Lina Kim Ghayor's questions to PUBLICIS GROUPE (PUBGY) leadership • Q2 2022
Question
Lina Kim Ghayor of BNP Paribas asked about tangible signs of a macroeconomic slowdown impacting H2, the resilience of Publicis Sapient in such an environment, and the company's capital allocation plans beyond 2022.
Answer
CFO Michel-Alain Proch detailed the 2022 capital allocation strategy, which includes a €608 million cash dividend, up to €600 million for M&A, and using the remaining cash for deleveraging, stating it was too early to comment on post-2022 plans. Chairman and CEO Arthur Sadoun added that no clients are currently cutting spend and the upgraded H2 guidance reflects both confidence and caution. He emphasized Publicis Sapient's strength, noting its repositioning and forecasting 15% growth for the year.