Havas 2010 revenues up 8.1%, CEO resigns

PARIS: Havas, which owns PR agencies Euro RSCG Worldwide PR and Abernathy MacGregor Group, reported $2,167 million in revenue for 2010, a 8.1% increase compared to 2009.

PARIS: Havas, which owns PR agencies Euro RSCG Worldwide PR and Abernathy MacGregor Group, reported $2,167 million in revenue for 2010, a 8.1% increase compared to 2009.

Organic growth for the global communications group grew 3.5% for the full year, and 4.9% for Q4, according to earrings released by Havas today. Net new business for 2010 posted at $2.6 billion, an increase of 46% from 2009-marking the group's strongest performance since 2006. In 2010, Havas' Euro RSCG Corporate Communications Middle East unit added Revlon's PR business.

Havas' digital business continues to grow. Digital's share of the 2010 revenue was at nearly 19%, which was more than double that of 2006.

In North America, Havas pointed to strong performances in the region's digital, advertising, healthcare communication, and media sectors. Europe remained strong across all businesses, and China was the top performer in the Asia Pacific. In addition, Latin America posted double-digit growth year-over-year with Brazil as a leader in that region.

In addition, Fernando Rodés resigned as CEO of Havas and as a member of the board of directors to concentrate more on his family and personal life. He will continue to be associated with the group's development in the Iberian area and Latin America. Rodés had led Havas for more than five years. David Jones, global CEO of Havas Worldwide, was appointed as the new CEO. Also, Alfonso Rodés was named deputy CEO and will continue to serve as CEO of Havas Media. Yannick Bolloré and Stéphane Fouks were named VPs.

Last year, Havas acquired Porda International Finance PR in Hong Kong, Project House in Turkey, Acmic Interactive in India, and Congruent Media in the US.

*All figures were converted to US dollars from euros using the XE currency converter.

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