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    QONEQT in Publicis Groupe

    18-Oct-2022 08:40 AM


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    Publicis hikes 2022 guidance once again after Q3 beat By Reuters

    A logo of Publicis Groupe is seen at its exhibition space, at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022.
    "For the third quarter in a row, our model allowed us to deliver double-digit growth," Chairman and CEO Arthur Sadoun said in a statement, as the group continued to benefit from clients shifting toward first-party data management, digital media and business transformation.

    Even if clients reduced their advertising spending, these cuts would be made to so-called traditional marketing budgets, he said.

    Home to ad agencies Leo Burnett and Saatchi & Saatchi, the group posted a third-quarter organic growth of 10.3%, above analysts' estimate of 5.1% in a consensus provided by the company.

    Publicis, which has on average increased salaries by 7% so far this year, said it would give a one-off bonus of one-week salary for half of its employees, to help them cope with inflation as the holiday season approaches.
    Source: Investing.com
    #PublicisGroupe