(in millions of euros) | Notes | June 30, 2020 (6 months) | June 30, 2019 (6 months) | December 31, 2019 (12 months) |
---|---|---|---|---|
Net revenue(1) | Net revenue (1)June 30, 2020 (6 months) 4,774 | Net revenue (1)June 30, 2019 (6 months) 4,352 | Net revenue (1)December 31, 2019 (12 months) 9,800 | |
Pass-through revenue | Pass-through revenue June 30, 2020 (6 months) 504 | Pass-through revenue June 30, 2019 (6 months) 516 | Pass-through revenue December 31, 2019 (12 months) 1,201 | |
Revenue | Revenue June 30, 2020 (6 months) 5,278 | Revenue June 30, 2019 (6 months) 4,868 | Revenue December 31, 2019 (12 months) 11,001 | |
Personnel costs | Personnel costs Notes 4 | Personnel costs June 30, 2020 (6 months) (3,224) | Personnel costs June 30, 2019 (6 months) (2,879) | Personnel costs December 31, 2019 (12 months) (6,073) |
Other operating costs | Other operating costs June 30, 2020 (6 months) (1,131) | Other operating costs June 30, 2019 (6 months) (1,104) | Other operating costs December 31, 2019 (12 months) (2,683) | |
Operating margin before depreciation & a mortization | Operating margin before depreciation & a mortization June 30, 2020 (6 months) 923 | Operating margin before depreciation & a mortization June 30, 2019 (6 months) 885 | Operating margin before depreciation & a mortization December 31, 2019 (12 months) 2,245 | |
Depreciation (excluding intangibles arising from acquisitions ) | Depreciation (excluding intangibles arising from acquisitions ) Notes 5 | Depreciation (excluding intangibles arising from acquisitions ) June 30, 2020 (6 months) (301) | Depreciation (excluding intangibles arising from acquisitions ) June 30, 2019 (6 months) (273) | Depreciation (excluding intangibles arising from acquisitions ) December 31, 2019 (12 months) (586) |
Operating Margin | Operating Margin June 30, 2020 (6 months) 622 | Operating Margin June 30, 2019 (6 months) 612 | Operating Margin December 31, 2019 (12 months) 1,659 | |
Amortization of intangibles from acquisitions | Amortization of intangibles from acquisitions Notes 5 | Amortization of intangibles from acquisitions June 30, 2020 (6 months) (142) | Amortization of intangibles from acquisitions June 30, 2019 (6 months) (27) | Amortization of intangibles from acquisitions December 31, 2019 (12 months) (204) |
Impairment loss | Impairment loss Notes 5 | Impairment loss June 30, 2020 (6 months) (231) | Impairment loss June 30, 2019 (6 months) (113) | Impairment loss December 31, 2019 (12 months) (209) |
Non-current income and expenses | Non-current income and expenses Notes 6 | Non-current income and expenses June 30, 2020 (6 months) 5 | Non-current income and expenses June 30, 2019 (6 months) 17 | Non-current income and expenses December 31, 2019 (12 months) 21 |
Operating income | Operating income June 30, 2020 (6 months) 254 | Operating income June 30, 2019 (6 months) 489 | Operating income December 31, 2019 (12 months) 1,267 | |
Financial expense | Financial expense June 30, 2020 (6 months) (95) | Financial expense June 30, 2019 (6 months) (52) | Financial expense December 31, 2019 (12 months) (137) | |
Financial income | Financial income June 30, 2020 (6 months) 47 | Financial income June 30, 2019 (6 months) 67 | Financial income December 31, 2019 (12 months) 112 | |
Cost of net financial debt | Cost of net financial debt Notes 7 | Cost of net financial debt June 30, 2020 (6 months) (48) | Cost of net financial debt June 30, 2019 (6 months) 15 | Cost of net financial debt December 31, 2019 (12 months) (25) |
Other financial income and expenses | Other financial income and expenses Notes 7 | Other financial income and expenses June 30, 2020 (6 months) (44) | Other financial income and expenses June 30, 2019 (6 months) (16) | Other financial income and expenses December 31, 2019 (12 months) (66) |
Revaluation of earn-out payments | Revaluation of earn-out payments Notes 7 | Revaluation of earn-out payments June 30, 2020 (6 months) 2 | Revaluation of earn-out payments June 30, 2019 (6 months) (1) | Revaluation of earn-out payments December 31, 2019 (12 months) (22) |
Pre-tax income of consolidated companies | Pre-tax income of consolidated companies June 30, 2020 (6 months) 164 | Pre-tax income of consolidated companies June 30, 2019 (6 months) 487 | Pre-tax income of consolidated companies December 31, 2019 (12 months) 1,154 | |
Income taxes | Income taxes Notes 8 | Income taxes June 30, 2020 (6 months) (39) | Income taxes June 30, 2019 (6 months) (136) | Income taxes December 31, 2019 (12 months) (305) |
Net income of consolidated companies | Net income of consolidated companies June 30, 2020 (6 months) 125 | Net income of consolidated companies June 30, 2019 (6 months) 351 | Net income of consolidated companies December 31, 2019 (12 months) 849 | |
Share of profit of associates | Share of profit of associates Notes 11 | Share of profit of associates June 30, 2020 (6 months) (2) | Share of profit of associates June 30, 2019 (6 months) (5) | Share of profit of associates December 31, 2019 (12 months) (5) |
Net income | Net income June 30, 2020 (6 months) 123 | Net income June 30, 2019 (6 months) 346 | Net income December 31, 2019 (12 months) 844 | |
Of which: | ||||
Net income attributable to non-controlling interests | Net income attributable to non-controlling interests June 30, 2020 (6 months) (13) | Net income attributable to non-controlling interests June 30, 2019 (6 months) 1 | Net income attributable to non-controlling interests December 31, 2019 (12 months) 3 | |
Net income attributable to equity holders of the parent company | Net income attributable to equity holders of the parent company June 30, 2020 (6 months) 136 | Net income attributable to equity holders of the parent company June 30, 2019 (6 months) 345 | Net income attributable to equity holders of the parent company December 31, 2019 (12 months) 841 | |
Per-share data (in euros) – Net income attributable to equity holders of the parent company | Per-share data (in euros) – Net income attributable to equity holders of the parent companyNotes 9 | |||
Number of shares | Number of shares June 30, 2020 (6 months) 237,468,157 | Number of shares June 30, 2019 (6 months) 231,745,008 | Number of shares December 31, 2019 (12 months) 234,293,034 | |
Earnings per share | Earnings per share June 30, 2020 (6 months) 0.57 | Earnings per share June 30, 2019 (6 months) 1.49 | Earnings per share December 31, 2019 (12 months) 3.59 | |
Number of diluted shares | Number of diluted shares June 30, 2020 (6 months) 238,280,061 | Number of diluted shares June 30, 2019 (6 months) 233,885,720 | Number of diluted shares December 31, 2019 (12 months) 236,608,597 | |
Diluted earnings per share | Diluted earnings per share June 30, 2020 (6 months) 0.57 | Diluted earnings per share June 30, 2019 (6 months) 1.48 | Diluted earnings per share December 31, 2019 (12 months) 3.55 |
(1) Net revenue: revenue less pass-through costs. Those costs are mainly production & media costs and out of pocket expenses. As these items that can be passed on to clients are not included in the scope of analysis of transactions, the net revenue indicator is the most appropriate for measuring the Group’s operational performance.