March 27, 2020 / 6:37 AM / 9 days ago

Advertising group Publicis drops its financial guidance

PARIS, March 27 (Reuters) - Publicis, the world’s third-biggest advertising company, said on Friday that it was no longer giving any financial guidance over its results, due to the uncertainty and impact on its business caused by the coronavirus crisis.

“As industry peers and other media companies have already communicated, it is difficult to accurately predict the evolution of advertising and marketing spend. Publicis Groupe has therefore decided not to give any guidance until further notice,” the company said in a statement.

Reporting by Sudip Kar-Gupta Editing by Shri Navaratnam

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