Publicis Groupe S.A. (OTCQX:PUBGY) Bank of America 2025 Media, Communications & Entertainment Conference September 3, 2025 9:40 AM EDT
Company Participants
Arthur Sadoun – Chairman & CEO
Conference Call Participants
Adrien de Saint Hilaire – BofA Securities, Research Division
Presentation
Adrien de Saint Hilaire
VP & Head of Media Research
Right. Okay. Well, good morning, everyone. My name is Adrien de Saint Hilaire. I work at Bank of America. I’ve got the great pleasure of leading our European media research department. And it is my great pleasure to be welcoming Arthur Sadoun.
Arthur Sadoun
Chairman & CEO
The pleasure is mine. Nice to see you guys.
Adrien de Saint Hilaire
VP & Head of Media Research
I think it’s the first time you come to this event. So we’re very, very pleased…
Arthur Sadoun
Chairman & CEO
That’s the first, yes.
Adrien de Saint Hilaire
VP & Head of Media Research
To have you there. We’ve got Arthur for about 40 minutes. And if you don’t mind, maybe, Arthur, we can kick off with some questions of mine, maybe what I suggest…
Arthur Sadoun
Chairman & CEO
As long as we don’t talk about current trading, I am kidding, I am kidding.
Adrien de Saint Hilaire
VP & Head of Media Research
Let’s kick off the current trading questions to start off with, and then we can broaden out maybe to the longer-term discussion if that’s okay with you.
Arthur Sadoun
Chairman & CEO
[ Do ] whatever you want.
Question-and-Answer Session
Adrien de Saint Hilaire
BofA Securities, Research Division
Fantastic. So talking about trading and current business trends. So at your last results, you slightly raised your full year guidance. It still implied that H2 would be a bit slower than H1. I think you said that your guidance would assume that there would be some ad cuts, maybe sometimes later
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