Havas, Publicis Announce First Half Results
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Havas, Publicis Announce First Half Results

Communications holding company Havas—parent to the Euro RSCG public relations firms as well as to financial communications specialists Abernathy MacGregor and Maitland—has reported first-half organic revenue growth of 4.4 percent.

Paul Holmes

PARIS—Communications holding company Havas—parent to the Euro RSCG public relations firms as well as to financial communications specialists Abernathy MacGregor and Maitland—has reported first-half organic revenue growth of 4.4 percent, ending the second quarter with revenues of around $1 billion, a 1.3 percent increase compared to the same period last year, and signaling what management hopes is that start of a recovery driven by strong new business performance.

After a flat first quarter, the French company reported a second quarter increase of 5.4 percent—the first time in six years quarterly growth has exceeded 5 percent..

Havas outperformed French rival Publicis Groupe—parent to public relations firms Manning Selvage & Lee and Publicis Consultants—which suffered from account losses and poor performance in the healthcare sector and saw revenue for the first half of 2007 of about $3.1 billion, an increase of 1.5 percent in organic terms. Net income for the first half was basically flat at $270 million compared to the first six months of 2006.

Neither group reports separately on the performance of its public relations holdings.

 

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