Havas Revenue Down One Per Cent In 2019

Havas Revenue Down One Per Cent In 2019

Havas is the latest holding company to report its full-year results with the Paris-based agency group reporting revenues grew 2.6 per cent in 2019 to approximately $US2.6 billion ($A3.8 million), pre-tax earnings were $US244 million ($363 million) up 4.5 per cent (inclusive of restructuring charges).

Parent company Vivendi reported organic revenue, which strips out the impact of foreign exchange rates and mergers and acquisitions activity was down one per cent for the year.

Last Friday, Dentsu Aegis Network announced a $A1.1 billion (1.9 per cent) loss in its full-year results, while Publicis posted a 2.3 per cent decline in organic growth and net revenue. Omnicom (3.3 per cent) and Interpublic (2.8 per cent) reported gains while WPP is due to unveil its results later this month.

Vivendi said on its earnings call that it was “satisfied” with Havas’ performance, particularly compared with its “European peers”.

The report noted: “Strong cost control” and “very good cash generation” mean “we are confident for the future at Havas.”

Havas reported the strongest performing parts of the group were its healthcare communications business and creative agencies including BETC, Rosapark and Edge.

The annual report noted that “the general network moved purposefully ahead with its transformation in order to adapt itself to evolving client needs”.

It follows on from Havas’ acquisition late last year of famed Parisian agency Buzzman, Langoor and Shobiz in India, and the UK’s Gate One.




Please login with linkedin to comment

Havas

Latest News

Sydney Comedy Festival: Taking The City & Social Media By Storm
  • Media

Sydney Comedy Festival: Taking The City & Social Media By Storm

Sydney Comedy Festival 2024 is live and ready to rumble, showing the best of international and homegrown talent at a host of venues around town. As usual, it’s hot on the heels of its big sister, the giant that is the Melbourne International Comedy Festival, picking up some acts as they continue on their own […]

Global Marketers Descend For AANA’s RESET For Growth
  • Advertising

Global Marketers Descend For AANA’s RESET For Growth

The Australian Association of National Advertisers (AANA) has announced the final epic lineup of local and global marketing powerhouses for RESET for Growth 2024. Lead image: Josh Faulks, chief executive officer, AANA  Back in 2000, a woman with no business experience opened her first juice bar in Adelaide. The idea was brilliantly simple: make healthy […]