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Havas Reports Net New Business Up 46 Percent in 2010

Havas announced its 2010 earnings yesterday, reporting a 46 percent increase in net new business over 2009, bringing the total to  €1.9 billion (about $2.64 billion, based on today’s conversion rates). Among the wins were Revlon PR business for Euro RSCG Corporate Communications Middle East and the redesign of FNAC‘s global brand identity by BETC Design. Havas PR firms include Euro RSCG Worldwide PR and Abernathy MacGregor Group.

The company singled out accomplishments in the digital space, with digital accounting for 19 percent of the group’s revenue and key digital wins including Heineken in the U.S. and Unilever, which appointed Euro RSCG 4D as its global digital agency.

Revenue for the year totaled about €1.56 billion (about $2.17 billion) up 8.1 percent from the previous year. Organic growth was also up 3.5 percent; in 2009 it was down more than seven percent. Net income for the group was up 20 percent to €110 million (about $152.91 million) and income from operations was up 12 percent to €202 million (about $280.83 million).

Havas also includes a number of charts in its earnings presentation meant to illustrate how the company has managed to outpace its competitors in profitability/revenue ratio and net income group share/revenue ratio between 2008 and 2010.

Update: Also, the head of Havas advertising, Fernando Rodes, has resigned to pursue “personal aspirations” Reuters reports and the head of communications strategy, David Jones, will replace him.

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