Havas posts increased H1 profitability

SURESNES, FRANCE: Global holding company Havas today reported an increase in profitability and the company’s highest organic growth in six years as part of its first-half 2007 results. The company reported earnings per share up 60%, and group revenue up 1.3% to EUR729 (US $1,027.8 ) million, compared to first half 2006. Net income was EUR35 (US $49.4) million for first half 2007, a 70.6% increase compared to first half 2006. At 4.4%, Havas’ organic growth in first half 2007 was at its highest level since first half 2001. The most significant growth occurred in Q2, and all of the company’s main businesses contributed, particularly media consulting and healthcare communications under the Euro RSCG moniker. According to Havas, performance was dynamic across all regions. New business was also at a five-year high, and the company’s multimedia business continues to progress. These interim results were “satisfactory” and “in line with expectations,” said Havas CEO Fernando Rodés Vilà, in a statement. “Continuing our focus on winning new business, rationalization, and cost control is the key to the Group's long-term, profitable growth."

SURESNES, FRANCE: Global holding company Havas today reported an increase in profitability and the company’s highest organic growth in six years as part of its first-half 2007 results. The company reported earnings per share up 60%, and group revenue up 1.3% to EUR729 (US $1,027.8 ) million, compared to first half 2006. Net income was EUR35 (US $49.4) million for first half 2007, a 70.6% increase compared to first half 2006. At 4.4%, Havas’ organic growth in first half 2007 was at its highest level since first half 2001. The most significant growth occurred in Q2, and all of the company’s main businesses contributed, particularly media consulting and healthcare communications under the Euro RSCG moniker. According to Havas, performance was dynamic across all regions. New business was also at a five-year high, and the company’s multimedia business continues to progress. These interim results were “satisfactory” and “in line with expectations,” said Havas CEO Fernando Rodés Vilà, in a statement. “Continuing our focus on winning new business, rationalization, and cost control is the key to the Group's long-term, profitable growth."

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