Publicis Groupe: Third Quarter 2017 Revenue
(Thomson Reuters ONE) -
Third Quarter 2017 Revenue
October 19, 2017
Third Quarter
+---------------------------------------------+
| |
| |
| * 2017 revenue ? 2,264 m |
| |
| * 2016 revenue ? 2,315 m |
| |
| * Reported growth -2.2% |
| |
| * Growth at constant currency +1.9% |
| |
| * Organic growth +1.2% |
| |
| |
+---------------------------------------------+
At end September
+---------------------------------------------+
| |
| |
| * 2017 revenue ? 7,107 m |
| |
| * 2016 revenue ? 7,068 m |
| |
| * Reported growth +0.6% |
| |
| * Growth at constant currency +0.8% |
| |
| * Organic growth +0.3% |
| |
| |
+---------------------------------------------+
Arthur Sadoun, CEO and Chairman of the Management Board:
"We committed to delivering sequential improvement of organic growth in Q3 vs
Q2. This has been the case even after a slightly better than expected Q2. Our
organic growth reached +1.2% in Q3, after -1.2% in Q1 and +0.8% in Q2,. This is
an encouraging sign in a challenging environment. We have seen a good
performance in North America at +3.0% reflecting the last 12 months' account
wins. Europe showed a slight 1.5% decline, facing a tough comp at +7.6% in Q3
2016.
Q3 also witnessed some positive momentum, both through new business and talents
joining the Groupe. This is a clear demonstration of our attractiveness and of
the ability of our new model to win on every front and convincing some of the
most recognized leaders that Publicis Groupe is building the future.
Over the course of the summer the financial markets were exposed to a negative
news flow regarding our industry. But the truth is that there is nothing new
there. We all know that our industry is facing many challenges. Consumer
behavior is changing, the media landscape is being disrupted, we are confronted
with new competition and our clients have been facing challenges around growth,
cost and brand trust challenges for years.
At Publicis Groupe, we decided that to rest on our laurels was not an option and
we committed to transform for the better in an ambitious and consistent way.
With the acquisition of Sapient, we have put technology at the core of the
business transformation of our clients. With The Power of One, we have broken
down the silos, allowing us to offer a unique end-to-end solution with
consulting, technology, creative, media, digital and obviously data at the core,
seamlessly. For the last 4 months, we have been accelerating the execution of
our plan by shifting our model from a communications business to a
transformation partner by building our organization as a platform and putting
our people first.
We are beginning to see the fruits of these efforts, but we know we are only in
the middle of our transformation journey, as it is a profound change, in a
highly volatile market. That is why, even though we have some preliminary
encouraging signs, we remain very cautious and determined to win.
We are convinced that we have an unparalleled position in the market through
both our ability to help clients with marketing transformation and digital
business transformation. We are committed to achieving our transformation which
will put us in a position to drive a significant improvement in organic growth
and financial performance.
I look forward to seeing you at our investor day on March 20, 2018."
THIRD QUARTER 2017 REVENUE
Publicis Groupe's consolidated revenue in Q3 2017 was 2,264 million euro, down
2.2% from 2,315 million euro for the corresponding period in 2016. Exchange
rates had a 93-million euro negative impact, i.e. the equivalent of 4.0% of
revenue in Q3 2016. Net acquisitions contributed 16 million euro to revenue for
the period, i.e. the equivalent of 0.7% of revenue in Q3 2016. Growth at
constant exchange rates was +1.9%.
Organic growth stood at +1.2% in the third quarter. As expected, this was an
improvement on the Q2 organic growth rate of +0.8%. The Groupe benefited from
the ramp-up of contributions from accounts gained since Q2 2016, in particular
those of Walmart, USAA, Asda, Motorola and Lowe's. As announced, organic growth
remained impacted by the SapientRazorfish restructuring and the impact on
revenue of the ending of non-profitable contracts.
