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Financial Results Havas

Havas announces 6% organic growth for Q3, with £325m in new business

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By Ishbel Macleod, PR and social media consultant

November 7, 2014 | 1 min read

Havas has posted a six per cent organic growth for the third quarter of 2014, with a 5.8 per cent growth for the first nine months of the year.

The company reported revenue of €447m for Q3 (£349.76m), with €415m (£324.7m) coming from new business.

Yannick Bolloré, Havas chief executive, said of the results: "The Group kept up its strong momentum in the third quarter with organic growth of 6.0 per cent, following on from 5.7 per cent for the first half of the year. Importantly, we continued to deliver robust growth across all our markets.

“These highly satisfactory results, and the growth in net new business, underscore the effectiveness of our “Together” strategy, which we introduced at the start of the year. This strategy is designed to enhance collaboration and integration across the Group so we are even better positioned to serve our clients.”

It was noted that €222m (£173.7m) came from Europe – with €80m (£62m) of this coming from France and €58m (£43.5m) coming from the UK – while the US accounted for €145m (£113.4m) of Q3 revenue.

Financial Results Havas

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