DNTUF - Dentsu Non-GAAP EPS of ¥485.00 revenue of ¥1117B; initiates FY23 guidance
- Dentsu press release ( OTCPK:DNTUF ): FY Non-GAAP EPS of ¥485.00.
- Revenue of ¥1117B (+14.4% Y/Y) and +6.2% constant currency basis.
- Group underlying operating profit increased by 13.5% (5.2% cc) Y/Y to ¥203B. Operating margin improved by 20 bp (20 bp) to 18.4%.
- FY2023 guidance is for Group organic growth c.4%, with underlying operating margins 17.5%. The strong margin delivery in 2022 allows for additional investment in One dentsu to support future growth.
- Expects Net revenue of ¥1,161,400M; Underlying operating margin of 17.5%; Underlying basic EPS of ¥461.84.
- Investments will continue to be made in the client and solutions platform capability expansion to further differentiate the Groups client offer as well as enterprise architecture to deliver One dentsu.
- The Group remains confident in the medium-term targets of 4-5% organic growth CAGR 2022:24 and returning to an 18% margin in 2024.
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Dentsu Non-GAAP EPS of ¥485.00, revenue of ¥1117B; initiates FY23 guidance