London/United
Kingdom), Praktiker - digital (Poland), Drinkworks/Monteith's Cider (Australia),
Bank SA (Australia), Bank of Melbourne (Australia), Berlitz (Japon), Acer
(Singapore), ADT (South Africa), Cadillac (United Arab Emirates / Middle East &
North Africa), Toyota Corolla (Australia), Geely (China), Saunier Duval Brand
Group (Germany), Siemens (India), Tonno Nostromo (Italy), FWD Group
(Singapore/Thailand), Bathstore (United Kingdom), Bauli (Italy), Eurobet
(Italy), Hamdard Laboratories (India), Huawei - digital AOR (Mexico), PLDT/Sun
Cellular (Philippines), The Big Issue (United Kingdom), Visa 2016 Olympics
sponsorship (United Kingdom /Global), Wuling (Indonesia)
Leo Burnett
Fererro Chocolates (Italy), Allergan Medical Aesthetics (Singapore), OSN Cable &
Network Provider (United Arab Emirates), Marshall's (USA), Big W (Australia),
Brooks Running (USA), Bridgestone Olympics Activation (USA), Avios (United
Kingdom), Fortis Healthcare (India), GEMS World Academy (Singapore), Samsung
Digital AOR (Vietnam), Tigerair (Singapore), Masafi (UAE), Lurie Children's
Hospital (USA), T-Mobile (Poland), iSelect (Australia), Canon media (Australia)
BBH/NEOGAMA
Tesco (United Kingdom), Magnum whatches (Brazil), Viva Channel (Brazil), Vale
(Brazil)
DigitasLBi
BP East of Rockies (USA), Sony PlayStation (USA), Pandora (USA), CÜR Music (USA)
MSLGROUP
Alcon (USA), 24 Hour Fitness (USA), Rover.com (USA), AIG (France), Conforama
(France), Elior (France), Michelin (France), Cathay Pacific (Netherlands),
Ranstad Holding (Netherlands), Nivea (Poland), ThyssenKrupp AG (Poland), ING
(Poland), Mahanagar Gas Limited (India), Alstom (India), Belkin International
(Singapore, Hong Kong, China), Alibaba.com (China), Orient Europharma (Taiwan),
Instagram (Italy), Reckitt Benckiser (Italy), Amazon (Poland), Federation of
German Industries (Germany), Rotterdam World Gateway Terminal (Netherlands),
Fiat (Brazil), Marriott (Hungary), Pratt and Whitney (Singapore), Credit
Agricole (France), Sanofi Pasteur (France), Orange (France), American Public
Health Association (USA), BP (Netherlands), Uber (Germany), Lockheed Martin
(Poland), Amgen (Italy), Lidl (France), Maison du Monde (France), Engie
(France), Alibaba (China), Dongfeng Nissan (China), Cath Kidston (China),
Hyundai (China), Adidas (Taiwan), AXA (Brazil), lifeIMAGE (USA)
Starcom MediaVest Group
TomTom (Global), Mars (USA), UNHCR (Italy), Poczta Polska (Poland), Viacom
(Poland), Liberty Insurance (Poland), VF Corp. - Wrangler, Lee/The North
Face/Timberland Pro/Nautica - (USA), Keurig Green Mountain (USA), Telenor
(Sweden), Poczta Polska (Post Office) (Poland), TAMEK GIDA (Turkey), CSOB
(Czech), UNHCR (Italy), Seguros Constitución (Panama), Dutch Government - social
security counsel (Netherlands), Sun Generation Ltd (Poland), Viacom (Poland),
BANKIMIA (Spain), Liberty Insurance (Poland), CSOB (Czech), Dabur India LTD.
(India), Discovery Channel (Poland), Dogtas / Kelebek (Turkey), Duracell
(Americas), Dutch Government - Social Security Counsel (Netherlands), Etihad
Airways Partners (Global), Houzz (USA), Infocomm Development Authority of
Singapore (Singapore), iRobot (USA), Kalbe (Malaysia), Keurig Green Mountain
(USA), Liberty Insurance (Poland), Lidl (United Kingdom), Mars (Digital Buying)
(USA), Mathijs Maaltijdbox (Netherlands), National Environment Agency of
Singapore (Singapore), NBA (National Basketball Association) (USA), Nielson FS
(United Kingdom), OB (Korea), Oppo Mobile (India), Piatnica (Poland), Pingan
(China), Poczta Polska (Post Office) (Poland), PPG Deco (Poland), Providence
Health (USA), Qingku - Herbal Tea (China), Royal London (United Kingdom), Savola
(UAE), Seguros Constitución (Panama), Singapore Airlines (Malaysia & Thailand),
Sun Generation Ltd (Poland), Tacit Development (Poland), TAMEK GIDA (Turkey),
Tauron (Poland), Telenor (Norway & Sweden), Tempo Scan (Indonesia), TVN
(Poland), UNHCR (Italy), Vakko (Turkey), Valspar (USA), VF Corp (USA), Viacom
(Poland), Visa (Global), Walmart (Mexico), Wonga (Poland)
ZenithOptimedia
eis.de (Allemagne), Pixmania (France), Toyota (Slovakia, Czech Republic),
Mercedes-Benz (Romania),
BRD - Groupe Société Générale (Romania), Bella Food (Romania), AXN Europe
Limited (Romania), L'Oréal (Bolivia), Viva (Bolivia), ABInBev (Bolivia), Nestlé
(Bolivia), NH Hotels (Colombia), Istanbul Cerrahi Hospital (Turkey), The
Euroepan Commission (Armenia), Alkaloid (Armenia), Coty (Global, 13 markets),
Harvey Nichols (United Kingdom, Kimberly Clark (USA, digital
creative/production), Uniqlo (United Kingdom), Uber (France), Corbis
Corporation, IAAF, Pitch International, AMS (Global and regional research and
