Havas Group reported a 21.3% lift in net revenue to €642 million ($A936 million) in the June quarter,
Organic growth was 11.5% compared to a strong 15.8% quarter the year before.
The global advertising group’s parent, Vivendi, described the performance as “strong” and attributable to “robust commercial momentum” across creative, media and health & wellness.
For the first half of 2022, Havas Group’s revenues were €1,257 million, up by 19.9% compared to the first half of 2021. Net revenues were €1,206 million, up by 19.8%. Organic growth was 11.5%.
Each region reported strong organic growth for the first half: Europe +11.7%, North America +7.6%, Asia Pacific +10.7%, and a strong recovery in Latin America +47.7%.
Acquisitions made a significant contribution with Havas accelerating its acquisition of majority interests in five targeted businesses: Tinkle (Spain and Portugal), Inviqa (UK and Germany), Search Laboratory (UK and US), Frontier Australia and Front Networks (China).
At the end of June, EBITA was €112 million, an increase of 27.8% despite a significant increase in staff costs.
Frist half 2022 numbers:
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