Havas Village Lisbon

Havas posted net revenues of 617 million euros in the first quarter, with organic growth of 2%. Total reported net revenue growth including acquisitions and currency impact was 4.8%. 

The Havas results were posted this morning by parent company Vivendi. 

The company’s North America operation was the only region to lose ground in Q1 with an organic net revenue decline of 4%, which the firm said was “in line with expectations.” 

Europe grew by 5.5% with contributions from “almost all countries and activities,” according to the company. Asia Pacific and Latin America also posted gains with particular strength in India and Mexico. 

Havas did not offer growth guidance for the full year. 

As reported earlier, Havas acquired three companies during the quarter, supporting what it called its “customer-centric” approach focused on digital and data. The companies were B2B specialist agency Ledger Bennett, social marketing agency Wilderness and digital transformation consultant Ted Consulting.  

Account wins in the period included FedEx in Europe (creative) and Famous Footwear in the U.S. (media).