Feb 13

Havas Reports Organic Revenue Growth of 1% in 2013

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Havas reported organic revenue growth of just 1% for 2013 and revenues of $2.4 billion, with digital accounting for 26% of the total. Fourth quarter growth was 1.6%.

The French group, which last month promoted Yannick Bollor, son of its biggest shareholder Vincent Bollor, to CEO after the departure of David Jones to start a new tech business, is growing at a slower rate than competitors Publicis Groupe and Omnicom.

Havas’ revenue was down by -1.7% in North America to $768 million, which the company blamed on account losses at Arnold and a “softening” of the healthcare business. The fourth quarter was slightly better, with, with North American revenue down just 1.2%.

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