BRIEF-Publicis Groupe Q1 Sales Up 2.8% Organically

PUBLISHED: Thu, 15 Apr 2021 05:50:50 GMT
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April 15 (Reuters) – PUBLICIS GROUPE:

* Q1 NORTH AMERICA NET REVENUE UP 4.7% ORGANICALLY; IN EUROPE DOWN 1.8%; IN ASIA-PACIFIC UP 5.7%

* Q1 SALES UP 2.8% ON ORGANIC BASIS TO EUR 2.39 BILLION

* Q1 MIDDLE EAST AND AFRICA NET REVENUE DOWN 11% ORGANICALLY; IN LATIN AMERICA UP 7.7%,

* FOR Q2, EXPECTS TO RECOVER 60%-80% OF WHAT IT LOST IN Q2 2020

* Q1 ORGANIC GROWTH IN CHINA UP 3.0%

* FOR Q2, SEES ORGANIC GROWTH OF 8%-10%, ASSUMING NO FURTHER DETERIORATION IN SANITARY CONDITIONS

* CONFIRMS FCF BEFORE CHANGE IN WORKING CAPITAL SHOULD BE AROUND 1.2 BILLION EUROS IN 2021

* DOES NOT PROVIDE FULL YEAR REVENUE GUIDANCE FOR 2021

* CONFIRMS OPERATING MARGIN RATE WILL IMPROVE BY UP TO 50 BASIS POINTS IN 2021 Source text for Eikon: Further company coverage: (Gdansk Newsroom)

(c) Copyright Thomson Reuters 2021. Click For Restrictions – https://agency.reuters.com/en/copyright.html

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