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 commentHavas
Head of the Hit Network, Gemma Fordham, has announced the appointment of radio content legend Kim Czosnek as content director for Hit90.9 Gold Coast. Czosnek begins in her new role on 12 August, and she replaces Ali Longhurst. Czosnek is well known as a long-standing radio executive producer, having worked with many high profile shows […]
Acoustic, an open and independent marketing cloud and analytics provider, has announced the expansion of offices in Sydney and Melbourne as well as the launch of an Australian, cloud-based data centre. The move is part of its commitment to prioritise tens of millions of dollars over the next two years to accelerate its growth strategy […]
Agency, BMF has appointed Lucy Kough, aiming to strengthen creative leadership by the hire. With more than 20 years of experience, Kough has worked in roles across direct, brand, media, digital, experiential, regional, CRM in creative agencies including Ensemble Australia, Enigma Agency and Archibald/Williams. Kough has delivered work across a diverse range of brands such […]
This month Vevo is celebrating 40 years of music videos – a medium that has become a cultural touchstone for anyone with ears and eyes. MTV premiered exactly forty years ago this month and changed music forever, offering a visual music medium and music lovers and advertisers have never looked back. To celebrate such a […]
Nova’s Live & Unrestricted, hosted by Tim Blackwell and Kate Ritchie, will aim to provide listeners with an escape from restrictions, dropping every Saturday morning in August on the Nova Network. Following the overwhelming response to Nova’s Kate, Tim & Joel Live in Lockdown, a one-off special to keep up the spirits of listeners locked down in […]
Every city has a suburb forever laden with the epithet “where the IKEA is”. For Sydney-siders, it’s Tempe (“you know, where the IKEA is”) and in Majorca, Spain, it’s Poligno de Son Malferit (“where the IKEA is”). Granted, it still sounds much more exotic than ‘Tempe’. So, when a branch of KFC opened up in […]
TripleLift has today announced an expansion in their Asia Pacific (APAC) operations, with Henry Shelley [featured image] appointed as Managing Director, based in Singapore. Fueling TripleLift‘s expansion in APAC is its success in Australia, where the company works with 70 per cent of the top 50 comScore publishers. “As the home to several of the worlds’ […]
Rob Highett-Smith joins Fiftyfive5 in the newly created role of head of performance measurement. Performance measurement represents one of the three core offer areas at Fiftyfive5 with tracking programs running across 40 countries; representing our fastest growing capability pillar. Rob joins to lead this capability, which encompasses brand and comms tracking, multi market monitoring, CX and customer satisfaction, as well as other longitudinal programmatic work.
Podium has continued its international expansion today announcing its launch in Australia. Podium serves more than 90,000 local businesses in the United States, Canada and Australia, and has seen its customer base in Australia almost quadruple to over 3,000 local businesses since the start of the pandemic. Through its SMS-based platform, Podium helps local businesses receive […]
Commercial DAB+ hip hop and RnB station, THE EDGE has appointed Emily Copeland, to the newly created role of General Manager. Copeland brings an awesome mix of skills and experience to THE EDGE, including cross-platform media content experience, partnerships and events (including music festivals – remember those?). Copeland also has a stack of achievements to […]