Net revenue | ||||
|---|---|---|---|---|
| (in millions of euros) | Q2 2020 | Q2 2019 | Reported growth | Organic growth |
| Europe | Europe Net revenue 510 | 663 | -23.1% | -23.5% |
| North America | North America Net revenue 1,458 | 1,177 | +23.9% | -7.6% |
| Asia Pacific | Asia Pacific Net revenue 215 | 237 | -9.3% | -5.7% |
| Latin America | Latin America Net revenue 50 | 78 | -35.9% | -20.2% |
| Middle East & Africa | Middle East & Africa Net revenue 60 | 79 | -24.1% | -23.5% |
| Total | Total Net revenue 2,293 | 2,234 | +2.6% | -13.0% |
Publicis Groupe’s net revenue in Q2 2020 was euro 2,293 million compared to euro 2,234 million in Q2 2019, up by 2.6%. Exchange rate variations had a euro 1 million negative impact. The acquisitions (net of disposals) contributed euro 350 million to net revenue in Q2 2020, mainly reflecting the contribution of Epsilon.
Organic growth was -13.0% in Q2 2020. Excluding the impact of French activities that were shut down during Q2, like outdoor media activities and the Drugstore, organic growth for the Groupe was -11.0%. Most of Groupe’s activities were negatively impacted in Q2, except the Health division which recorded a double-digit growth. Europe was particularly affected as containment measures lasted over the vast majority of the quarter.
Publicis Groupe’s net revenue for the first half 2020 was euro 4,774 million, up 9.7% compared to euro 4,352 million in H1 2019. Exchange rate variations over the period have a positive impact of euro 32 million. Acquisitions (net of disposals) have a contribution of euro 743 million on net revenue, most of it being related to the acquisition of Epsilon.
Organic growth is -8.0% in H1 2020. The Group has been impacted by the effects of the Covid‑19 pandemic from March, with a further decline in organic growth in Q2 following the containment measures that were implemented by governments in different geographies. With its transformation almost completed, the Groupe entered well the year 2020 thanks to its strong tailwind in the US and its continued new business momentum.