Breakdown of Q3 revenue by region
---------------------------------------------------------------
EUR Revenue Organic Reported
---------------------
million Q3 2017 Q3 2016 Growth Growth
---------------------------------------------------------------
Europe 626 643 -1.5% -2.6%
North America 1,235 1,254 +3.0% -1.5%
Asia Pacific 245 261 -3.1% -6.1%
Latin America 88 89 +2.0% -1.1%
Middle East &Africa 70 68 +9.7% +2.9%
---------------------------------------------------------------
Total 2,264 2,315 +1.2% -2.2%
---------------------------------------------------------------
REVENUE AT END SEPTEMBER 2017
At September 30, 2017, Publicis Groupe's year-to-date revenue stood at 7,107
million euro after 7,068 million euro in 2016, i.e. an increase of 0.6%.
Exchange rates adversely affected revenue by 17 million euro, i.e. the
equivalent of 0.2% of revenue for the first nine months of 2016. Net
acquisitions contributed 38 million euro to revenue at September 30, 2017, i.e.
the equivalent of 0.5% of revenue from the corresponding period in 2016. Growth
at constant exchange rates was 0.8 %.
Organic growth stood at 0.3% at September 30, 2017.
Breakdown of revenue by region at September 30
----------------------------------------------------------------
EUR Revenue Organic Reported
---------------------
Million 9M 2017 9M 2016 Growth Growth
----------------------------------------------------------------
Europe 2,003 1,992 +2.4% +0.6%
North America 3,879 3,874 -0.8% +0.1%
Asia Pacific 756 764 -2.0% -1.0%
Latin America 262 241 +3.0% +8.7%
Middle East & Africa 207 197 +3.6% +5.1%
----------------------------------------------------------------
Total 7,107 7,068 +0.3% +0.6%
----------------------------------------------------------------
Europe grew by 0.6%. After factoring out the impact of acquisitions and exchange
rates, organic growth was +2.4%. France performed well (+2.4%), while the UK
and Italy posted strong momentum at +6.2% and +8.8% respectively. However,
Germany recorded negative growth of -5.0% against a very difficult comparable
period in 2016. In Q3 2017, Europe reported organic growth of -1.5% after an
upswing of +4.3% at June 30, 2017. On top of few account losses, this downturn
had to be put in the context of a challenging comparable period in Q3 2016 when
organic growth was close to 8%. This is also why the main European countries
have slowed significantly by comparison with June 30, 2017.
North America achieved organic growth of +3.0% in Q3 2017, accelerating away
from its +0.2% growth rate in Q2 thanks to the ramp-up of accounts gained since
the summer of 2016 (including Lowe's, Walmart, USAA) and the benefit of early
2017 account wins (among which MolsonCoors and FirstNet), partly offset by the
growth challenges of the FMCG sector. As announced, growth is nonetheless
affected by the restructuring of SapientRazorfish as well as by the impact on
revenue of unprofitable accounts that have been discontinued. Over the first
nine months of 2017, organic growth remained in negative territory (-0.8%). On
a reported basis, growth stood at +0.1%.
Asia Pacific reported -1.0% and organic growth of -2.0% for the first nine
months. China only grew by +0.4% due to difficulties at one entity under
strategic review. Business grew by 9.5% in Singapore. In India, the situation
is consolidating: after +0.4% in Q1 and +13.0% in Q2, the third quarter saw
further growth of +3.9%.
Latin America rose by +8.7% (+3.0% on an organic basis). In Brazil, revenue
fell -0.8% at September 30, after +1.0% at June 30, due to the difficulty in
outperforming 2016 when Brazil hosted the Olympic Games in Rio. Mexico continued
its strong growth trend with +12.2%.
The Middle East & Africa reported growth of +5.1% (organic growth of +3.6%).
NET FINANCIAL DEBT
Net debt totaled 2,291 million euro at September 30, 2017 (i.e. a net debt /
equity ratio of 0.41), compared with 1,244 million euro at December 31, 2016.
The Groupe's average net debt over the first nine months of 2017 was 2,066
million euro, down from 2,443 million euro at September 30, 2016.
KEY EVENTS AT END SEPTEMBER 2017
Governance and nominations
Since June 1, 2017, Maurice Levy has taken on the role of Chairman of the
Supervisory Board, of which he is also a member. Arthur Sadoun has been
appointed CEO and Chairman of the Management Board. The Management Board
(Directoire) has been reinforced by the arrival of Steve King, CEO of Publicis
Media, who has teamed up with Jean-Michel Etienne, Executive Vice-President,
Finance, and Anne-Gabrielle Heilbronner, Secretary General.
