Havas Narrows Organic Revenue Decline In Q3

Havas Group reported a 14.5% drop in revenue to €484 million ($574 million) in the third quarter. 

Organic net revenue (which strips out currency and M&A impact) was down 10.4%, which was an improvement versus the 18.3% decline the Vivendi-owned group reported in Q2. 

The firm said all regions improved in the third quarter compared to the second. “The North American agencies continued to hold up well, thanks to a resilient market and growth in health and wellness communications,” the firm stated. 

For the first nine months of the year company revenues were down 10.6% to €1.5 billion ($1.78 billion). The organic revenue decline for the period was 10.9%.




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