Havas H1 organic growth up 8.1% in North America

PARIS, FRANCE: Marketing services group Havas grew 8.1% organically in North America in the first half of 2011.

PARIS, FRANCE: Marketing services group Havas grew 8.1% organically in North America in the first half of 2011.

According to H1 financial results released today for the six months ending 30 June, Havas reported overall organic growth of 5.6%, compared to 1.8% in the same period last year.

Revenue in the first half of the year increased to $1.1 billion, compared to $1.05 billion in 2010, a gross increase of 5%.

The global communications group, which owns Euro RSCG Worldwide PR, and Abernathy MacGregor Group, does not break out PR-specific figures.

Net new business was reported at $1.36 billion, with standout H1 account wins including Euro RSCG Worldwide PR's Durex win in April.

All Havas regions reported growth in H1, with North America particularly boosted by its advertising, digital, healthcare communication, and media businesses.

Asia-Pacific and Latin America posted strong organic growth for H1 at 9.2%, and 24.6%, respectively.

In Europe, organic growth increased 1.3% overall. Meanwhile, France saw a 1.7% increase, and in the UK no change was reported.

In March, David Jones was appointed CEO of Havas, replacing Fernando Rod├ęs, who resigned to concentrate on his family and personal life.

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

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