Since August 24, 2017, in addition to her existing responsibilities, CSR and The
Women's Forum for the Economy and Society have been placed under the remit of
Anne-Gabrielle Heilbronner. Headquartered in Paris, the Women's Economic Forum
is a Publicis Groupe company and the world's leading platform, where women voice
their opinions on major social and economic issues. The Women's Forum for the
Economy and Society is dedicated to showcasing the talent and creativity of
women while fostering international cooperation. The yearly Women's Forum
Global Meeting, which is held in France and brings together more than 1,500
participants, has become an unmissable date on the international conference
calendar: the place to be and to be heard. The next Global Meeting will take
place in Paris, October 5-6, 2017. The Women's Forum is one of the key
components of Publicis Groupe's commitment to CSR. The Groupe's goal is to
provide outstanding solutions that represent its strong values of diversity,
ethical practices and respect for the environment to have a positive social
impact and promote responsible marketing, in terms of social representation,
transparency and data protection.
Véronique Weill has joined Publicis Groupe as General Manager, in charge of
Re:Sources, IT, real estate, insurance and M&A. Véronique previously spent 21
years with JPMorgan, mainly in the USA, where she was in charge of operations
and IT globally. She then joined Axa in 2006, where, as a member of the
Management Committee, she focused on operations, technology, digital, marketing
and innovation. As Axa's Chief Operating Officer and subsequently Chief
Customer Officer, she helped make Axa one of the world's leading insurance
brands.
Emmanuel André has also joined the Groupe at the newly-created position of Chief
Talent Officer (CTO). Based in New York, Emmanuel André is in charge of talent
management and recruitment, working directly with the four Solutions CEOs and
their respective CTOs who report directly to him. He is also in charge of all
Groupe learning, training and development programs. He has also been appointed
to the Management Committee and will report directly to Arthur Sadoun, CEO and
Chairman of the Management Board. Former President of TBWA Worldwide, Emmanuel
André previously managed HR strategy at global level, spanning the key areas of
learning, career development, top talent recruitment and corporate culture at
large. He began his career in advertising in 1993 and has worked for TBWA in
Paris, Hong Kong and then New York.
Carla Serrano, CEO of Publicis New York and Chief Strategy Officer of Publicis
Communications, has been promoted to Chief Strategy Officer at Publicis Groupe.
Throughout her career, Carla has held strategic management positions in large
networks and creative agencies. Before joining Publicis, Carla was CEO of Naked
NA, CSO of TBWA Chiat/DAY NY and Chair at Berlin Cameron and Partners.
Publicis Groupe has set up two new management committees, in addition to its
Management Board (Directoire). The first is the Executive Committee and is in
charge of the Groupe's transformation. It meets every month and is comprised of
the following members, in addition to the members of the Management Board:
- Chip Register, Co-CEO, Publicis.Sapient
- Carla Serrano, Chief Strategy Officer, Publicis Groupe
- Nigel Vaz, Digital Business Transformation Lead, Publicis Groupe, and CEO
EMEA & APAC, Publicis.Sapient
- Véronique Weill, General Manager, Publicis Groupe
- Alan Wexler, Co-CEO, Publicis.Sapient
The second committee, known as the Management Committee, meets every quarter and
oversees Groupe operations and execution of its strategy. It is comprised of the
Executive Committee members plus the following:
- Valérie Beauchamp, EVP Business Development, Publicis Groupe
- Emmanuel André, Chief Talent Officer, Publicis Groupe
- Justin Billingsley, COO Publicis Communications
- Agathe Bousquet, Présidente France, Publicis Groupe
- Gerry Boyle, CEO APAC, Publicis Media
- Andrew Bruce, CEO North America, Publicis Communications
- Nick Colucci, CEO, Publicis Health
- Lisa Donohue, CEO, Publicis Spine
- Tim Jones, CEO North America, Publicis Media
- Loris Nold, COO Publicis Communications
- Rishad Tobaccowala, Chief Growth Officer, Publicis Groupe
- Alexandra Von Plato, Group President, Publicis Health
- Jarek Ziebinski, CEO, Publicis One
On September 27, 2017, Publicis Groupe announced Annette King will be appointed
CEO of the UK for Publicis Groupe. Annette will report directly to Arthur
Sadoun, Chairman & CEO of Publicis Groupe and will join the Management
Committee. In her role as CEO of Publicis Groupe UK, Annette will oversee all
of Publicis Groupe's operations in the market, from Publicis Communications, to
Publicis Media, Publicis.Sapient and Publicis Health. She will be responsible
for ensuring that the Groupe brings to life its vision of being its clients'
indispensable partner in their transformation. In this endeavour, Annette can
count on the help of Steve King who will act as Executive Sponsor in the UK.
