Hasta La Creative!

Havas’ organic growth (excluding acquisitions and currency fluctuations) reached 2.7% in the second quarter of 2016, down from 3.4% in the first quarter of the year. Revenues for April through June were $645 million, up from $562 million in the first quarter.

In North America, organic growth was 0.3% in the second quarter, slowing from 1.2% in the first. Revenues, however, were up to $218 million from $208 million, boosted in part by the acquisition of Montreal digital agency TP1. In a statement, Havas blamed the U.S. slowdown on the comparison with strong growth for the same period last period last year, and said that recent new business wins such as Tracfone, Wallapop, Pfizer and Sears should improve numbers for the second half.

While Havas said North American growth slowed, the comapny rated peformance in Europe and Latin America as “satisfactory” and Asia as “excellent.” Organice growth rates for Europe and Latin Americaa were 3.4% and 2.6% respectively, but both slowed from 4.1% and 11.4% in the first quarter. Asia Pacific and Africa, however, picked up in the second quarter, with organic growth of 8.9% compared to 4.3% in the first.

Continue reading at AdAge.com