Publicis Groupe’s Supervisory Board met on July 22, 2020, under the chairmanship of Maurice Lévy, to examine the half-yearly accounts at June 30, 2020, presented by Arthur Sadoun, Chairman of the Management Board and Chief Executive Officer.
| (in euro million except per-share data and percentages) | H1 2020 | H1 2019 | 2020 vs. 2019 |
|---|---|---|---|
| Data from the Income and Cash-Flow Statements |
|
|
|
| Net revenue | Net revenue H1 2020 4,774 |
Net revenue H1 2019 4,352 |
Net revenue 2020 vs. 2019 +9.7% |
| Pass-through revenue | Pass-through revenue H1 2020 504 |
Pass-through revenue H1 2019 516 |
Pass-through revenue 2020 vs. 2019 -2.3% |
| Revenue | Revenue H1 2020 5,278 |
Revenue H1 2019 4,868 |
Revenue 2020 vs. 2019 +8.4% |
| EBITDA | EBITDA H1 2020 923 |
EBITDA H1 2019 885 |
EBITDA 2020 vs. 2019 +4.3% |
| % of Net revenue | % of Net revenue H1 2020 19.3% |
% of Net revenue H1 2019 20.3% |
% of Net revenue 2020 vs. 2019 (100) bps |
| Operating margin excluding transaction costs(1) | Operating margin excluding transaction costs (1)H1 2020 622 |
Operating margin excluding transaction costs (1)H1 2019 652 |
Operating margin excluding transaction costs (1)2020 vs. 2019 -4.6% |
| % of Net revenue | % of Net revenue H1 2020 13.0% |
% of Net revenue H1 2019 15.0% |
% of Net revenue 2020 vs. 2019 (200) bps |
| Operating margin | Operating margin H1 2020 622 |
Operating margin H1 2019 612 |
Operating margin 2020 vs. 2019 +1.6% |
| % of Net revenue | % of Net revenue H1 2020 13.0% |
% of Net revenue H1 2019 14.1% |
% of Net revenue 2020 vs. 2019 (110) bps |
| Operating income | Operating income H1 2020 254 |
Operating income H1 2019 489 |
Operating income 2020 vs. 2019 -48.1% |
| Net income attributable to the Groupe | Net income attributable to the Groupe H1 2020 136 |
Net income attributable to the Groupe H1 2019 345 |
Net income attributable to the Groupe 2020 vs. 2019 -60.6% |
| Earnings Per Share (EPS) | Earnings Per Share (EPS) H1 2020 0.57 |
Earnings Per Share (EPS) H1 2019 1.49 |
Earnings Per Share (EPS) 2020 vs. 2019 -61.7% |
| Headline diluted EPS(2) | Headline diluted EPS (2)H1 2020 1.75 |
Headline diluted EPS (2)H1 2019 1.98 |
Headline diluted EPS (2)2020 vs. 2019 -11.6% |
| Free Cash Flow before change in working capital requirements | Free Cash Flow before change in working capital requirements
H1 2020 495 |
Free Cash Flow before change in working capital requirements
H1 2019 491 |
Free Cash Flow before change in working capital requirements
2020 vs. 2019 +0.8% |
| Data from the Balance sheet | June 30, 2020 | Dec. 31, 2019 |
|---|---|---|
| Total assets | Total assets June 30, 2020 29,624 |
Total assets Dec. 31, 2019 32,659 |
| Groupe share of Shareholders’ equity | Groupe share of Shareholders’ equity June 30, 2020 7,030 |
Groupe share of Shareholders’ equity Dec. 31, 2019 7,401 |
| Net debt (net cash) | Net debt (net cash) June 30, 2020 3,221 |
Net debt (net cash) Dec. 31, 2019 2,713 |
(1) Transaction costs related to the acquisition of Epsilon totaled euro 40 million in 2019.
(2) Net income attributable to the Groupe, after elimination of impairment charges, amortization of intangibles arising from acquisitions, the main capital gains or (losses) on disposals, change in the fair value of financial assets, the revaluation of earn-out costs and Epsilon transaction costs, divided by the average number of shares on a diluted basis.
