Regulatory News:
Second quarter 2010 (EUR million)
-
Revenue 1,376 (+21.3%)
-
Organic growth +7.1%
First half 2010 (EUR million)
-
Revenue 2,538 (+14.9%)
-
Organic growth +5.3%
-
Operating margin 369 (+28.6%)
-
Operating margin rate 14.5%
-
Net income (Group share) 213 (+27.5%)
-
Free Cash Flow (1) 277 (+42%)
-
Headline diluted EPS (2) 1.00 euro
(+12%)
-
Debt/equity ratio 0.20
(1) Before changes in WCR
(2) After elimination of impairment, amortization of
intangibles arising on acquisitions and the tax credit arising on the
deferred tax liability on the Oceane 2014 convertible bond.
Maurice Lévy, Chairman and Chief Executive Officer of Publicis
Groupe declares:
?With organic growth of 7.1% for the second quarter of 2010 and
5.3% for the half-year, an operating margin of 14.5% and net income up
by 27.5%, Publicis Groupe has once again given proof of its energy and
ability to create value, even in the aftermath of the worst global
economic crisis in many years.
This growth is the result of a strategy that has been effectively
executed over a number of years. We were quick to take the digital
route, gaining a decisive lead over our competitors and providing
clients with the best and most innovative solutions for the new
landscape being shaped by the explosion of digital technology.
We also opted for expansion in emerging markets. The economic
crisis may have slowed the pace of their growth, but ZenithOptimedia's
latest estimates for 2011 and 2012 bode well for strong growth.
The challenges our clients face demand from us greater
inventiveness, creativity and innovation, and relentless operational
efforts to ensure that they win whatever the circumstances. I would like
to thank them for their confidence, and to pay tribute to the hard work
of all our teams who have performed wonders within the constraints of
strict cost controls, enabling Publicis Groupe to emerge stronger than
ever from the crisis.
Tight cost containment since end 2008 and strong growth in revenue
have boosted operating margin to an impressive 14.5%, despite the fact
that Razorfish is still in the integration phase with a margin that,
while improving, is still well below average for the Groupe.
Without lapsing into the euphoria that these half-year results for
our Groupe might warrant, I remain firmly convinced that Publicis Groupe
will succeed in outperforming the market in terms of both growth and
margin.?
* * *
At its meeting on July 28, 2010, chaired by Ms. Elisabeth Badinter,
the Supervisory Board of Publicis Groupe (Paris:PUB) examined the first
half results for 2010 presented by Mr. Maurice Lévy, Chairman and Chief
Executive Officer of Publicis Groupe.
Key figures
|
EUR million, except for percentages and per-share data (EUR)
|
|
1st half 2010
|
|
1st half 2009
|
|
2010/2009
|
|
Income statement data
|
|
|
|
|
|
|
|
Revenue
|
|
2,538
|
|
2,209
|
|
14.9%
|
|
Operating margin before depreciation and amortization
|
|
422
|
|
333
|
|
26.7%
|
|
As % of revenue
|
|
16.6%
|
|
15.1%
|
|
|
|
Operating margin
|
|
369
|
|
287
|
|
28.6%
|
|
As % of revenue
|
|
14.5%
|
|
13.0%
|
|
|
|
Operating income
|
|
353
|
|
257
|
|
37.4%
|
|
Net income attributable to Publicis Groupe
|
|
213
|
|
167
|
|
27.5%
|
|
Earnings per share (1)
|
|
1.04
|
|
0.83
|
|
25.3%
|
|
Diluted earnings per share (2)
|
|
0.95
|
|
0.82
|
|
15.8%
|
|
Balance sheet data
|
|
June 30, 2010
|
|
June 30, 2009
|
|
|
|
Total assets
|
|
14,458
|
|
11,408
|
|
|
|
Shareholders' equity
|
|
3,090
|
|
2,418
|
|
|
(1) The average number of shares used to calculate
earnings per share was 204.5 million for 1st
Half 2010 and 200.8 million for 1st Half 2009.
(2) The average number of shares used to calculate
diluted earnings per share was 237.1 million for 1st
Half 2010 and 206.3 million for 1st Half 2009.
This includes stock options, free shares, equity warrants and
convertible bonds with a dilutive effect on EPS. For the first six
months of 2010, the instruments that diluted EPS were the Oceane
convertible bonds, equity warrants, free shares and certain tranches of
stock options with a strike price below the average price over the
period.
