Havas profit up 2.6% to €199m

Havas made pre-tax profits of €199 million (£166.1 million) for 2013, up 2.6 per cent year on year.

Yannick Bolloré: the chief executive of Havas
Yannick Bolloré: the chief executive of Havas

According to the group’s 2013 results, the parent group of Havas Worldwide and Havas Media generated total revenue of €1.77 billion (£1.48 million) in 2013, down 1.1 per cent year on year, which was largely due to the negative impact of exchange rates.

On an organic basis Havas’ revenue increased by one per cent, which is slower than its rivals. WPP reported like-for-like growth of 3.5 per cent and Publicis Groupe’s revenue grew by 2.6 per cent on an organic basis.

WPP's pre-tax profits climbed by 19 per cent in 2013, while Publicis Groupe's pre-tax income increased by 9 per cent.

Yannick Bolloré, the chief executive of Havas, said: "2013 was a positive year for Havas overall. Group profitability continued to progress, with an increase of 20 basis points in income from operations margin. Our agencies in Europe, Asia-Pacific and LATAM also delivered solid growth.

"Havas has one of the soundest financial structures in the industry and a stable shareholder base. Our transparent and agile organization places technological innovation at the heart of all our creative and media businesses.

"These structural advantages, coupled with our talents, give us the agility to adapt swiftly to the constant changes taking place in our sector and respond ever more effectively to our clients' needs. We look to 2014 with serenity and enthusiasm."

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

Football stars Ronaldo and Neymar in PokerStars Facebook campaign

Football stars Ronaldo and Neymar in PokerStars Facebook campaign

PokerStars, the online gambling site owned by Rational Group, has launched a Facebook campaign starring Cristiano Ronaldo and Neymar Jr.

Share
Somethin' Else raids Zenith for client role

Somethin' Else raids Zenith for client role

Somethin' Else, the content agency, has appointed the ZenithOptimedia client partner Hannah Lury in the new role of client services director.

Share
How news habits are formed, and why they continue to prosper

How news habits are formed, and why they continue to prosper

Marie Oldham, formerly of Havas and now Fresheyes Consultancy, discusses human behaviour and how Newsworks' Generation News research offers rich findings for any media planner.

Share

Get news by email