The Publicis Groupe structure has been developed to provide the Groupe’s clients with comprehensive, holistic communication services involving all disciplines. As of January 1, 2020, Publicis Groupe has defined 10 key markets (country or region), which has led to operating segments being redefined. These 10 countries or regions are each run or supervised by a single person and overseen day-to-day by a single Executive Committee, bringing together members with a wide range of expertise. They are thus structured to offer our clients a broad-based solution that meets their needs.
The Groupe has therefore identified 10 operating segments corresponding to the geographic regions in which it operates: United States, Canada, United Kingdom, France, DACH (Germany, Austria and Switzerland), Asia-Pacific & Africa-Middle East, Northern and Central Europe, Western Europe, Latin America (excluding Brazil) and Brazil.
Those operating segments with similar economic characteristics (similar margins), or where the nature of services provided to clients and the type of clients at which they are aimed are similar, have been grouped into five reporting segments: North America, Europe, Asia-Pacific, Middle-East Africa and Latin America.
The presentation of financial information based on the new operating segments results in the same level of information being presented as by geographic region.
(in millions of euros) | Europe | North America | Asia Pacific | Latin America | Middle East & Africa | Total |
|---|---|---|---|---|---|---|
Income statement items | Income statement items Europe
| Income statement items North America
| Income statement items Asia Pacific
| Income statement items Latin America
| Income statement items Middle East & Africa
| Income statement items Total
|
Net revenue(1) | Net revenue(1) Europe 2,278 | Net revenue(1) North America 5,997 | Net revenue(1) Asia Pacific 932 | Net revenue(1) Latin America 230 | Net revenue(1) Middle East & Africa 275 | Net revenue(1) Total 9,712 |
Revenue(1) | Revenue(1) Europe 2 663 | Revenue(1) North America 6 471 | Revenue(1) Asia Pacific 1 089 | Revenue(1) Latin America 239 | Revenue(1) Middle East & Africa 326 | Revenue(1) Total 10 788 |
Depreciation and amortization expense (excluding intangibles acquired) | Depreciation and amortization expense (excluding intangibles acquired) Europe (269) | Depreciation and amortization expense (excluding intangibles acquired) North America (231) | Depreciation and amortization expense (excluding intangibles acquired) Asia Pacific (74) | Depreciation and amortization expense (excluding intangibles acquired) Latin America (14) | Depreciation and amortization expense (excluding intangibles acquired) Middle East & Africa (12) | Depreciation and amortization expense (excluding intangibles acquired) Total (600) |
Operating Margin | Operating Margin Europe 232 | Operating Margin North America 1 116 | Operating Margin Asia Pacific 170 | Operating Margin Latin America 24 | Operating Margin Middle East & Africa 16 | Operating Margin Total 1 558 |
Amortization of intangibles from acquisitions | Amortization of intangibles from acquisitions Europe (33) | Amortization of intangibles from acquisitions North America (286) | Amortization of intangibles from acquisitions Asia Pacific (13) | Amortization of intangibles from acquisitions Latin America (3) | Amortization of intangibles from acquisitions Middle East & Africa (4) | Amortization of intangibles from acquisitions Total (339) |
Impairment loss | Impairment loss Europe (11) | Impairment loss North America (224) | Impairment loss Asia Pacific (2) | Impairment loss Latin America (4) | Impairment loss Middle East & Africa - | Impairment loss Total (241) |
Non-current income and expenses | Non-current income and expenses Europe 2 | Non-current income and expenses North America 3 | Non-current income and expenses Asia Pacific - | Non-current income and expenses Latin America - | Non-current income and expenses Middle East & Africa - | Non-current income and expenses Total 5 |
Operating income after impairment | Operating income after impairment Europe 190 | Operating income after impairment North America 609 | Operating income after impairment Asia Pacific 155 | Operating income after impairment Latin America 17 | Operating income after impairment Middle East & Africa 12 | Operating income after impairment Total 983 |
Balance sheet items | Balance sheet items Europe
| Balance sheet items North America
| Balance sheet items Asia Pacific
| Balance sheet items Latin America
| Balance sheet items Middle East & Africa
| Balance sheet items Total
|
Intangible assets, net(2) | Intangible assets, net(2) Europe 1,417 | Intangible assets, net(2) North America 9 294 | Intangible assets, net(2) Asia Pacific 1,120 | Intangible assets, net(2) Latin America 206 | Intangible assets, net(2) Middle East & Africa 330 | Intangible assets, net(2) Total 12,367 |
Property, plant and equipment, net | Property, plant and equipment, net Europe 797 | Property, plant and equipment, net North America 1 209 | Property, plant and equipment, net Asia Pacific 198 | Property, plant and equipment, net Latin America 30 | Property, plant and equipment, net Middle East & Africa 37 | Property, plant and equipment, net Total 2,271 |
Other financial assets | Other financial assets Europe 150 | Other financial assets North America 48 | Other financial assets Asia Pacific 27 | Other financial assets Latin America 5 | Other financial assets Middle East & Africa 2 | Other financial assets Total 232 |
Disclosures in respect of the statement of cash flows | Disclosures in respect of the statement of cash flows Europe
| Disclosures in respect of the statement of cash flows North America
| Disclosures in respect of the statement of cash flows Asia Pacific
| Disclosures in respect of the statement of cash flows Latin America
| Disclosures in respect of the statement of cash flows Middle East & Africa
| Disclosures in respect of the statement of cash flows Total
|
Purchases of property, plant and equipment and intangible assets | Purchases of property, plant and equipment and intangible assets Europe (31) | Purchases of property, plant and equipment and intangible assets North America (107) | Purchases of property, plant and equipment and intangible assets Asia Pacific (26) | Purchases of property, plant and equipment and intangible assets Latin America (2) | Purchases of property, plant and equipment and intangible assets Middle East & Africa (1) | Purchases of property, plant and equipment and intangible assets Total (167) |
Purchases of investments and other financial assets, net | Purchases of investments and other financial assets, net Europe (14) | Purchases of investments and other financial assets, net North America 3 | Purchases of investments and other financial assets, net Asia Pacific 2 | Purchases of investments and other financial assets, net Latin America (1) | Purchases of investments and other financial assets, net Middle East & Africa 1 | Purchases of investments and other financial assets, net Total (9) |
Acquisitions of subsidiaries | Acquisitions of subsidiaries Europe (28) | Acquisitions of subsidiaries North America (99) | Acquisitions of subsidiaries Asia Pacific (16) | Acquisitions of subsidiaries Latin America (1) | Acquisitions of subsidiaries Middle East & Africa (2) | Acquisitions of subsidiaries Total (146) |
(1) Because of the way this indicator is calculated (difference between billings and cost of billings), there are no eliminations between the different zones.
(2) The intangible assets breakdown has been restated to take into account the new organization. The presentation of the other balance sheet items was not impacted by the reorganization.
See Note 29 for information by currency on the exposure to exchange rate risk presented by liabilities.
