Global advertising group Havas declared a "very strong recovery" with net revenue growing organically by 17.8% in the September quarter.
"Havas Group’s business activities continued to experience a very strong recovery compared to the same period in 2020, outpacing the second quarter of 2021," said Havas parent company Vivendi.
For the first nine months of 2021, Havas revenues were €1,638 million, representing an organic growth of 11.6% compared to the same period in 2020.
Havas’s net revenues were €1,568 million, up 8.2% compared to the first nine months of 2020.
The company said:
"All the geographical regions recorded excellent organic performances for the third quarter of 2021, with positive contributions from all divisions: Creative, Media and Health & You. Europe and North America were the biggest contributors, each posting double-digit organic growth (+18.4% and +15.5%, respectively). Asia-Pacific and Africa (+12.3%) and Latin America (+41.1%), also reported satisfactory performances.
"Havas Group pursued its targeted acquisitions policy by acquiring majority stakes in Agence Verte (a France-based agency specialising in CSR communications) and Nohup (a leading Italian digital transformation agency).
"Havas Group is approaching the end of 2021 with confidence, thanks to a sustained level of business activity, with many new business wins, including Unilever (Media division, for France and Spain), SNCF (Creative) and a significant additional budget in Health communications."
Numbers for the nine months to September:
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