- Financial situation at September 30, 2009
At September 30, 2009, net debt is 789 million euro, a 456 million-euro decrease year-on-year.
Average net debt for the first nine months of 2009 is 961 million euro.
At comparable exchange rates, net debt stands 112 million euro lower than at September 30, 2008.
At September 30, 2009, Publicis Groupe has very satisfactory liquidity, with 3.6 billion euro available (3.4 billion excluding uncommitted facilities).
Taking into account the sharp decrease of the advertising market, numbers booked by Publicis Groupe represent a good relative performance. The Groupe's organic growth in the 3rd quarter signals the end of the continuous deterioration that has been observed month after month since the summer of 2008.
Although overall visibility is low and there is still considerable uncertainty about the state of the economy, Publicis Groupe confirms a gradual recovery with, however, a few more negative quarters and a return to growth likely to occur around the middle of 2010. During this upcoming period, Publicis Groupe anticipates a better performance than the market and will maintain its cost reduction actions.
Publicis Groupe's financial position remains very satisfactory, with strong liquidity and an expected decrease of the average net debt.
About Publicis Groupe
Publicis Groupe [Euronext Paris: FR0000130577] is the world's fourth
largest communications group. In addition, it is ranked as the world's second
largest media agency, and is a global leader in digital and healthcare
|SOURCE Publicis Groupe Services|
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