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Adweek

Havas Reports Flat Q1 Revenue

May 2, 2013

Reflecting a slowing of business in North America, Havas reported flat first-quarter revenue of $504 million. Organic growth declined 0.9 percent compared to an increase of 3.5 percent in the year-earlier quarter.

The company said results were broadly in line with internal expectations.

“The group held up well against the sharp downturn in the European market overall in the first quarter of 2013, achieving positive performances in the key markets of France and the UK,” Havas CEO David Jones said. “Business in North America slowed after outperforming the market in Q4 2012, but emerging markets remain solid. Digital, media, advertising and healthca

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