Q1 2017 revenue
Q1 2017 revenue €M519 vs €M506 for Q1 2016
Reported growth: +2.6%
Organic growth: +0.1%
Yannick Bolloré, Havas Chairman and CEO, said: "Havas posted reported growth of +2.6% and organic growth of +0.1% for the first quarter of 2017. Our main regions performed satisfactorily, with the exception of certain countries in Europe and Asia Pacific that saw a slight reduction in business, largely as a result of reduced spending by certain clients. We remain confident in Group performance over the quarters ahead, thanks to a number of factors: we are working on a strategic agreement with GIMC, China’s leading advertising group, which will significantly strengthen our service offering in this key market and ultimately improve our performance in APAC. The commercial drive of our teams all over the world has already been reflected in major new client wins. And the reorganization initiated at the beginning of this year is also helping us to better respond to clients’ needs. And our clients, along with our teams all over the world, have welcomed this client-centric model that goes even further in breaking down silos to provide a service that is ever more agile, seamless and integrated.
On the strength of these factors, we confirm our forecast of organic growth of +2% to +3% for fullyear 2017."