Havas earnings were reported today, with the holding company announcing €361 million (about $528.6 million by today’s conversion rate) in revenue for Q1 2011, a gross increase of 9.7 percent year-over-year from €329 million. Organic growth was up 6.8 percent versus just 1.5 percent for the same period in 2010.
Europe led all regions with €190 million (about $278.3 million) in revenue (France topped the region with €75 million , or $109.8 million) followed by North America with €125 million in revenue (about $183 million). Havas firms include Abernathy McGregor Group, Cake, and Euro RSCG Worldwide.
The agency also reported €384 million in net new business ($562.9 million). Among the wins were the international Dell and Pfizer accounts and Sonic in the U.S.
“The Group achieved good growth in the first quarter of 2011, thanks in particular to the American market but also to solid recovery in Europe. Emerging countries, particularly LATAM [Latin America], are continuing to make the fastest progress,” Havas CEO David Jones said in a statement.
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