Publicis Groupe FY23 Profit Rises, Lifts Dividend; Sees Organic Growth In Q1, FY24


(RTTNews) – French advertising company Publicis Groupe (PGPEF.PK, PUBGY.PK) announced on Thursday that its net profit attributable to the Group for the 2023 financial year increased by 7.4% to 1.31 billion euros compared to 1.22 billion euros last year.

Earnings per share amounted to 5.23 euros, up 7.4 percent from 4.87 euros last year. Overall earnings per share amounted to 6.96 euros, compared to 6.35 euros a year ago.

Revenue for the year increased by 4.3% to 14.80 billion euros compared to 14.20 billion euros last year. Net sales amounted to 13.10 billion euros, up 4.2% from 12.57 billion euros the previous year.

In the fourth quarter, net sales amounted to 3.54 billion euros, up 2.3% on a reported basis and 5.7% organically.

In addition, the board of directors proposed a dividend of 3.40 euros per share, an increase of 17 percent compared to the previous year. It will be submitted to a vote by its shareholders at its next General Meeting on May 29.

The company also announced a share buyback plan amounting to approximately 200 million euros in order to stabilize the number of shares in circulation.

Looking ahead, Arthur Sadoun, Chairman and CEO of Publicis Groupe, said: “As we enter 2024, we are confident that we can maintain this momentum, just as we have done over the past four years with a CAGR of +4.7%, twice the industry average. We expect to achieve organic growth of +4 to +5 percent while maintaining our historically high operating margin at 18 percent. Looking ahead to the first quarter, we expect to significantly outperform the sector with organic growth in line with our guidance for the full year.

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