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Havas Reports 5.6 Percent Organic Growth for the First Half of 2011

Havas reported €765 million (about $1.1 billion according to today’s conversion rate) in revenue for the first half of 2011, a five percent increase over 2010. Organic growth for the first half was 5.6 percent, showing a marked improvement from 2009 (organic growth was -9.2 percent) and 2010 (organic growth was 1.8 percent).

Euro RSCG Worldwide and Abernathy MacGregor Group are two of Havas’ businesses.

Net income for the company was also up 6.9 percent (to €53 million or about $76.5 million) with income from operations margin up 12.4 percent (to €95 million or nearly $137.1 million).

Euro RSCG Worldwide remains a key revenue generator for the company. For the first half, Havas Worldwide was responsible for 69 percent of revenue with 59 percent of that coming from Euro RSCG. By region, Europe (and particularly France) was on top, followed by North America. Asia and Latin America jumped in revenue results for the same period, going from €87 million in 2010 to €107 million this year.

New business for Havas Worldwide this year so far includes PepsiCo, Citi, ING, and Dove. For more on Havas’ results, click here.

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