PUBGY - Publicis Groupe S.A. (PUBGY) Q2 2024 Earnings Call Transcript
2024-07-18 13:22:02 ET
Publicis Groupe S.A. (PUBGY)
Q2 2024 Earnings Conference Call
July 18, 2024, 03:30 AM ET
Company Participants
Arthur Sadoun - Chairman & Chief Executive Officer
Loris Nold - Chief Financial Officer
Conference Call Participants
Adam Berlin - UBS
Nicolas Langlet - BNP Paribas
Laura Metayer - Morgan Stanley
Julien Roch - Barclays
Tom Singlehurst - Citi
Conor O'Shea - Kepler Cheuvreux
Christophe Cherblanc - Bernstein
Adrien de Saint Hilaire - Bank of America
Jérôme Bodin - ODDO BHF
Presentation
Operator
Good morning. This is the conference operator. Welcome, and thank you for joining the Publicis Groupe First Half 2024 Results Conference Call. As a reminder, all participants are in listen-only mode. [Operator Instructions]
At this time, I would like to turn the conference over to Mr. Arthur Sadoun, Chairman and CEO. Please go ahead, sir.
Arthur Sadoun
Merci, Judith. Bonjour, and welcome to Publicis Groupe first half 2024 result call. I am Arthur Sadoun, and I'm here in Paris with our CFO, Loris Nold. Jean-Michel Bonamy is also here and will be available to take all of your questions offline after this session.
I will begin by sharing our H1 results. Loris will then provide more details on our numbers. And I will conclude with our outlook for the rest of the year. As usual, we will take all of your questions together after the presentation.
But before we start, please take the time to read the disclaimer, which is an important legal matter.
Okay, let's get into the presentation. There are three highlights to take away from our H1 performance. First, we continued to win market share, outperforming our peers by close to 400 basis points on average in Q2 as we did in Q1. Second, once again, we achieved the best financial KPIs of our industries. Last, but not least, we are upgrading our full-year organic growth guidance despite continued microeconomic pressures.
Now, let's get into the details. We had a very strong first half of the year with plus 5.4% net revenue organic growth. As some are measuring their growth on revenue, we thought it would be useful to give you an indication of what it looks like for us. So, this means like-for-like revenue growth is plus 7.4% in H1. Still, we believe that the right reference for the industry and ourselves remains net revenue organic growth. At plus 5.6% organic growth, Q2 came ahead of expectation on top of a tough comparable of 7.1% last year and accelerating versus a strong Q1....
Publicis Groupe S.A. (PUBGY) Q2 2024 Earnings Call Transcript