Annette will come to Publicis Groupe from the Ogilvy Group (WPP) where she
worked for seventeen years, in eight different roles, ranging from client lead
on American Express across EMEA to Managing Director for Ogilvy Interactive and
from New Business Director for OgilvyOne to her latest role as CEO of Ogilvy
Group in the UK.
External growth
In January 2017, Publicis Communications acquired two digital agencies via Leo
Burnett, namely The Abundancy and Ardent. These agencies will add to Leo
Burnett's arsenal of data, creative and technological capabilities. Ardent
provides proprietary technology that uses search data to understand behavior and
predict consumer intent, while The Abundancy applies these learnings to inform
customer content. Together, these two agencies count 60 professionals who have
now joined Leo Burnett under newly appointed CEO Andrew Swinand in the USA.
In July 2017, Publicis Communications announced the acquisition of The Herd
Agency, one of Australia's largest and most-awarded public relations agencies.
The acquisition enables Publicis Communications to provide clients with newly
expanded public relations services, including: strategy, corporate affairs,
earned media, stakeholder relations, integrated campaigns, issues and crisis
management, social media and content marketing. The Herd Agency will be aligned
with MSLGroup in Australia.
In August 2017, Prodigious - Publicis Communications' production platform -
announced the acquisition of Translate Plus, a leading global language services
provider with expertise in "transcreation". "Transcreation", which entails
completely adapting the brand message of a product or advertisement to a target
market, will play an integral part in our global advertising campaigns.
Translate Plus, which was founded in 2008, counts over 130 employees across ten
international offices in London, the Netherlands, Germany, Denmark, Sweden,
Italy, Bulgaria, Washington DC, China and Japan. Its client portfolio includes
Mondelez, Porsche Consulting, Reckitt Benckiser, Rentalcars and Ricoh.
Finance
On March 13, 2017, Publicis Groupe entered into a share buyback agreement with
an Investment Services Provider under the share buyback program authorized by
the Shareholders' meeting of May 25, 2016. The buyback period extended from
March 14, 2017 to June 30, 2017.
At the end of the contract, 5,000,000 shares were purchased at an average share
price of 64.69 euro per share (64.89 euro including tax on financial
transactions).
OUTLOOK
The first nine months of 2017 showed encouraging signs with, on the one hand,
Publicis Groupe returning to positive growth in the second quarter and, as we
expected, posting a slight sequential improvement in the third quarter, and on
the other hand, a favorable account win momentum which includes prestigious
gains such as Diesel, Southwest, Lionsgate and McDonald's.
The Groupe's top priority is to improve its organic growth and there are quite a
number of projects still on-going. Our ambition is to post higher growth than
our competitors by becoming the leader in marketing and digital business
transformation. Four concrete decisions have been taken for this purpose: make
our model a reality for all our clients, leverage our competitive advantage in
technology and consulting, simplify the structure of our own organization for
the purposes of greater efficiency, and establish a corporate culture to attract
and retain the top talents. Regarding the latter, great strides forward have
been made in the third quarter, in particular with the arrival of Emmanuel André
as the Groupe's Chief Talent Officer and the announcement of the arrival of
Annette King as CEO of Publicis UK.
We expect better organic growth in the second half of 2017 by comparison with
the first half of the year. The longer term goals are well known, i.e. to
enhance growth and improve efficiency. The Groupe is in the early stages of
rolling out a new business plan with the new management team. A detailed update
will be provided in the forthcoming months.
