Publicis Groupe SA said Thursday that revenue for the fourth quarter of 2019 rose due to contributions from acquisitions and disposals, and confirmed its 2020 outlook.
The French advertising company PUB, +0.15% said revenue for the fourth quarter rose to 2.87 billion euros ($3.16 billion) from EUR2.5 billion in the fourth quarter a year earlier, while revenue for 2019 also rose to EUR9.8 billion from EUR8.97 billion in 2018.
The disposals of PHS and Proximedia offset acquisitions such as those for Xebia, Soft Computing and Rauxa, which contributed to net revenue in 2019, Publicis said.
The company reported full-year net profit of EUR841 million, down from EUR919 million in 2018.
Publicis reiterated its outlook for 2020, expecting organic growth between negative 2% and positive 1% and an operating margin rate at about 17%.
“In 2020 our priority is to deliver our organic growth recovery plan by progressively returning to growth in our traditional activities,” said Chief Executive Arthur Sadoun.