Publicis Group Sa S/Adr (PUBGY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. This is the conference operator. Welcome and thank you for joining the Publicis Group first half 2026 earnings conference call. After the presentation, there will be an opportunity to ask questions by pressing star and one at any time. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero. At this time, I would like to turn the conference over to Mr. Arthur Sadoun, Chairman and CEO of Publicis Group. Please go ahead, sir. Thank you, Judith. Bonjour and welcome to Publicis Group first half 2026 earning call. I am Arthur Sadoun and I'm here in Paris with our CFO, Loris Nold. Jean-Michel Bonamy is also here and will be available to take all of your questions offline after this call. I will start this presentation by sharing the main highlights of our Q2 and H1 performance, showing an acceleration on all fronts. Loris will then walk you through the full details of our members. And I will come back with our outlook and the reason for our confidence in raising our guidance and sustaining our strong momentum in H2 and beyond. As usual, we will take all of your questions together after the presentation. But before we start, please take the time to read the disclaimer, which is an important legal matter. Let's dive into the presentation with actually four key highlights. In a nutshell, in the first half of the year, we have been accelerating on all fronts. First, on net organic growth with Q2 at plus 4.8% despite a tougher comparable and a still challenging microenvironment. Second, on new business with a very strong first part of the year, which allow us to raise our guidance. Third, on our financial KPIs, starting with our headline margin increasing to 17.5% while investing further on our talent in AI a...