Havas: Havas Q1 2007 Revenue
May 11 2007 - 2:09PM
PR Newswire (US)
Organic Growth: +3.2% SURESNES, France, May 11
/PRNewswire-FirstCall/ -- 1. Overview Havas (NASDAQ:HAVS) has
achieved +3.2% organic growth on a like for like basis. At constant
exchange rates, this growth would be +3.3%. The strong euro
penalised the group and the US dollar impact during the first
quarter was -11 MEUR. At current exchange rates, the group's
revenue in Q1 2007 was 337 MEUR, which is virtually stable in
relation to Q1 2006. Furthermore, net new business in the first
quarter totalled 545 MEUR, i.e. 13% higher than the average
quarterly figure in 2006. 2. Detailed presentation of the first
quarter by region The good start to the year was boosted by new
accounts won last year, particularly those of Reckitt Benckiser,
Exxon Mobil, Sanofi-Aventis, Progressive Direct, Danone, SFR,
Barclays and Pfizer. With +3.2% organic growth, the group's
first-quarter performance was good in most regions: France returned
to growth, Europe fared very well, Asia Pacific confirmed its high
growth trend, and Latin America continued to post double-digit
growth. Elsewhere, the UK was stable and North America was slightly
down on the previous period. For each geographic region, the
figures in brackets indicate revenue in MEUR and organic growth for
the period specified: - France (73, +2.6% in Q1 2007 versus 70,
-1.4% in Q1 2006) Euro RSCG continued to record strong organic
growth, with excellent performances in CRM, healthcare
communications and traditional advertising. - Great Britain (42,
0.0% in Q1 2007 versus 40, -2.6% in Q1 2006) The Q1 revenue stream
in Great Britain was largely attributable to traditional
advertising and corporate communications, but the region was
penalised by certain marketing services. - Europe, excluding France
and Great Britain (70, +8.2% in Q1 2007 versus 65, +5.8% in Q1
2006) Europe continued its remarkable organic growth of 2006 right
into the first quarter of 2007, particularly Havas Media in Spain.
The whole region posted growth (especially the central European
countries) with the exception of the Netherlands. - North America
(122, -0.8% in Q1 2007 versus 138, -6.7% in Q1 2006) The Q1
situation was positive in media buying, healthcare and corporate
communications, but contrasted in traditional advertising and
marketing services. Certain agencies returned to high growth while
others were closer to the bottom of the cycle. Arnold Boston should
reap the benefits of the recently awarded Volvo account from the
second half of the year onwards. - Asia Pacific (14, +8.6% in Q1
2007 versus 13, -9.5% in Q1 2006) The region has continued the
growth pattern of year-end 2006 and the trend is now spreading to a
large number of countries. - Latin America (16, +24.6% in Q1 2007
versus 13, +19.1% in Q1 2006) In Latin America, all the indicators
are positive and double-digit growth was recorded once again in the
first quarter. 3. Net New Business in 2007 Net New Business
totalled 545 MEUR in Q1 2007. The main accounts won in the first
quarter were the following: - Traditional advertising: Transavia,
Marques Avenue, Daunat, Equidia, Sudoku / Francaise des Jeux,
Century 21, Saveol and Dr Pierre Ricaud (France); Pets at Home and
EDF Energy (Great Britain); Promhogar (Spain); Modra Pyramida
(Czech Republic); Virgin Mobile and DirectTV(USA); CTI Movil
(Argentina); Aviva Direct (Singapore); Thanachart Bank (Thailand);
2008 Olympic Equestrian Events (Hong Kong) - Media: Compagnie des
Alpes, GrandOptical, Gaumont and Transavia (France); Reckitt
Benckiser (Belgium); National Express, EDF, E ! Entertainment, and
the BBC (Great Britain); Grupo Damm, Arag, Magners, Proein and
Expedia (Spain); Generali Insurance, ING Direct and Meetic (Italy);
Magners, Tunisian Tourist Board, Thalia, Thalys and AutoFit
(Germany); Pearle Vision (USA); Mitsubishi Motors (India). -
Marketing services: Air France (France) ; Britisch Sky Broadcasting
Limited (Great Britain) ; Telekom Austria (Austria). - Corporate:
Le 15, Mines de la Lucette, and Groupe Chaloub (France). 4. Awards
for Creativity At the Mobius Awards in February 2007, BETC Euro
RSCG won the Mobius statuette for its work entitled "The March of
the Emperor" for Canal+, and Arnold Boston received awards for
"Good Samaritans" for the American Legacy Foundation, and for the
"Flower" campaign it produced for Fidelity. At the Top Com
Corporate Business awards, Euro RSCG C&O carried off the Grand
Prix Top Com Design for its campaign on behalf on the French Red
Cross. Euro RSCG C&O also received a Gold Top Com for INPES
(French national health institution) and three Silver Top Coms for
its work for the French Ministry of Employment, The Phone Book and
for the city of Angers. BETC Euro RSCG was awarded a Gold Top Com
and a Bronze Top Com for its campaign for insurance company MACIF.
