Conor O'Shea

Question 1

Conor O'Shea's questions to PUBLICIS GROUPE (PUBGY) leadership • Q2 2023

Jul 20, 2023

Question

Conor O'Shea of Kepler Cheuvreux asked about the drivers behind the strong double-digit media growth, underlying trends with CPG clients, and the M&A pipeline for the second half of the year.

Answer

Chairman & CEO Arthur Sadoun attributed the strong media performance to winning significant market share, driven by the integrated Epsilon and Sapient offering, and leadership in high-growth areas like connected TV and retail media. He expressed strong optimism for the CPG sector, viewing retail media as a breakthrough for clients to link media spend to sales outcomes. CFO Michel-Alain Proch confirmed the company has an active M&A pipeline to reach its €500-600 million bolt-on acquisition target for the year.

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Question 2

Conor O'Shea's questions to PUBLICIS GROUPE (PUBGY) leadership • Q1 2023

Apr 20, 2023

Question

Conor O'Shea from Kepler Cheuvreux asked for a breakdown of the fastest-growing activities within Epsilon. He also questioned if there were signs of the digital advertising market bottoming out, particularly regarding the CJ affiliate business, and asked about the potential impact of the UK head's departure to Accenture.

Answer

CFO Michel-Alain Proch confirmed that all of Epsilon's divisions grew well, close to the 10% average for the unit. Chairman & CEO Arthur Sadoun stated it was too early to call a bottom in the digital ad market, suggesting a clearer picture would emerge after the U.S. upfronts. Regarding the UK, he attributed the strong performance to Sapient's rebound and strategic media wins, and described the executive's departure as a normal part of agency business life.