Havas growth soars in 2007

Havas, the French group that owns Maitland, Euro RSCG Biss Lancaster, and Euro RSCG Apex Communications, has posted a 39 per cent per cent rise in operating income over 2007.

Paris: Havas headquarters
Paris: Havas headquarters

The figures, in line with expectations, gave an operating margin of 11 per cent, against 8.2 per cent in 2006.

Paris-based Havas said it had found success in cross-selling across its various disciplines, including PR. The results showed the Group's corporate function, under which Biss Lancaster and Maitland would fall, grew 4.4 per cent overall.

Overall, Havas showed showed a rise in net income of 81 per cent to £63.3m for 2007, compared with £35.1 in 2006.

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