analysis for global and regional sports federations, bodies and marketing
agencies), Molson Coors (Romania), College Football Hall of Fame (USA, digital
creative/production), GNV (Italy), 4a-event (Belarus), Singapore Airlines
(Global), Czech Tourism (Czech Republic), Truecaller (India), Frank Lloyd
(Netherlands)
2015 Press releases
08-01-2015 Publicis Groupe Extends Tender Offer to Acquire Sapient
15-01-2015 Publicis Groupe Names Anthony Gazagne President of PublicisLive
23-01-2015 Publicis Groupe Extends Tender Offer to Acquire Sapient
27-01-2015 Publicis Groupe Acquires French Digital Marketing Agency Monkees
to be aligned with Publicis Activ
29-01-2015 Jean-Michel Bonamy Joins Publicis Groupe as Vice-President
Investor Relations & Strategic Financial Planning
04-02-2015 Publicis Groupe and Sapient Receive all Regulatory Approvals for
Proposed Acquisition
06-02-2015 Publicis Groupe Completes Acquisition of Sapient
12-02-2015 2014 annual results
16-02-2015 Publicis Groupe and Relaxnews Announce the Start of Exclusive
Negotiations in View of the Acquisition of Relaxnews, press agency specialized
in lifestyle content creation, at a valuation of ?9.58 per share
26-02-2015 Publicis Groupe Acquires Integrated Strategic Communications
Agency, Epic Communications. Agency to Join the MSLGROUP Network in South Africa
12-03-2015 Publicis Groupe Strengthens Publicis.Sapient's Leadership in
Omni-Channel and Connected Commerce with Acquisition of Expicient Inc
17-03-2015 Share Buyback
25-03-2015 Update On Publicis Groupe Always On Platform
30-03-2015 Share Buyback Contract
21-04-2015 Q1 2015 revenue
13-05-2015 Share Buyback Contract
28-05-2015 2015 Combined Shareholders' Meeting
01-06-2015 Acquisition of Relaxnews at a Price of 9.58 Euro per Share
23-06-2015 Notice of Early redemption of ORANE
29-06-2015 Arthur Sadoun, President of Publicis Worldwide, will take on the
direct supervision of MSLGROUP. Olivier Fleurot will join the Groupe's holding
as Senior Vice President
22-07-2015 First-half 2015 results
23-07-2015 Early Redemption of ORANE
19-08-2015 Chris Foster Appointed SVP Global Clients, Publicis Groupe
10-09-2015 Publicis Groupe Makes Major Leap in South Africa with
Acquisition of The Creative Counsel Group
Definitions
Net financial debt (or net debt): equals the long and short term financial debt
plus associated derivatives fair value, less cash and cash equivalent
Average net debt: average of average monthly net debt.
Operating margin: The operating margin is equal to the revenue after deduction
of personnel expenses, other operating expenses (excluding non-current income
and expenses), depreciation and amortization (excluding intangible arising from
acquisitions).
Operating margin rate: operating margin/revenue.
Organic growth calculation
+--------------------------------+-----+-----+-----+--------+ +----------------+
| | | | | | | Impact of FX |
| | | | | | | by currency |
| (million euro) | Q1 | Q2 | Q3 |9 months| | end September |
| | | | | | | 2015 |
| | | | | | | (million euro) |
| | | | | | +---------+------+
|2014 revenue |1,597|1,761|1,748| 5,106| |GBP ((2))| 52|
| | | | | | +---------+------+
|Currency impact ((2)) | 215| 263| 182| 660| |USD ((2))| 523|
| | | | | | +---------+------+
|2014 revenue at 2015 exchange |1,812|2,024|1,930| 5,766| |Autres | 85|
|rates (a) | | | | | | | |
+--------------------------------+-----+-----+-----+--------+ +---------+------+
|2015 revenue before impact of |1,829|2,052|1,944| 5,825| |Total | 660|
|acquisitions ((1)) (b) | | | | | | | |
| | | | | | +---------+------+
|Revenue from acquisitions ((1)) | 274| 387| 381| 1,042|
| | | | | |
|2015 revenue |2,103|2,439|2,325| 6,867|
| | | | | |
|Organic growth (b/a) |+0.9%|+1.4%|+0.7%| +1.0%|
| | | | | |
+--------------------------------+-----+-----+-----+--------+
(1) Acquisitions (L&K India, Hawkeye, Lead 2 Action, Salter Baxter, Crown,
Proximedia, Ambito 5, Liquorice, Nurun, Turner Duckworth, Tangerine, Run, ZME,
Machine, BrandsRock, 3Share, Relevant 24, Monkees, ZO Puerto Rico, AKM3, Vivid,
Epic, Spindrift, Star Reacher, Sapient, B2B, Expicient, Practice iLeo Romania,
Relaxnews, C, Match Media, Domani, AKOM 360, TMC, Voden, 2DataFish, Frubis, The
Solutions Group), net of disposals.
(2) EUR = USD1.114 at end September 2015 vs. USD1.355 at end September 2014
EUR = GBP0.727 at end September 2015 vs. GBP0.812 at end September 2014
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Publicis Groupe via GlobeNewswire
[HUG#1960604]
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Datum: 22.10.2015 - 07:30 Uhr
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contact information:
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