Havas reports 7.9% Q2 revenue growth

North America contributed $190.6 million in revenue in the second quarter and $361.4 million in the first half of the year, up 5.3% organically for the quarter and 4.5% for the six-month period.

Havas CEO Yannick Bollore
Havas CEO Yannick Bollore

PUTEAUX, FRANCE: Havas reported $1.1 billion in first-half revenue on Friday, up 5.7% organically compared with the first six months of last year.

Revenue was up 7.9% in the second quarter to $628.2 million.

North America contributed $190.6 million in revenue in the second quarter and $361.4 million in the first half of the year, up 5.3% organically for the quarter and 4.5% for the six-month period, according to the holding company’s interim report.

The umbrella group, which owns agencies such as Havas Worldwide and Havas Media, does not break out numbers for its PR agency, Havas PR.

Income from operations was up 4.5% year-over-year to $151.2 million, while net income was $81.5 million, an increase of 6.9% compared with the year prior. The company’s operating margin in the first half was 12.2%.

The holding company cited first-half client wins including Biogen, Green Mountain Coffee, and Dish Network. It said Havas Worldwide New York and Havas Worldwide Chicago "performed particularly well."

The holding company achieved $1.7 billion in net new business in the first half.

Havas CEO Yannick Bolloré said he believes "momentum creates momentum," giving him "no reason to believe" the company’s pace will slow down. He added that the holding company competes with the likes of Publicis Groupe as well as with technology companies and consulting firms in various areas, so while it has space in which to grow, he views the landscape with "great optimism."

"If we manage to make our clients understand the value of what we are offering them, we have a lot of upside in front of us," he said.

Organic growth represents change in revenue without taking into account the impact of acquisitions or disposals.

*Note: All currency changes from euros to American dollars were made using the XE Currency Converter.

This story was updated on August 29 with quotes from Havas' earnings call.

Would you like to post a comment?

Please Sign in or register.

News by email...