Havas posts 4.5% revenue lift in September quarter

Chris Pash
By Chris Pash | 20 October 2023
Credit: Blake Cheek via Unsplash

Global advertising group Havas reported "very satisfactory" organic growth of 4.5% with net revenue of €654 million for the September quarter of 2023.

Parent company Vivendi says Havas's business remained "dynamic" and supported by growth in all its divisions.

Acquisitions contributed +2.3%, and currency effects had a negative impact of -4.7%. 

The latest result is within the range reported by global peers so far.

Omnicom earlier this week posted "strong" organic revenue growth of 3.3% in the September quarter. Last week Publicis reported organic growth up 5.3%. 

In the three months to September, all geographical regions delivered strong organic performances for Havas, with growth of 1.5% in Europe, 3% in North America and 2.% in Asia-Pacific.

Latin America continued its strong growth trajectory, accelerating to 51.1% compared to the third quarter of 2022, after recording growth of 27.3% in the first quarter of 2023 and 30.4% in the second quarter of 2023.  

For the first nine months of 2023, Havas's revenue was €2.004 billion, up 4.3% compared to the same period in 2022.

Net revenue was €1.919 billion, up 4%.

Havas September quarter 2023:

havas sept quarter 2023 from presentation

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