Havas reported organic net revenue growth in the second quarter of 6.3% -- an acceleration from its Q1 growth of 1.9% and on top of strong Q2 2022 growth of 11.5%. 

The company attributed the upswing in part to strong performances by its health and media divisions. 

All regions contributed with North America growing by 5.5% and Europe adding 2.4%. The Asia Pacific region was up 7.6% while Latin America was up 30%. 

The results were released today as part of parent Vivendi’s second-quarter earnings report.  

Havas has turned in one of the stronger Q2 performances among ad-holding groups, along with Publicis Groupe which grew 7.1% organically in the period, matching its Q1 growth. Omnicom reported slower growth in the period while Interpublic reported an organic revenue decline for the second straight quarter. WPP reports early next month.  S4 Capital reported 5% organic growth for the first half and cut its growth outlook for the full-year to between 2% and 4%.

Havas' net revenues for the first half totaled nearly 1.3 billion euros, up 4.9%. Pre-tax earnings were 118 million euros, up 5.9%.  

Havas did not provide guidance on its full-year 2023 outlook.