Publicis Groupe raised its full-year organic growth guidance after second-quarter net revenue grew 4.8%, faster than the first quarter and ahead of many rivals. The French advertising group posted net revenue of €3.77 billion for the quarter, an acceleration from 4.5% growth in the first quarter, lifting first-half organic net revenue growth to 4.7% on €7.23 billion. The U.S. grew 5.5% organically, Europe grew 5%, and the company delivered a record first-half headline margin of 17.5%. Publicis now expects full-year organic net revenue growth of 4.5% to 5%, up from a previous range of 4% to 5%, and free cash flow of around €2.2 billion, while strong new business wins in the first half should add about 200 basis points of growth on a full-year basis.
Publicis Groupe SAraised full-year organic growth guidance after Q2 revenue accelerated 4.8%, with strong new business wins
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