Maisie McCabe
May 06, 2013

Havas returns to growth in UK, despite 'sharp downturn' in Europe

Digital, media, advertising and healthcare made significant contributions, while emerging markets remained solid, reports agency.

David Jones: global chief executive of Havas
David Jones: global chief executive of Havas

Havas revealed that first quarter revenues were €386m (£325.4m), down 0.3% year on year, but representing a decline of 0.9% on an organic basis.

In the UK, Havas "returned to growth" and reported organic revenue up 0.7% year on year, despite "budget cuts by certain clients". UK new business wins included the PR account for Ideal Standard and the Bacardi global creative business.

Havas said its French business reported organic growth of 1.2% in Q1 2013, despite a high 2012 baseline, driven largely by advertising, media and digital.

Although revenue in the rest of Europe declined by 2.4% year on year, the digital business "continued to perform well" and Germany and Turkey "continue to report good growth".

David Jones, the global chief executive of Havas, said: "The group held up well against the sharp downturn in the European market overall in the first quarter of 2013, achieving positive performances in the key markets of France and the UK.

"Business in North America slowed after outperforming the market in Q4 2012, but emerging markets remain solid. Digital, media, advertising and healthcare communication all made significant contributions to group performance."

The article first appeared on campaignlive.co.uk

Source:
Campaign India

Related Articles

Just Published

8 hours ago

Adgcraft’s new AI vertical bets on India’s ...

As India doubles down on AI, Adgcraft positions itself to shape the narrative for the country’s tech-first future.

9 hours ago

Good Morning Films wins big at CIFCA 2025

Campaign India’s Film Crest Awards spotlight standout work in ad and corporate films, judged for craft, execution, and storytelling.

15 hours ago

Where are India’s women at the global table?

Despite talent and tenacity, Women Inspiring Network’s founder rues that Indian women remain underrepresented on global stages like Cannes and Davos. Networks, not just skills, are the missing link.

1 day ago

Amazon’s Beautyverse blends content, commerce and ...

With creators, AI tools and Prime Day synergy, the ecommerce platform is crafting a conversion-first beauty playbook for India’s digital-first consumers.