Analysis of key figures
I. First half 2010 activity
The global economy rallied over the first half of 2010. After
forecasting a 0.9% increase in 2010 global advertising expenditure in
its December 2009 forecast, ZenithOptimedia upgraded its forecast in
April this year to 2.2% growth and upped its latest estimate yet again,
on July 19, to 3.5%. This steady improvement in growth forecasts is most
encouraging.
As the advertising market recovered, Publicis Groupe posted an increase
of 14.9% in reported revenue for the first half and organic
growth of +5.3%.
Second quarter revenue was up by 21.3% and organic growth rose to 7.1%.
-
Revenue in first half 2010
Consolidated revenue for the first half of 2010 was EUR 2,538
million compared to EUR 2,209 million for the first half of 2009, an
increase of 14.9% (exchange rate impact was positive at EUR 55
million).
Organic growth was 5.3%.
First half growth reflects the strong recovery in advertising
expenditure after the record slump triggered by the 2009 economic
crisis. The larger networks, in particular Leo Burnett and Publicis
Worldwide along with VivaKi, made the most of the upturn, and digital
activities maintained their strong growth trend.
The breakdown of consolidated revenue for the first half of 2010 is as
follows: 33% from advertising, 20% from media and 47% from specialized
agencies and marketing services (including digital activities).
- Breakdown of first half 2010 revenue by region
|
(EUR million)
|
|
Revenue
|
|
Organic Growth
|
|
|
|
1st half 2010
|
|
1st half 2009
|
|
|
|
Europe
|
|
805
|
|
738
|
|
+3.1%
|
|
North America
|
|
1,258
|
|
1,061
|
|
+6.6%
|
|
Asia-Pacific
|
|
286
|
|
238
|
|
+6.0%
|
|
Latin America
|
|
126
|
|
109
|
|
+10.8%
|
|
Africa and Middle East
|
|
63
|
|
63
|
|
-3.3%
|
|
Total
|
|
2,538
|
|
2,209
|
|
+5.3%
|
Almost all the regions, Europe included, saw a return to growth, with
the exception of Africa and the Middle East, which is still suffering
from Dubai's financial crisis.
North America continues to enjoy good growth. Organic growth for the USA
was 7.2%, fuelled by strong growth from all the agencies and significant
contributions from the healthcare and digital activities, the latter
accounting for 42.5% of the region's revenue.
The Asia Pacific region is growing again, thanks largely to India and
Korea.
Every country in Latin America except Chile reported growth.
Expressed in US dollars, first half revenue was USD 3,362 million, an
increase of 14.3%.
-
Revenue in 2nd quarter 2010
Consolidated second quarter 2010 revenue was EUR 1,376 million,
an increase of 21.3% on the figure of EUR 1,134 million for the
corresponding period in 2009 (the exchange rate impact was positive at
EUR 73 million).
Organic growth was +7.1% in the second quarter, a significant
improvement on first quarter organic growth of +3.1%.
The second quarter undoubtedly benefited from a low basis of comparison,
but the marked upswing in advertising business seen in the first quarter
was also maintained.
Growth was also fuelled by new business wins in 2009 and by an increase
in advertising spending by major clients.
- Breakdown of 2nd quarter 2010 revenue by
region
|
(EUR million)
|
|
Revenue
|
|
Organic Growth
|
|
|
|
2nd quarter 2010
|
|
2nd quarter 2009
|
|
|
|
Europe
|
|
437
|
|
381
|
|
+7.3%
|
|
North America
|
|
679
|
|
535
|
|
+8.1%
|
|
Asia-Pacific
|
|
154
|
|
123
|
|
+5.3%
|
|
Latin America
|
|
71
|
|
58
|
|
+11.5%
|
|
Africa and Middle East
|
|
35
|
|
37
|
|
-10.4%
|
|
Total
|
|
1,376
|
|
1,134
|
|
+7.1%
|
Europe performed well in the second quarter. Only Africa and the Middle
East posted negative figures.
Operating margin and operating income
Operating margin before depreciation and amortization was EUR 422
million in first half 2010, up 26.7% from EUR 333 million for the
first half of 2009.
Operating margin was EUR 369 million compared with EUR 287
million for the same period in 2009, an increase of 28.6%.
Operating margin rate for the first half of the year was 14.5%,
up from 13% for the same period in 2009. This reflects the
significant upturn in activity as compared with first half 2009, and
continued tight control over costs. The effects of measures taken in
2009, particularly with regard to containing personnel costs, are
beginning to be felt.
Operating income for first half 2010 was EUR 353 million compared
to EUR 257 million for the corresponding period in 2009, an increase of 37.4%.
