Publicis jumps on guidance hike, organic growth beat in Q2
** Shares in Publicis PUBP.PA are up 7.6%, set for best day since March 2022, after company's Q2 organic growth came-in above expectations, and co announced FY guidance upgrade
** The French advertising group publishes an organic growth for Q2 at 5.6%, ahead of a +4.8% consensus cited by J.P.Morgan
** "Publicis continues to outperform its peers driven by mix and market share gains in media, supported by its leadership in personalization at scale," notes JPM
** The company also announced raising its FY organic guidance from 4-5% to 5-6%, and maintained FY op margin target at 18%
** JPM points out the guidance hike would imply an underlying FY upgrade of c.1% to earnings, adding it will likely be offset by recent dollar strength
** Including today's gains, the stock is up 24% year-to-date
** Stock sits at the top of French CAC40 index .FCHI and is among best performers on SBF 120 index .SBF120
(Reporting Clement Martinot)
</body></html>Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
