Universal Registration Document 2024

3.2 Acquisitions in financial year 2023

The main acquisitions of the period were:

• in April 2023, 100% of Practia, a technology group that provides digital transformation services to companies. This acquisition enables the Groupe to strengthen its positions in the Latin American market and set up a local delivery platform for the North American market. Practia has offices in Argentina, Chile, Mexico, Peru, Brazil, Colombia and Spain, and an operational presence in Uruguay and the United States. The consideration transferred was euro 143 million;
• in June 2023, 100% of Corra, an e-commerce entity with expertise in business solutions, particularly Adobe Commerce. The acquisition enables the Groupe to extend its offerings in digital and omnichannel commerce. The consideration transferred was euro 127 million.

The fair value, at the acquisition date, of the consideration transferred (excluding cash and cash equivalents acquired) for the consolidated entities taken as a whole with the acquisition of control during the period, amounted to euro 289 million. This amount mainly included:

• euro 131 million paid out during the period;
• euro 158 million in earn-out commitments.

The amount paid out in 2023 for acquisitions (net of cash and cash equivalents acquired) totaled euro 194 million and included:

• euro 133 million paid out during the period;
• euro (10) million in net cash acquired;
• euro 71 million in earn-out payments relating to prior acquisitions paid out during the period.

Acquisitions during the period represented less than 1% of consolidated net revenue in financial year 2023 and less than 1% of net income attributable to equity holders of the parent company.

3.3 Disposals in financial years 2024 and 2023

In 2024, the Groupe did not make any significant disposals.

In 2023, the Groupe did not make any significant disposals.

Note 4 Revenue and net revenue

The Groupe supports its clients on all marketing issues thanks to its expertise in the areas of creativity, media, data and digital transformation. To provide a single offering in each country combining all the Groupe’s areas of expertise, Publicis defined ten core markets: the United States, Canada, the United Kingdom, France, DACH (Germany, Austria and Switzerland), Asia-Pacific, Africa and the Middle East, Central and Eastern Europe, Western Europe and Latin America.

This organization by country corresponds to the operating segments grouped into five reportable segments (see Note 31): North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.