Havas grows revenue, Australia key in APAC

James McGrath
By James McGrath | 6 May 2015
Havas Worldwide CEO Yannick Bollore

Havas has recorded organic growth of 7.1%, saying its 10.1% growth in the Asia Pacific region was fuelled by its Australian businesses along with the Chinese market.

The French company told its investors overnight that it had booked €469 million ($A660.4 million) in revenue for the first quarter, up a whopping 20.6% on the previous corresponding period.

The majority of its revenue was booked in Europe and North America, which grew by 4.4% and 10.2% in organic growth respectively.

Havas CEO Yannick Bollore told investors that falling oil prices was part of the reason why it was seeing growth in those key markets.

"Havas is reaping the benefits of a strong internal dynamic coupled with favorable external circumstances,” Bollore said.

“Falling oil prices and a weaker euro are undoubtedly stimulating growth.”

It pointed to the addition of creative agency Host to the Lion roster, with a focus on the Toohey's Brewery account, as a key highlight for the quarter in the Asia Pacific region.

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