‘We have reached new heights’: Publicis Groupe announces another record year
Publicis Groupe has announced another record year, with revenue up 6.3% for the full-year after a stronger-than-expected fourth-quarter.
Publicis Groupe’s net revenue for the full year 2023 was 13,099 million euros (A$23.16m), up 4.2% from the prior year.
Media, one third of the company’s revenue, enjoyed double-digit growth, following double digits in 2022, “benefitting from both market shares gains and organic growth at existing clients,” according to the group.
EBITDA was 2,845 million euros for the full-year ($4.72m) up 1.6%. EBITDA was 21.7% as a percentage of net revenue.
Fourth-quarter revenue was up 5.7%, a “stronger-than-expected” result, according to the company. Publicis Groupe’s full-year revenue is up 35% since 2019.
“In a very challenging macroeconomic context, and after six years of transformation, Publicis definitely extracted itself from the pack in 2023,” said Arthur Sadoun, chairman and CEO of Publicis Groupe.
“Our +6.3% net revenue organic growth for the full year, coming after a stronger than expected end to the year at +5.7% in Q4, means that not only are we substantially outperforming our holding company peers, we are also growing twice as fast as the main IT consulting firms.
“What is true for organic growth is also true for our financial KPIs, be it on margin or on free cash flow.
“At a moment when our clients need partners that can truly help them transform in a challenging and ever-changing environment, our unique model has made the difference, allowing us to significantly gain market share and rank first in new business for the fifth year in a row.
“Entering 2024, we feel confident in sustaining this momentum, just as we’ve done for the last four years with a +4.7% CAGR, twice the industry average. We anticipate delivering +4 to +5% organic growth while maintaining our historically high operating margin at 18%. When it comes to Q1, we expect to significantly outperform the industry with an organic growth within our full year guidance.
“I would like to thank of our clients for their trust during this transformation journey and our people for their outstanding efforts. Thanks to all of them, we have reached new heights as a group, and are now in a position to face what will be another year of uncertainties with confidence and ambition.”
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Nathan Jolly is the Deputy Editor of Mumbrella. He joined the team in July, 2023.
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Bragging about this while commiserating the losses of hundreds of jobs in other media releases is ultimate media industry lack of self awareness
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