Net income
Net income attributable to the Group was EUR 213 million, an
increase of 27.5% on the net income of EUR 167 million reported
for the first half of 2009.
Net income includes a net financial expense of EUR 42 million and a tax
charge of EUR 89 million for the half-year.
Free Cash Flow
The Groupe's free cash flow, excluding changes in WCR, was up sharply (+42%
on the corresponding period of 2009) at EUR 277 million. The
increase is directly linked to the increase in operating margin before
depreciation and amortization.
Net financial debt at June 30, 2010
Net financial debt was EUR 618 million at June 30, 2010 compared
to 899 EUR million at June 30, 2009. This figure includes the
impact of the partial buyback of Publicis Groupe shares held by SEP
Badinter-Dentsu at a cost of EUR 217.5 EUR million. Net financial debt
at December 30, 2009 was EUR 313 million, the raise observed at
June 30,2010 reflecting the usual seasonal effect.
The Groupe's average net debt for the first half of 2010 was EUR 673 million,
down sharply on the figures of EUR 1, 002 million for first half 2009
and EUR 929 million for the full year 2009.
The Groupe's available liquidity position at June 30, 2010 was EUR 3.6
billion.
Shareholders' equity at June 30, 2010
Consolidated shareholders' including minority interests was EUR 3,111
million at June 30, 2010, compared with EUR 2,838 million at December
31, 2009. This includes the impact of allocation of 2009 income
(dividends of EUR 107 million distributed).
The debt/equity ratio thus rose from 0.14 at December 31, 2009 to 0.20
at June 30, 2010.
II. NETWORKS
The upturn in advertising markets over the course of the first half of
the year is benefiting all the Groupe's networks. The growing
contribution from digital activities, up to 28.1% of first half
revenue compared with 20.7% (at 2010 exchange rate) for the first
half of 2009, once again confirms the Groupe's strategic decision to
help its clients keep pace with a changing consumer landscape and the
new digital audience. Digital activities are now making their way into
every one of the Groupe's networks, bringing the benefits of expertise
and new ideas in virtually every area of digital operations, be it
search, display, or the social and mobile networks made possible by the
creation of the VivaKi Nerve Center (and at the same time avoiding
duplication of investments).
III. COST CONTROL
The Groupe continues to exercise tight control over its costs. Cost
optimization programs are the focus of unrelenting attention and are
ongoing. The deployment of shared service centers, initiated some years
ago, continues, as does the process of regionalization. The ?Americas?
platform, designed to serve the entire continent, is scheduled to go
fully operational at the end of this year. The rollout (first local and
subsequently global) of ERP, made possible by the integration of most
agencies into shared service centers and the adoption of shared
processes, continues. The Group expects to achieve a significant
reduction in its operating costs from this investment, through global
harmonization of processes and systems as from 2012.
Thanks to a solid balance sheet and improved cost control, the Groupe is
well placed to meet market needs and sharpen its competitive edge.
IV. NEW BUSINESS: USD 2.1 BILLION IN NET WINS
Publicis Groupe took in USD 2.1 billion in net new business in
the first half of 2010, clear testimony to the attractiveness of its
products and services (see Appendix for list).
V. ACQUISITIONS
Publicis Groupe has embarked on a process of securing long-term growth
by ramping up its engagement in digital activities and emerging
economies, both of which are growth drivers for the communications
sector today and in the future.
A significant number of targets have been identified, with special
interest focusing on the opportunities offered by China.
On March 30, Publicis Groupe announced it had acquired a minority stake
in Taterka Comunicações (Taterka), an advertising agency based in São
Paulo, Brazil.
On April 6, 2010, the Groupe acquired Canadian agency In-Sync. Founded
in 1989, the Toronto-based agency operates in the health and wellness
space, specializing in market research consultancy and offering
innovative marketing solutions to its biopharma clients.
At the end of April, Publicis Groupe bought out the minority interests
in W&K and holds now 100% of the capital of this Chinese agency, now
rebranded Leo Burnett Beijing Communications Co., Ltd.
On May 19, 2010, Publicis Groupe acquired Resolute Communications Ltd.
Founded in 2002, Resolute Communications provides healthcare
communications programs spanning strategic consulting, medical
education, and media and public relations. Resolute is headquartered in
London with an office in New York. Resolute will be merged with Publicis
Life Brands in London to form a new entity renamed Publicis Life Brands
Resolute, that will further entrench Publicis Healthcare Communications
Group (PHCG) as a leader in the United Kingdom.
