PBCBF - Publicis Groupe S.A. Q3 revenue beats estimates

Publicis Groupe S.A. (OTCQX:PUBGY): Q3 revenue of €2.62B (+12.0% Y/Y) beats by €130M. Outlook: After a stronger-than-expected Q3, the Groupe is in a position to upgrade all its guidance KPIs for the full year 2021 for a second time this year. When it comes to organic growth, the Groupe now expects organic growth between 8.5% and +9%, from 7% previously. Compared to 2019, this represents a 2% organic growth, in line with the first nine months of the year. The Groupe also upgrades its 2021 operating margin expectations to slightly above 17%, while continuing to invest in talent. The company now expects free cash flow before change in working capital at close to 1.3 billion euros for the year, at the high end of the previous objective of 1.2 to 1.3 billion euros. Press Release

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Publicis Groupe S.A. Q3 revenue beats estimates