Four Things to Expect From Maurice Levy's Last Earnings Call on Thursday
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After 30 years as chairman and CEO of Publicis Groupe, Maurice Lvy will announce his last set of earnings on Thursday at the French holding company’s presentation of first-quarter 2017 results in Paris. Here’s what to expect:
1. It’s Lvy’s swan song, and it may be a long one. The voluble Frenchman, who hands over to successor Arthur Sadoun at the annual general meeting in Paris on May 31, is well-known for his lengthy exchanges with analysts. Earnings calls routinely go on for a couple of hours.
2. Don’t expect great numbers. With fairly weak results predicted, he may not be going out on a business high. At least the numbers won’t come as a surprise: Lvy warned in February that the first quarter of this year would not offer much improvement on the fourth quarter of 2016, when revenues were down 2.5%.
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