* *
*
Disclaimer
Certain information contained in this document, other than historical
information, may constitute forward-looking statements or unaudited financial
forecasts. These forward-looking statements and forecasts are subject to risks
and uncertainties that could cause actual results to differ materially from
those projected. These forward-looking statements and forecasts are presented as
at the date of this document and, other than as required by applicable law,
Publicis Groupe does not assume any obligation to update them to reflect new
information or events or for any other reason. Publicis Groupe urges you
carefully to consider the risk factors that may affect its business, as set out
in the Registration Documents filed with the French Autorité des Marchés
Financiers (AMF) and which is available on the website of Publicis Groupe
(www.publicisgroupe.com), including an unfavorable economic climate, an
extremely competitive market sector, the possibility that our clients could seek
to terminate their contracts with us at short notice, the fact that a
substantial part of the Group's revenue is derived from certain key clients,
conflicts of interest between advertisers active in the same sector, the Group's
dependence on its directors and employees, laws and regulations which apply to
the Group's business, legal action brought against the Group based on
allegations that certain of the Group's commercials are deceptive or misleading
or that the products of certain clients are defective, the strategy of growing
through acquisitions, the depreciation of goodwill and assets listed on the
Group's balance sheet, the Group's presence in emerging markets, exposure to
liquidity risk, a drop in the Group's credit rating and exposure to the risks of
financial markets.
About Publicis Groupe - The Power of One
Publicis Groupe [Euronext Paris FR0000130577, CAC 40] is a global leader in
marketing, communication, and digital transformation, driven through the alchemy
of creativity and technology. Publicis Groupe offers its clients seamless access
to its tools and expertise through modular offering. Publicis Groupe is
organized across four Solutions hubs: Publicis Communications (Publicis
Worldwide, Saatchi & Saatchi, Leo Burnett, BBH, Marcel, Fallon, MSL,
Prodigious), Publicis Media (Blue 449, Starcom, Zenith, Spark Foundry,
Performics, DigitasLBi), Publicis.Sapient (SapientRazorfish, Sapient Consulting)
and Publicis Health. These 4 Solution hubs operate across principal markets, and
are carried across all others by Publicis One, a fully integrated service
offering bringing together the Groupe's expertise under one roof. Present in
over 100 countries, Publicis Groupe employs nearly 80,000 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
Organic growth calculation
+---------------------------+------+------+-----+--------+ +-------------------+
| | | | | | |Impact of currency |
| (million euro) | Q1 | Q2 | Q3 |9 months| | at end September |
| | | | | | | 2017 |
| | | | | | | (million euro) |
| | | | | | +---------+---------+
|2016 revenue | 2,291| 2,462|2,315| 7,068| |GBP ((2))| (53)|
| | | | | | +---------+---------+
|Currency impact ((2)) | 50| 26| (93)| (17)| |USD ((2))| 16|
| | | | | | +---------+---------+
|2016 revenue at 2017 | 2,341| 2,488|2,222| 7,051| |Others | 20|
|exchange rates (a) | | | | | | | |
+---------------------------+------+------+-----+--------+ +---------+---------+
|2017 revenue before impact | 2,314| 2,507|2,248| 7,069| |Total | (17)|
|of acquisitions ((1)) (b) | | | | | | | |
| | | | | | +---------+---------+
|Revenue from acquisitions | 14| 8| 16| 38|
|((1)) | | | | |
| | | | | |
|2017 revenue | 2,328| 2,515|2,264| 7,107|
| | | | | |
|Organic growth (b/a) |-1.2 %|+0.8 %|+1.2%| +0.3%|
| | | | | |
+---------------------------+------+------+-----+--------+
(1) Acquisitions (MercerBell, Vertiba, Seven Seconds, Insight Redéfini, Venus
Communications, Arcade, Digitouch, PT Publicis Metro Indonesia, PT Indonesia
Media Exchange, North Notch, Metadesign, Regicom, Ardent, The Abundancy, The
Herd Agency, Ella Factory, SFR Studio, Translate Plus), net of disposals.
