The World: Paris - Havas' revenue reaches EUR755m for first half of 2008

Havas has reported record organic growth of 8 per cent in its results for the first half of 2008, thanks to a strong performance in Southern Europe and North America.

Havas' revenue has risen to EUR755 million, a 3.6 per cent increase over the first half of 2007 at current exchange rates.

However, Havas said the increasing strength of the euro had a negative impact on the group, which otherwise would have achieved 10.6 per cent growth at constant exchange rates in the first half of 2008.

Second quarter organic growth reached 8.4 per cent, after 7.4 per cent in quarter one, resulting in first half organic growth of 8 per cent.

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