VI. FINANCE
January 2010 saw the early redemption of some of the outstanding 2018
Oceane convertible bonds. According to the 2018 Oceane prospectus, any
holder was entitled to request early redemption of all or part of its
Oceane bonds at the early redemption price of EUR 45.19 per bond. At the
early redemption date, i.e. January 18, 2010, a total of 617,985 Oceane
bonds were repaid early for a total amount of EUR 28 million.
The number of Oceane bonds subsequently outstanding is 2,624,538,
representing 14.9% of the number initially issued (17,624,521).
Furthermore, in view of the authorization granted by the Combined Annual
General Meeting of the shareholders on June 9, 2009, Publicis Groupe SA
entered into an agreement on January 8, 2010, with an authorized
intermediary, with a view to purchasing 2.7 million Publicis Groupe
shares. This authorization was granted for a period of eighteen months
from June 9, 2009, i.e. until December 8, 2010. To date, 2,482,440
shares have been purchased under this program.
On May 10, 2010 Publicis Groupe purchased from Dentsu Inc. a block of
7,500,000 of its own shares, held by SEP Dentsu-Badinter, to be
cancelled. The total price paid for the block was EUR 217.5 million,
equivalent to EUR 29 per share. The shares were immediately cancelled.
VII. RECENT EVENTS
Acquisitions
On July 12, 2010, Publicis Groupe announced its acquisition of G4, a
Beijing-based advertising agency. Launched in 2009, G4 offers integrated
communications solutions, including advertising, design and strategic
consulting, to Nestlé in China. G4 has rebranded as Publicis G4 and will
join forces with the Publicis Beijing Nestlé team. Concentrating all the
skills and resources dedicated to Nestlé within Publicis G4 will provide
an enhanced service to this key customer throughout Greater China and
the Asia region.
New Business
New business maintained its dynamic pace at the beginning of second half
2010 after total gains of USD 1 billion for the second quarter.
VIII. Outlook
For the second time in succession, ZenithOptimedia has upgraded its
forecasts of growth in global advertising expenditure for 2010, most
recently to 3.5% growth. These significantly higher forecasts confirm
the upturn in the market, after a year of record decline in global
advertising expenditure in 2009.
Publicis Groupe's growth rates for the first two quarters of 2010 are a
mark of excellent performance and testimony to its judicious strategic
choices, with digital activities continuing to expand across all the
Groupe's networks and creating the right conditions for innovation and
value creation. Emerging economies are returning to growth rates more
commensurate with their level of development and opening up new
prospects for the Groupe.
These two cornerstones offer assurances of growth both now and in the
future.
Investments in talent and in digital activities are still very much
ongoing, made possible by strict cost control and a sound financial
situation.
With many emerging economies, China in particular, returning to high
growth, a recovering US economy (although flat since May), and certain
European countries (including France and the UK) holding up well,
Publicis Groupe confirms its target of outperforming the market on
growth for full year 2010.
* * *
?This document contains forward-looking statements. The use of the
words "aim(s)," "expect(s)," "feel(s)," "will," "may," "believe(s),"
"anticipate(s)" and similar expressions in this press release are
intended to identify those statements as forward looking.
Forward-looking statements are subject to risks and uncertainties that
could cause actual results to differ materially from those projected.
You should not place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. Other than in
connection with applicable securities laws, Publicis Groupe undertakes
no obligation to publish revised forward-looking statements to reflect
events or circumstances after the date of this press release or to
reflect the occurrence of unanticipated events. Publicis Groupe urges
you to review and consider the various disclosures it made concerning
the factors that may affect its business carefully, including the
disclosures made to the French financial authority (AMF)?
About Publicis Groupe
Publicis Groupe [Euronext Paris: FR0000130577] is the world's third
largest communications group. In addition, it is ranked as the world's
second largest media counsel and buying group, and is the first global
network in digital and healthcare communications. With activities
spanning 104 countries on five continents, the Groupe employs
approximately 46,000 professionals. Publicis Groupe offers local and
international clients a complete range of advertising services through
three global advertising networks, Leo Burnett, Publicis, Saatchi &
Saatchi, two multi-hub networks, Fallon and 49%-owned Bartle Bogle
Hegarty, as well as New York-based Kaplan Thaler Group. Media
consultancy and buying is offered through the two first ranked worldwide
networks, Starcom MediaVest Group and ZenithOptimedia; and interactive
and digital marketing led by the two first ranked Digitas and Razorfish
networks. Publicis Groupe launched VivaKi to leverage the combined scale
of the autonomous operations of Digitas, Denuo, Razorfish, Starcom
MediaVest Group and ZenithOptimedia to develop new services, tools, and
next generation digital platforms. Publicis Groupe's specialized
agencies and marketing services offer healthcare communications with
Publicis Healthcare Communications Group (PHCG, the first network in
healthcare communications), sustainability communications and
multicultural communications. With MS&LGroup, one of the world's top
three PR and Events networks, expertise ranges from corporate and
financial communications to public relations and public affairs,
branding, social media marketing and events, sports marketing and events.
