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Posts Tagged ‘David Jones’

Havas Reports ‘Robust’ Q1 New Business Figures, Struggles in Europe

Havas, home to firms including Abernathy McGregor GroupCake, and Euro RSCG Worldwide, reported 3.5 percent organic growth for Q1 2012 with revenue totaling €387 million (about $511 million by today’s conversion rates). That’s a year-over-year increase from €361 million in revenue.

The company called its new business results “robust” with that figure totaling €605 million (about $799 million) for the quarter. That far exceeds the new business number from 2011 – €384 million.

Even with the positive numbers, the results fall short of the competition. Havas’ European figures were sluggish with organic growth actually going negative in the U.K. and the rest of Europe, with the exception of France, its home turf.

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Havas: Digital Drove 2011 Revenue Increase, 5.9 Percent Organic Growth

Havas announced its 2011 earnings yesterday, with revenue totaling about €1.65 billion ($2.17 billion according to today’s conversion rate). That’s a 5.6 percent increase from the previous year total of €1.56 billion. Organic growth was at 5.9 percent for the year, and income from operations was €220 million ($290.6 million). That’s a jump from €204 million in operating income in 2010.

Revenue from digital and social media work was up 23 percent for the year. Among the 2011 digital and social media wins were Panasonic and The Economist for Havas Digital USA and Mexico Tourism for Havas Digital Global.

The earnings announcement also highlighted 16 percent revenue gains in the emerging markets of Latin America and Asia-Pacific.

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Havas Reports 7.3 Percent Organic Growth, a Three-Year Best

France’s Havas Group reported €387 million ($548.1 million by today’s conversion rate) in revenue for Q3, up from €368 million for the same period in 2010.  Organic growth was 7.3 percent and net new business was €351 million (about $497.2 million). The FT noted a drop in France, which was impacted by issues in healthcare and events.

Havas firms include Euro RSCG Worldwide and Abernathy MacGregor Group.

“For the first nine months of the year, all our regions grew led by Latin America and Asia with strong growth in North America,” said CEO David Jones in a statement. In Jones’ statement, he also called the organic growth figure “our best organic growth performance in three years.”

For the first nine months of the year, revenue was about €1.1 billion (about $1.55 billion) with organic growth of 6.1 percent.

New business wins included seven Unilever brands around the world and Bristol Meyers Squibb. For more info about Havas earnings, click here.

Havas Reports A Jump in Organic Growth for Q1

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.

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Havas Revenue Up with Increased Ad Demand, and New Business

French advertising group Havas (Euronext Paris: HAV.PA) reported a 5.3% increase in revenue today, driven by pent up demand in ad sales industry wide.  Growth was strong in North America, due to conversion of new business landed in previous quarters and by a good showing by Euro RSCG New York, and EuroRSCG PR.

The modest “organic” revenue number (excludes revenue from acquisitions) is consistent with CEO David Jonescomments to Dow Jones last month.  Despite the somewhat tepid rebound, Jones plans to forge ahead with M&A, targeting digital, healthcare, and firms in emerging markets.

The PDF of the full Havas press release distributed from Paris is here.  Havas, which includes the EuroRSCG firms, and Abernathy McGreggor in the U.S., is the 6th largest ad group worldwide.

Havas Chief Talks About Uncertainty of U.S. Economy, Growth in Other Regions

Havas Worldwide chief executive David Jones told Dow Jones Newswires that while uncertainty about the U.S. economy exists, he doesn’t expect a double-dip recession.

“I think there is more uncertainty than optimism out there now,” he told reporter Ruth Bender.

Still, he says he’s seeing growth in Latin America and Asia, and the company is still interested in acquisitions to grow revenue in digital, healthcare, and emerging markets.

“We have the funds and the resources to make acquisitions and we will do and continue to do them. But there hasn’t been a major step change in the business where we are going from a year of battening down the hatches to a buying frenzy,” he said.

According to the article, Havas chairman Vincent Bollore has talked about the need for acquisitions in order to generate growth, and has made 1.5 million Euros available for acquisitions.