Publicis Groupe Earnings and Revenue Rise – Forecasts Continued Growth in 2023

In the Asia-Pacific organic growth was +6.5%. China grew at +6.6% “supported by new business and despite the lockdowns.”

Publicis Groupe has reported a rise in earnings for the full year, supported by an increase in revenue, with the Paris-headquartered company posting a net income of 1.222 billion euros or 4.82 euros per share, higher than 1.027 billion euros or 4.08 euros per share of 2021.

For Q4 Publicis said reported growth was +18.0%, and organic growth was +9.4%.

The company generated revenue of 12.572 billion euros, higher than the previous year’s 10.487 billion euros, while for the full year, it proposed a dividend of 2.90 euros per share, higher than last year’s 2.40 euros per share.


 

In the Asia Pacific Publics reported net revenue growth of +13.3% on a reported basis and +6.5% on an organic basis. China’s organic growth accelerated throughout the year recording +6.6% in 2022, “supported by new business and despite the lockdowns,” it said.



“2022 was another record year for the Groupe with reported net revenue up +20%,” said Arthur Sadoun, Chairman and CEO of Publicis Groupe. “For the second year in a row, we delivered double-digit organic growth and record-high financials, with Q4 well ahead of expectations.”

Publicis reported the “bonus pool at record high,” with Sadoun saying that includes “record-high bonuses and rewarding everyone in our group.”


 

Looking ahead, for the full year 2023, “the Groupe aims at delivering a 3% to 5% organic growth,” it said, adding that it “expects to maintain very solid financial ratios again in 2023,” with operating margin expected to be between 17.5% and 18%.

Highlights

  • 2022 reported net revenue up +20%
  • Full year 2022 organic growth at +10.1% after strong end to the year with Q4 at +9.4%
  • Epsilon and Publicis Sapient at +12% and +19% organic respectively in 2022
  • Operating margin rate at 18.0% with bonus pool at record high, headline EPS at €6.35 up +26% and Free Cash Flow at €1.7bn1
  • N°1 in new business league tables in 2022 for the fourth time in five years
  • 2023 organic growth expected at +3% to +5% with operating margin rate between 17.5% and 18%
  • 2022 proposed dividend at €2.90 per share, fully paid in cash

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