The World: Paris - Havas announces 5.8 per cent growth to EUR1.12bn

Havas, the French holding company that owns the creative group Euro RSCG and media agency MPG, has reported that growth over the first nine months of the year has increased by 5.8 per cent to EUR1.12 billion.

The group also maintained that it is on target to hit its forecast operating margin of between 11 and 12 per cent.

However, the group's organic growth in the third quarter has dropped to 1.5 per cent, compared with 9.3 per cent for the same period last year.

The group attributed the fall in organic growth down to the loss of the Dell account in Asia-Pacific and the tough North American market.