Publicis Groupe to abstain from giving financial guidance amidst COVID-19 outbreak

On 27th March, Publicis Groupe announced that it will publish its first quarter revenue on April 23, 2020 before the market opens.

The COVID-19 pandemic has been the source of great human suffering, has forced a third of the global population to restrict its movements, including for professional purposes, and thus generated an uncertain, volatile and unprecedented economic situation. As industry peers and other media companies have already communicated, it is difficult to accurately predict the evolution of advertising and marketing spend. Publicis Groupe has therefore decided not to give any guidance until further notice.

However, the Groupe indicates that revenues at end of February were in line with its 2020 roadmap.

As Arthur Sadoun, Chairman and CEO has indicated many times, the management is focused on the safety and well-being of its people, and has put in place all of the necessary measures to allow them to work remotely from home. Ninety-five per cent of Publicis Groupe’s talent around the world are connected and equipped to work from home, supporting all of the Groupe’s clients. Publicis Groupe will continue to protect all its stakeholders’ interests and to rigorously manage all costs, particularly during this period.