Publicis Groupe (PUB) AGM 2025 summary

Opening remarks and agenda

• Chairman welcomed shareholders, introduced board members, and appointed scrutineers and meeting secretary.

• Meeting streamed live, agenda displayed, and shareholders in both rooms enabled to participate and vote.

• Meeting opened with reports from the Board of Directors, Emeritus President, Lead Director, and Board Committees, followed by a review of 2024 and outlook for 2025.

• Statutory Auditors presented their reports, and a Q&A session was held before voting on resolutions.

Financial performance review

• 2024 net income reached EUR 14 billion, organic growth at 5.8%, and operating margin at 18%.

• Free cash flow before WCR rose to EUR 1.8 billion, up EUR 300 million from 2023.

• Share price outperformed the CAC40 (+23% vs. -2%) and key competitors.

• 2025 Q1 organic growth at +4.9%, with 12 material wins and net new business billings of $2.0bn.

• 2025 guidance confirmed: organic growth +4–5%, operating margin above 18%, free cash flow €1.9–2.0bn.

Board and executive committee updates

• Governance restructured: board now has 13 directors, 45% women, 64% independent, 73% foreign nationals.

• Board reorganized around four specialized committees: Audit & Financial Risks, Nominating, Compensation, and Strategic, Environmental & Social.

• Arthur Sadoun appointed Chairman & CEO, Élisabeth Badinter as Vice-Chair, André Kudelski as Lead Director, and Maurice Lévy as Emeritus Chairman.

• Board met four times in 2024 to review financials, strategy, M&A, and governance.

• Board and Supervisory Board meetings focused on financial results, governance, AI impact, and CSRD implementation.