Havas ‘excels’ with solid revenue growth

Chris Pash
By Chris Pash | 28 July 2023
 
Credit: Fonsi Fernandez via Unsplash

Havas posted a "solid" 6.3% lift in organic growth to €677 million in the June quarter driven by its health communication and media divisions.

Arnaud de Puyfontaine, CEO of owner Vivendi, said Havas “excelled” in the three months.

Havas reported what it described as "solid" growth in all regions: +3.4% in Europe, +5.5% in North America, +7.6% in Asia-Pacific, +30.4% in Latin America.

The result was at the upper end of its peers in the global advertising sector for the June quarter.

Omnicom reported organic revenue growing 3.4% and Publicis Groupe 7.1%. IPG posted a 1.7% drop.

Havas said its result was  "driven by the strong commercial momentum across the Health&You (health communication) and Media divisions, despite a tough comparison basis of 11.5% in the second quarter of 2022". 

 

The company accelerated the deployment of business solutions with the launch of Havas Play in 14 countries, the international deployment of its consumer behavior specialist business CSA and the global content production network Prose on Pixels.

Havas is continuing its pace of acquisitions, acquiring four new agencies since the start of 2023.

The group has been strengthening digital expertise and geographical positions, in Canada with Noise, Germany with HRZN and India with Pivot Roots. Havas also entered into a strategic partnership with Trinity Life Sciences.

Havas this month announced the acquisition of a majority interest in Uncommon, the UK’s most awarded independent creative studio.

In the first half of 2023, revenue was up 4.9% to €1.318 billion.

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