(2) EUR = USD 1.111 over the first 9 months of 2017 vs. USD 1.116 over the first
9 months of 2016
EUR = GBP 0.872 over the first 9 months of 2017 vs. GBP 0.801 over the first 9
months of 2016
New Business: Main wins at end September 2017
Bradesco (Brazil), Petrobras (Brazil), eBay (France), Nokia (South Africa), Uber
(Singapore), Singtel (Singapore), Marriott (USA), SNHU (USA), Chromebook (USA),
Truecaller (Sweden), Match.com (Meetic) (Pan-Europe), Great West Life (Canada),
USAA (USA), AkzoNobel (Global), Culligan (water filtration/conditioning systems)
(USA), Service Civique (France), Sunrise (Switzerland), Britvic (UK), Asics
(Global), Anheuser-Busch InBev (USA)
20th Century Fox (Australia), Aldi Stores Limited (Australia), Coty Luxury
(Denmark), Ego (Australia), Expedia (Singapore), KFC (USA), Lowe's (USA), Mattel
(USA), Merck (EMEA), Molson Coors (USA & UK), NBCF (National Breast Cancer
Foundation) (USA), PartyPoker (Norway), Royal Caribbean Cruises (UK), Singapore
Tourism (Global), Southern Cross Travel Insurance (Australia), Bel Group
(Global), Carpetright (UK), CCU (Compania de las Cervecerias Unidas)
(Argentina), Coty Luxury (Norway), Credit Suisse Group (Italy), Danks Hardware
(Australia), Dubai Corporation for Tourism & Commerce Marketing (Middle East),
Euroloan Consumer Finance (Poland), Fondazione Ania (Italy), Grupa Allegro
(Poland), H&R Block (USA), JC Jeans & Clothes (Sweden), Kolonial.no (Norway),
Luminous Power Technologies (India), Materialgruppen AB Kimberly-Clark (Sweden),
P&G (UK), PayU India (India), Procter & Gamble (UK & Ireland), ZTE Mobile
(India), Alibaba (Tmall) (China), AOK-Bundesverband (Germany), Codorniu (Spain),
Cubus (Nordics), Cubus (Sweden), Dressmann (Norway), Fondazione Ania (Italy),
Godrej & Boyce (India), Lenskart (India), Mattress Firm (USA), Profile Pensions
(United Kingdom), R+V Versicherung AG (Germany), Southwest Airlines (USA),
Storck (Germany), Telkom (South Africa)
Mattel (USA), Carnival Corporation (USA), FirstNet / AT&T Government Solutions
(USA), Lyft (USA), GSK (USA), The Nature Conservancy (USA), Intermarche
(France), Oshawa (Canada), W.L. Gore & Associates (Germany), British Gas (UK),
McDonalds Corporation (USA), McDonalds Deutschland LLC (Germany)
OCBC (Malaysia), Reckitt Beckenzier (Malaysia), 20th Fox Century (Malaysia),
Ikea (Czech Republic), BEL (Czech Republic), l'Oréal (Czech Republic), Société
Générale (Serbia), P&G (The Nertherlands), FCA (The Nertherlands), Skoda (The
Nertherlands), Aldi (Belgium), Informazout (Belgium), ABinBEV (Colombia),
Renault (Argentina), SGEBS (Romania), Coca Cola (Romania), Franke (Romania), KBC
(Bulgaria), Merck (Czech Republic), Silvano (Czech Republic), VISA (Czech
Republic), Kraft/Heinz (Czech Republic), Vileda (Czech Republic), SAB Miller
(Czech Republic), Plzensky prazdroj, s.r.o. (Czech Republic), Generali (Czech
Republic & Slovakia), Cordblood (Slovakia), Unicef (Serbia), Momondo (Turkey),
Yasar Holding (Turkey), Visa (Turkey), Nestle (Greece), Delacre (Belgium),
Recticel (Belgium), ING Sprinters (Netherlands), ASR (Netherlands), JVH Gaming
(Netherlands), Charlie Temple (Netherlands), Binck Bank (Netherlands), Nutricia
(Netherlands), Expedia (Malaysia), Singapore Tourism Board (Thailand), Inbev
(Colombia & Peru)
Novartis (USA), Genentech (USA), Shire (USA), Adapt (USA), AMAG (USA), Sunovion
(USA), Clinigen Group (Global), Purdue (USA), Merck & Co (USA), Intarcia
Therapeutics (USA), Flexion Therapeutics (USA), AbbVie (USA), Ipsen (USA),
Emmaus Life Sciences (USA), Ultragenyx Pharmaceutical (USA), AcelRx
Pharmaceuticals (USA), Merck KGaA (USA), Roche (UK), AstraZeneca (USA), Hospital
Corporation of America (USA), Stryker Corporation (USA), Swanson Health Products
(USA)
2017 press releases
09-01-2017 Publicis Communications: Appointment at Leo Burnett USA and
two acquisitions in digital
11-01-2017 Publicis Communications: Appointment at Saatchi & Saatchi;
