Despite the impact of covid-19 and the Russia-Ukraine war Publicis Groupe reported organic growth of 10.5% for Q1 of 2022. The increase for the same period last year was 2.8%. Hence, the revenue growth for this quarter has been well above the financial analysts' expectations. Publicis is the first global advertising group to reveal its first-quarter results.
Publicis reports that they have seen outstanding performance in all their regions.
"All of our regions performed well," said Arthur Sadoun, Chairman and CEO of Publicis Groupe.
"All of our regions performed well," said Arthur Sadoun, Chairman and CEO of Publicis Groupe.
"The organic growth of the U.S. at +8% confirms the country's continued dynamic with a good performance of Epsilon at its core. Europe posted robust recovery at +15% organic growth, fueled by France and the U.K. Meanwhile, in Asia, we also delivered very solid numbers, with +14% organically and double-digit growth once again in China."
Publicis indicated confidence in meeting the 2022 targets set out in its full-year 2021 earnings, with current organic growth at the upper end of its previous +4 to +5 percent range. The guidance considers the robust Q1 performance and an expected solid Q2 at roughly +5 percent organic, up from +17.1 percent in Q2 2021.
"This confidence is underpinned by our truly differentiated model. Once again, we demonstrated in the last quarter that with Epsilon and Publicis Sapient integrated with our creative and media operations, we have unique capabilities to help our clients transform, grow and optimize their spend in this very challenging period", said Sadoun.
Publicis Groupe's net revenue in the first quarter of 2022 was 2,800 million euros, up 17.1% from 2,392 million euros in the same period last year. Exchange rates had a beneficial influence of 125 million euros. Acquisitions, net of disposals, resulted in a 19 million euro rise in net revenue.