Web site: www.publicisgroupe.com
*******
Appendices
New Business - 1st Half 2010
USD
2.1 billion (net)
KEY WINS
DIGITAS
Electronic Arts (Brazil), Topper (Brazil), CA (USA),
Goodyear (USA), Aflac (USA), Sears (USA), Whitewave (USA), Olay (Hong
Kong/ Taiwan), Airtel (India), Nestle (India), Renault ZE (France)
FALLON
Cadbury Flake (UK), French Connection (global), Nokia
(global), The Cosmopolitan of Las Vegas. (USA), Cadillac (USA)
LEO BURNETT
Chrysler (UK, Germany, Turkey), Samsung
(Malaysia, Czech Republic, Thailand, Kazakhstan), COI/BIS (UK), Research
in Motion- Blackberry (UK), DUFRY- duty free (Mexico), Sigma Alimentos
(Mexico), Koleston (Colombia), Nestlé (Guatemala),
Sanofi-Aventis (Guatemala), Canon (Thailand), Amway (China), Siemens
(China), Merrill Lynch (Korea), British Council (Sri Lanka), BMW
(Malaysia), Pilipinas Shell (Philippines), Arla Food (Russia), Nycomed
(Latvia), The ITI Group (Poland), Alt?parmak (Turkey), El-Bi Electrics
(Turkey), Turkcell (Turkey), Ülker (Turkey), Delipapier Sofidel
(France), Campero (Guatemala, Salvador), V-Inspired (UK), Cemex (Costa
Rica), World Gold Council (Turkey), Dubai International Film Festival,
Tele2 (Kazakhstan), Fiat (Mexico), Cipher Lab (Taiwan)
MS&L GROUP
What's on (India), World Gold Council
(China), Central agency for national insurance (France), National
Defense Ministry (France), Klépierre Ségécé (France), Pernod Ricard
(France), RapidShare (Germany), Apoteket (Sweden)
PUBLICIS WORLDWIDE
Dolce Gusto (France, USA), Chrysler
(Canada), City of Toronto (Canada), Metro (Canada), Siemens Energy
(Germany, Asia), Telefonica / Movistar (Spain), Sky News / Online
project (UK), Cafè do Brasil (Italy), Orogel (Italy), J.K. Helene Curtis
(India), Reserve Bank of India / VIP Bags (India), SCMP Classified Post
(Hong Kong), Le Monde (France), Ricola (France), Descamps (France),
Carte d'Or (France), Cyrillus (France), GT Land Plaza (China), La Halle
(France), Aéroports de la Cote d'Azur (France), Nestlé / Dairy Culinary
(Mexico), Bupa (UK), Concha y Toro / VCT (Brazil), Hamburger / Financial
(Germany), Bud Light (Canada), Beefeater Gin (UK), Randstad (UK), Belle
Avenue (Thailand), Black Canyon (Thailand), Wellcome / Social business
(Germany), Emirates Airlines (Netherlands), Stivoro / Anti-smoking
campaign (Netherlands), Musée du Louvre (France), Losc / Lille Football
Club (France), Hammerson (France), Shanghai World Expo's / Information &
communication pavilion account, Virgin Mobile (Australia), City of
Dreams / Digital account (Hong Kong), Indigo Books / Largest Canadian
book retailer, (Canada), Hasbro (Canada), Canadian Olympic
Foundation (Canada), Fiat / Punto Evo / International launch in Spain,
Portugal, Netherlands, Belgium, Ireland, Poland ( France), BNP Paribas /
Investment Partners (Netherlands), Nestlé Maggi (Malaysia)
SAATCHI & SAATCHI
Arla Foods - Lurpak (Global except for
UK), BNP Paribas (Poland), Red.es digital TV (Spain), Chrysler &
Dodge SUV (China), Vinda (China), Carlsberg: Dali, Wusu, XiXia (China),
Petrobras (Brazil), Sanitarium (New Zealand), Toyota (Italy)
STARCOM MEDIAVEST GROUP
Honda (Germany, Italy, Norway,
Poland, Sweeden, UK), CBS Film (USA), Turner (USA), Napa Auto Parts
(USA), Nintendo (Netherlands), Dutch Government (Netherlands), Van Haren
(Netherlands), Silesia Voivodship (Poland), Ministry of Environment
