Universal Registration Document 2023

IN 2023, WE STRENGTHENED OUR POSITION AS AN INDUSTRY LEADER IN ESG.

With revenues of almost 15 billion euros in 2023, an increase of 35% compared with 2019, Publicis has consolidated its number two position in the industry. And for the first time, thanks to the trust you have placed in us, our Groupe’s market capitalisation is the highest in the industry. I would like to thank each and every one of our employees for their extraordinary efforts in 2023. As you can see, they have allowed us to reach new heights.

We feel very confident looking ahead to 2024. Our model permits us to anticipate an organic growth of between +4% and +5% in 2024 and to continue to gain market share from our competitors. At the same time, our company will continue to post the best financial ratios in the sector, with an operating margin of 18% and a free cash flow before changes in working capital of between 1.8 billion and 1.9 billion euros.

Finally, the change in our legal structure, if approved, will allow us to continue to benefit from Maurice Lévy’s talent, experience, and energy beyond 2024.

FOR THE FIRST TIME, OUR GROUPE’S MARKET CAPITALISATION IS THE HIGHEST IN THE INDUSTRY.

This proposal is part of the continuity of our business model and will allow us to maintain the alliance that Maurice Lévy and myself have formed over the last seven years, which has enabled Publicis to become the leading listed company in our sector. With your support, our company will be able to face the future with confidence in an industry undergoing profound changes.