Publicis Groupe’s net revenue for the full year 2022 was euro 12,572 million, up 19.9% compared to euro 10,487 million in 2021. This included a euro 864 million positive impact from Exchange rate variations and a euro 77 million positive impact from acquisitions (net of disposals).
Organic growth was +10.1% in FY 2022 compared to 2021. Compared to 2019, this implied organic growth of +13%, accelerating in H2 at +15% after +11% in H1.
With organic growth at double-digit again in 2022, the Groupe continued to show its ability to capture the structural shifts in the industry towards first-party data management, digital media, commerce, and business transformation. This is visible through the rise in organic growth at Epsilon and Publicis Sapient globally, up +12.0% and +18.5% respectively, both again very accretive to the Groupe's performance. It was also visible through the momentum of the Groupe’s Media and Creative operations, which organically grew double-digit and mid-single digit respectively.
The following table shows the evolution of net revenue in Publicis Groupe main markets.
| Net revenue | Growth | ||||
|---|---|---|---|---|---|
| (in million of euros) | FY2022 | FY2021 | Reported | Organic vs. 2021 | Organic vs. 2019 |
| North America | 7,869 | 6,368 | +23.6% | +9.9% | +18% |
| % du total | 63% | 61% | |||
| Europe | 2,879 | 2,534 | +13.6% | +12.3% | +7% |
| % du total | 23% | 24% | |||
| Asia Pacific | 1,176 | 1,038 | +13.3% | +6.5% | +10% |
| % du total | 9% | 10% | |||
| Middle East & Africa | 359 | 304 | +18.1% | +7.5% | +6% |
| % du total | 3% | 3% | |||
| Latin America | 289 | 243 | +18.9% | +10.4% | +11% |
| % du total | 2% | 2% | |||
| Total | 12,572 | 10,487 | +19.9% | +10.1% | +13% |
In North America, net revenue was up +23.6% on a reported basis in 2022, including a significant positive impact of the US dollar to euro exchange rate. On an organic basis, the region grew by +9.9%. The US were also up +9.9% organically, a performance similar to the previous year. Epsilon saw its net revenue increase by +12.2% on the year, with particularly strong performance in Digital Media. Publicis Sapient generated organic growth of +17.5%, capturing strong demand in digital business transformation, after a +20% increase in 2021. Creative activities were up mid-single digit and Media double-digit on the year.
Net revenue in Europe grew +13.6% on a reported basis and +12.3% on an organic basis, including +22.3% in the United Kingdom, +8.5%(1) in France and +4.3% in Germany. Central and Eastern Europe grew by +10.3% organically despite the activity in Ukraine being virtually stopped. Excluding the impact of specific outdoor media activities and the Drugstore, organic growth was +12.8% in Europe.
Asia Pacific saw its net revenue grow +13.3% on a reported basis and +6.5% on an organic basis. China organic growth accelerated throughout the year and recorded +6.6% in 2022, supported by new business and despite the lockdowns.
The Middle East and Africa region was up +18.1% on a reported basis and +7.5% organically.
In Latin America, reported growth was at +18.9% while organic growth was at +10.4%.
(1) Excluding Outdoor Media activities & the Drugstore