The Asia Pacific Advertising Festival bestowed gold and silver
prizes upon the Euro RSCG Flagship agency in Thailand for its "Boy"
campaign for Reckitt Benckiser, and two bronze awards for
Spectraban 60 "Invisible" and the Soken DVD "Warrior". Euro RSCG
Furnace in Australia received two silvers for the Slazenger Tennis
Racquets campaign entitled "Mushroom". The Long Xi Awards saw Euro
RSCG Shanghai carry off three prizes (one Gold and two Silver) for
the campaigns it produced for Pfizer and Greenpeace. MPG UK
received two awards ("Best Use of Outdoor" and "Overall Best
Campaign") for its client Magners Cider. At the fourth edition of
the Trophees Sporsora for sports marketing, French electricity
provider EDF was awarded the gold trophy for the "best sports
sponsorship work" involving a company and a sports organisation.
This award was received for "Rencontres EDF Handisport", an event
designed and organised by Havas Sports. 5. Outlook The group's main
performance indicators for Q1 2007 are in line with its
expectations in view of the seasonality of the business. 6.
Calendar The combined Annual General Meeting of Shareholders will
be held on June 11, 2007. The revenue for the first half-year will
be published at the end of July. About Havas Havas (Euronext Paris:
HAV.PA) is a global advertising and communications services group.
Headquartered in Paris, Havas operates through its two worldwide
networks, Euro RSCG Worldwide headquartered in New York and Havas
Media in Barcelona, and through Arnold Worldwide Partners. A
multicultural and decentralized Group, Havas is present in more
than 75 countries through its networks of agencies and contractual
affiliations. The Group offers a broad range of communications
services, including traditional advertising, direct marketing,
media planning and buying, corporate communications, sales
promotion, design, human resources, sports marketing, multimedia
interactive communications and public relations. Havas employs
approximately 14,400 people. Further information about Havas is
available on the company's website: http://www.havas.com/
Forward-Looking Information This document contains certain
"forward-looking statements" within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions, concerning matters that are not historical facts.
These forward-looking statements reflect Havas' current views about
future events and are subject to risks, uncertainties, assumptions
and changes in circumstances that may cause Havas' actual results
to differ significantly from those expressed in any forward-looking
statement. Certain factors that could cause actual results to
differ materially from expected results include changes in global
economic, business, competitive market and regulatory factors. For
more information regarding risk factors relevant to Havas, please
see Havas' filings with the U.S. Securities and Exchange
Commission. Havas does not intend, and disclaims any duty or
obligation, to update or revise any forward-looking statements
contained in this document to reflect new information, future
events or otherwise. (1) Net New Business : Net new business
represents the estimated annual advertising budgets for new
business wins (which includes new clients, clients retained after a
competitive review, and new product or brand expansions for
existing clients) less the estimated annual advertising budgets for
lost accounts. Havas' management uses net new business as a
measurement of the effectiveness of its client development and
retention efforts. Net new business is not an accurate predictor of
future revenues, since what constitutes new business or lost
business is subject to differing judgments, the amounts associated
with individual business wins and losses depend on estimated client
budgets, clients may not spend as much as they budget, the timing
of budgeted expenditures is uncertain, and the amount of budgeted
expenditures that translate into revenues depends on the nature of
the expenditures and the applicable fee structures. In addition,
Havas' guidelines for determining the amount of new business wins
and lost business may differ from those employed by other
companies. (1) Net account gains expressed in estimated annual
billings. The complete definition can be found on page 5 of this
release. 2 allee de Longchamp 92281 Suresnes Cedex, France, Tel:
+33-(0)1-58-47-90-00, Fax: +33-(0)1-58-47-99-99,
http://www.havas.com/; SA au capital de 171 860 763,60 euros - 335
480 265 RCS Nanterre - APE 744 B Contacts : Communications : Anne
Marsan Tel: +33-(0)1-58-47-90-33 Solenne Anthonioz Tel:
+33-(0)1-58-47-90-27 Investor Relations: Herve Philippe Directeur
Financier du Groupe Havas Tel: +33-(0)1-58-47-91-23 DATASOURCE:
Havas CONTACT: Contacts : Communications : Anne Marsan, Tel:
+33-(0)1-58-47-90-33, ; Solenne Anthonioz, Tel:
+33-(0)1-58-47-90-27, ; Investor Relations: Herve Philippe,
Directeur Financier du Groupe Havas, Tel: +33-(0)1-58-47-91-23,
Copyright
Havas (NASDAQ:HAVS)
Historical Stock Chart
From May 2024 to Jun 2024
Havas (NASDAQ:HAVS)
Historical Stock Chart
From Jun 2023 to Jun 2024