Havas unveils 8.4% increase in first half revenues

Havas, the world's sixth-largest advertising group, has reported first half revenue of €829m (£657m), up 8.4% year on year.

David Jones: Havas global chief executive
David Jones: Havas global chief executive
Organic growth for the French company behind Euro RSCG and MPG slowed from 3.5% in the first quarter to 2.1% in the second quarter, echoing the experience of its larger rivals Publicis Groupe and WPP.

Pre-tax profits came in at €79m, up 11.3% from €71m in the first half of 2011.

David Jones, chief executive of Havas, said: "All our regions continued to deliver growth in the first half led by Asia, Latin America, digital, media and healthcare."

The UK registered organic first half revenue growth of 1.1%, Europe overall registered 1.5% and North America 2%. Asia Pacific and Africa were faster on 10.5% and Latin America was on 8%.

Havas has given Yannick Bolloré, the son of chairman and major shareholder Vincent Bolloré, a more senior role, on the recommendation of Jones.

Previously a vice-president at Havas, Yannick Bolloré is now directeur général délégué, the same title as Hervé Philippe.
Topics

Subscribe to Campaign from just £57 per quarter

Includes the weekly magazine and quarterly Campaign IQ, plus unrestricted online access.

SUBSCRIBE

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now
Why Cosabella replaced its agency with AI and will never go back to humans
Shares0
Share

1 Why Cosabella replaced its agency with AI and will never go back to humans

In October, lingerie retailer Cosabella replaced its digital agency with an AI platform named "Albert". Since then it has more than tripled its ROI and increased its customer base by 30%.

Just published

More