Havas Reports 2012 Profit And Margin Gains
Havas reported Thursday that its net profit for 2012 climbed 5% to roughly $163 million. The company reported earlier that revenues for the year were up 8% to approximately $2.4 billion, while organic growth was 2.1%. That compared to 5.9% organic growth for 2011.
By comparison, Publicis Groupe and WPP both earlier reported full-year 2012 organic growth climbed 2.9%. And Omnicom Group earlier said its full year organic growth was 4%.
Havas said its operating income for the year was up about 11% to approximately $283 million, boosting its operating profit margin to 12.3% in 2012 from 12% in 2011.
Havas CEO David Jones stated that “while European economies remain challenged, we are confident in our ability to continue to deliver strong results and grow shareholder value for the long-term.”