Havas Revenue Increases 2.7% in First Half


Havas revenue increased 2.7% to $1.14 billion for the first half of 2014, compared with the first half of last year, boosted by a 7.9% increase in the second quarter, the agency holding company said today. Organic growth, excluding the effects of events such as acquisitions, was 5.7% in the first six months of the year, compared to just 0.5% growth in the same period in 2013.

Net new business in the first half was $1.7 billion, and income from core operations was $151.1 million, up 4.5% from the half a year earlier. The company said its income from operations margin was 13.2%, roughly unchanged from 13.1% in the first half of 2013.

Operating income was $139.3 million in the half, up 3.9%, the company said.

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