French holding group Publicis has released the first half of its 2022 results, indicating strong growth across the board despite numerous crises impacting the global economy.
The group registered 21% growth in the second quarter, reporting 19.1% net revenue growth across the first half of the year, which has resulted in the firm updating its guidance to its investors – forecasting 7% growth overall for the year.
Publicis registered particularly strong performances across the Middle East and Africa, with 15.3% growth, and Latin America, with 20.7% growth.
Across the firm’s primary markets of Europe and North America, performance remained promising, with 10.3% and 10.1% growth respectively – with net revenue in North America up 25.2% in the second quarter.
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“H1 2022 came in at an all-time high for the Groupe on all KPIs,” Publicis chairman and CEO, Arthur Sadoun said.
“Our reported net revenue growth in the first half was at +19.1%. It was up +10.4% on an organic basis, implying +11.3% on a 3-year basis, versus pre-pandemic levels.
“After a strong start to the year, we recorded in Q2 an increase of +21% of our net revenue and an organic growth of +10.3%, way beyond expectations.
He added: “There are three reasons behind this remarkable performance, which comes on top of +17.1% organic growth in Q2 last year.
“First, very solid growth across all regions, with the U.S and Europe at +10%, and Asia at +6.5%, with China remaining positive despite the lockdowns.
“Second, further acceleration at Publicis Sapient and Epsilon which grew +19.1% and +13.7% respectively, confirming our ability to capture the shift of client investment towards data, technology and digital business transformation.”
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