Havas reports 14.8% growth in UK as Q2 group revenue reaches €478m
Havas has reported group revenue of €867m (£685m) for the first half of 2014, up 2.7 per cent, with Europe accounting for €457m (£361m).
The H1 and Q2 figures for Havas found that Europe grew by eight per cent in Q2, driven mainly by the UK, which posted 14.8 per cent Q2 growth for the quarter, while Q2 revenue as a whole reached €478m (£377.6m).
Net new business for H1 2014 was €1,281m (£1,012m), with Iglo (Birds Eye), Grupo Paode Açucar and Emirates Group being the three biggest account wins.
Yannick Bolloré, Havas chief executive stated: “Havas delivered very satisfactory first half organic growth of 5.7 per cent. All our regions reported growth and certain areas, including the UK, Asia Pacific and Africa, showed double figure growth. Profitability continued to improve and our margin reached 13.2 per cent for the H1.
“New business remained strong with the win of important new clients such as Disney, Barclays, Emirates and PayPal. We strengthened the presence of Arena, our second largest media network, in France and North Africa. The successful implementation of our strategic plan, announced in January, is already paying off and allows us to look to the 2nd half of the year with confidence and serenity.”
North America reported a 4.5 per cent growth for H1, while Asia Pacific saw a 11.5 per cent increase.
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Havas SA is a French multinational advertising and public relations company, headquartered in Paris, France. Havas operates in more than 100 countries.
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