Publicis FY net profit beats consensus on record opg profitability |
|
|
|
Published
:
Wed, 28 Feb 2007 08:28
|
PARIS (AFX) - Publicis Group SA said net profit for 2006 rose 15 pct to 443 mln eur, from 386 mln eur in 2005 and ahead of consensus estimates thanks to record operating profitability.Operating profit for the full year was 713 mln eur, up 10 pct from 649 mln eur a year earlier, and again exceeding consensus estimates.A consensus of 18 analyst estimates compiled by Thomson Firstcall put Publicis' 2006 net profit at 415.30 mln eur and operating profit at 684 mln eur.The operating margin for 2006 increased by 60 basis points to 16.3 pct, which the group said was a record for the industry, attributing the rise to a reduction in operating expenses.For 2007, Publicis said sales growth in Europe and the US should be comparable to levels recorded in 2006, and expects a further acceleration in emerging markets.The group also reiterated its operating margin target of 16.7 pct for 2008.Based on its 2006 results, Publicis said it will recommend a 39 pct increase in its 2007 dividend to 0.50 eur per share at the annual general meeting on June 4.paris@afxnews.comvb/jfrCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
|
|
|
|
Print this Story
Aerospace and transportation highlights to 09:10 GMT 