Robert Senior leaves the Groupe
18-01-2017 Publicis One: Appointment in Japan
19-01-2017 Publicis One: Appointment in Turkey
26-01-2017 Governance announcement at Publicis Groupe
01-02-2017 Publicis Communications: Appointment for the Nordics region
03-02-2017 Publicis.Sapient: Appointment at DigitasLBi; Luke Taylor
leaves the Groupe
07-02-2017 Appointment of Laurent Carozzi as Publicis Groupe's Chief
Performance Officer
09-02-2017 2016 annual results
21-02-2017 Viva Technology: 2(nd) edition on June 15-17, 2017
13-03-2017 Share Repurchase Agreement
16-03-2017 Publicis.Sapient: launch of SapientRazorfish's integrated
offering
22-03-2017 Partnership between Publicis Groupe and Microsoft
18-04-2017 Appointment of Agathe Bousquet as President of the Groupe in
France
20-04-2017 Q1 2017 Revenue
09-05-2017 Appointment of Céline Fronval as Publicis Groupe's General
Counsel
31-05-2017 Combined General Shareholders' Meeting
14-06-2017 Publicis Groupe Boosts Management Structure with Two Senior
Nominations and New Governing Bodies
19-06-2017 Publicis Groupe and Alibaba Announce China Uni Marketing
Partnership
20-06-2017 Publicis Groupe Builds the First Professional Assistant
Platform Powered by AI and Machine Learning
20-07-2017 H1 2017 Results
24-07-2017 Publicis One: Appointment in Panama
04-08-2017 Acquisition of Translate Plus by Prodigious
21-08-2017 Appointment of Emmanuel André as Publicis Groupe's Chief
Talent Officer
24-08-2017 Anne-Gabrielle Heilbronner, member of the Directoire and
Groupe Secretary General, takes ESG and the Women's Forum for Economy and
Society under her responsability
20-09-2017 The next edition of Viva Technology will be held from on May
24-26, 2018 in Paris
Definitions
EBITDA: operating margin before depreciation.
Operating margin: Revenue after personnel costs, other operating expenses (excl.
non-current income and expense) and depreciation (excl. amortization of
intangibles arising on acquisitions).
Operating margin rate: Operating margin as a percentage of revenue.
Headline Group Net Income: Group net income after elimination of impairment
charges, amortization of intangibles arising from acquisitions, main capital
gains (or losses) on disposals and revaluation of earn-out payments.
EPS (Earnings per share): Group net income divided by average number of shares,
not diluted.
EPS, diluted (Earnings per share, diluted): Group net income divided by average
number of shares, diluted.
Headline EPS, diluted (Headline Earnings per share, diluted): Group net income
after elimination of impairment charges, amortization of intangibles arising
from acquisitions, main capital gains (or losses) on disposals and revaluation
of earn-out payments, divided by average number of shares, diluted.
Capex : Net acquisitions of tangible and intangible assets, excluding financial
investments and other financial assets.
ROCE (Return On Capital Employed): Operating Margin after Tax (using Effective
Tax Rate) / Average employed capital. Capital employed include Saatchi & Saatchi
goodwill which is not recognised in consolidated accounts under IFRS.
Free Cash Flow before changes in working capital requirements: Net cash flow
from operating activities before changes in WCR linked to operating activities.
Net Debt (or financial net debt): Sum of long and short financial debt and
associated derivatives, net of treasury and cash equivalents.
Average net debt: Average of monthly net debt at end of month.
Dividend pay-out: Dividend per share / Headline diluted EPS.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Publicis Groupe via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 19.10.2017 - 07:30 Uhr
Sprache: Deutsch
News-ID 564285
Anzahl Zeichen: 38150
contact information:
Town:
Paris
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"Publicis Groupe: Third Quarter 2017 Revenue"
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