Q3 2017 revenue
Revenue: €525 million
Organic growth: +0.1%
Strong improvement of the Group’s US agencies
Yannick Bolloré, Havas Group CEO, commented: “Havas achieved a slightly improved performance in the third quarter as compared with Q2 2017, with organic growth of +0.1%.
We take particular satisfaction from the recovery in North America, where we are reaping the benefits of our new organization and the unflagging commitment of our teams.
APAC and Africa reported highly encouraging operating performances in a macroeconomic climate rather less favorable than in the recent past.
Europe remained in negative growth over the quarter. There are many factors at work, foremost among them reduced spending by most of our clients or a change of management in certain countries, such as in our UK media agency.
Nonetheless, despite an ever more challenging sector environment, we remain positive over the mid-term because we believe firmly in the positive effects of our strategy and in our client-centric organization. We will be forging ahead with our strategy to make our structures and the organization of our Villages even more fluid.
We are also delighted to have joined the Vivendi Group to work together on creating a world leader in content, communication and distribution.”
Press release 11/16/2017