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    Matti Littunen

    stock analyst at Bernstein

    Matti Littunen is a stock analyst at Bernstein, specializing in coverage of communication services and the video game industry, with a focus on companies such as Electronic Arts, Take-Two Interactive, WPP plc, and Publicis Groupe. He has maintained a strong professional track record, including a 100% success rate and a 2.05% average return based on published ratings, placing him above average among analysts. Littunen began his career at Enders Analysis, served as a sell-side equity analyst at Bernstein, and later held an Assistant Director role in the TMT M&A Strategy practice at Deloitte UK. He holds an MPhil in Politics and International Relations from the University of Cambridge and an MA from the University of St Andrews.

    Matti Littunen's questions to PUBLICIS GROUPE (PUBGY) leadership

    Matti Littunen's questions to PUBLICIS GROUPE (PUBGY) leadership • Q4 2022

    Question

    Matti Littunen asked about the strategic focus of the commerce business, specifically on Retail Media versus broader areas, and requested an update on the company's restructuring program and future cost levels.

    Answer

    Chairman & CEO Arthur Sadoun detailed a two-pronged retail strategy: helping retail clients with their business transformation via Publicis Sapient and leading in the retail media channel by combining Epsilon's data with Publicis Media's scale. CFO Michel-Alain Proch added that people-related restructuring costs are expected to be around €80 million in 2023, similar to 2022, and that a new real estate rationalization plan is in development.

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