Havas Group posted a 11.3% lift in organic revenue to €591 million in the March quarter.
Net revenue was €564 million, up by 18% compared to the first quarter of 2021.
The result was in line with two other global advertising groups -- Publicis Groupe and Omnicom -- reporting March quarter results.
Publicis posted organic growth of 10.5%, above market analysts' expectations of 5.6%.
Omnicom reported organic growth of 11.9% with a “strong” performance across all disciplines and geographies continuing the lift from the negative effects of the pandemic.
Vivendi, Havas’ owner: “This excellent operating performance stems from the strong commercial momentum achieved in recent quarters, boosted by the launch of innovative new offerings (notably Havas CX and Havas Market).
“All the geographical regions reported strong organic growths, with positive contributions from all divisions: creative, media and healthcare communication.”
Europe, with organic revenue up 12.4%, and North America 9%, were the biggest contributors. Asia-Pacific was up 9.3% and Latin America 22.3%.
Havas accelerated its acquisition of majority interests with five targeted operations: Tinkle (Spain and Portugal), Inviqa (UK and Germany), Search Laboratory (UK and US), Frontier Australia and Front Networks (China).
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