(Poland), Skyways (Sweeden), FEW Online Retail (Sweeden),
Prudential Direct Insurance (Taiwan), Coca-Cola (France), Mitre 10
(Australia), Mars Wrigley (China), in.gr (Greece), General Mills
(China), Supermac's (Ireland), AIB (Ireland), IKKS (Netherlands),
Provident (Poland), Aflac (USA), Avon (USA), Kraft/Cadbury (global),
American Egg Board (USA)
THE KAPLAN THALER GROUP
Aflac (USA)
ZENITHOPTIMEDIA
Aviva (global), Reckitt Benckiser (global),
Beijing Tourism Board, China Merchant Bank, Maoduoli (China), Electrolux
(Vietnam), Georgia Pacific (Romania), Vivartia (Romania), BN Telecom
(Turkey), Dyo (Turkey), Pegasus Airlines (Turkey), SAB Miller (Ecuador),
Axtel (Mexico), Lindt (United Arab Emirates), Catalonian Government
(Spain), Ministry of Environment (Spain), Perfume Shop (UK), Remington
Consumer Products (USA), Beijing Lan Hai Cold Mineral Water (China),
Warner Bros (Singapore), Universal Pictures (Mexico), Hubei Mobile
(China), Reckitt Benckiser (China), AS Watson (APAC)
*******
Glossary
Operating margin rate: operating margin/revenue.
Average half-year net debt: half-year average of average monthly
net debt.
Free cash flow: cash flow from operations minus capital
expenditures for tangible and intangible fixed assets, excluding
acquisitions.
Net new business: this figure is derived not from financial
reporting but from estimated media-marketing budgets based on annual
business (net of losses) from new and existing clients.
For further information, please visit our website: www.finance.publicisgroupe.com
*******
2010 Press Releases
|
08/01/10
|
|
Share repurchase program
|
|
11/01/10
|
|
Partnership between the Women's Forum and Terrafemina
|
|
18/01/10
|
|
OCEANES 2018 – early redemption
|
|
05/02/10
|
|
Lov Group and Publicis Groupe in exclusive negotiations
|
|
17/02/10
|
|
2009 Annual Results
|
|
16/03/10
|
|
Management Board bonuses
|
|
30/03/10
|
|
Publicis Groupe acquires a minority stake of Brazilian agency
Taterka Comunicações
|
|
06/04/10
|
|
Publicis Groupe Acquires In-Sync Healthcare Agency
|
|
22/04/10
|
|
Publicis Groupe: First Quarter 2010 Revenue - Back to Growth
|
|
26/04/10
|
|
Re-Elections at the Publicis Groupe Supervisory Board
|
|
29/04/10
|
|
Publicis Groupe Acquires Remaining Capital of Leo Burnett / W&K
Beijing Advertising Co. Ltd
|
|
10/05/10
|
|
Publicis Groupe Announces its Acquisition from Dentsu Inc. of
7,500,000 of its own Shares in Order to Cancel Them
|
|
19/05/10
|
|
Publicis Groupe acquires Resolute Communications, in Healthcare
Communications
|
|
01/06/10
|
|
Publicis Groupe Annual General Shareholders' Meeting - Dividend set
at 0.60 Euros per Share
|
|
01/06/10
|
|
Supervisory Board and Management Board of Publicis Groupe
|
|
28/06/10
|
|
Danièle Bessis Joins Publicis Groupe as CEO of Re:Sources Worldwide
|
|
12/07/10
|
|
Publicis Groupe Acquires G4 Advertising co. Ltd. in China
|
For further information: www.publicisgroupe.com
Publicis Groupe
Consolidated financial statements – June 30, 2010 (unaudited)
Consolidated income statement
|
(in millions of euros)
|
|
June 30, 2010
|
|
June 30, 2009
|
|
2009
|
|
Revenue
|
|
2,538
|
|
2,209
|
|
4,524
|
|
Personnel expenses
|
|
(1,613)
|
|
(1,423)
|
|
(2,812)
|
|
Other operating expenses
|
|
(503)
|
|
(453)
|
|
(940)
|
<
© Business Wire 2010
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