Havas Q1 sales 337 mln eur, in line with analyst, company expectations |
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Published
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Fri, 11 May 2007 17:43
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PARIS (Thomson Financial) - Media group Havas reported first-quarter sales of 337 mln eur, down slightly from 339 mln eur a year earlier but in line with analyst estimates and its own expectations.Goldman Sachs and Exane BNP Paribas had predicted sales of 335 mln eur, while Deutsche Bank analysts had forecast 338 mln eur.'The groups main performance indicators for Q1 2007 are in line with its expectations in view of the seasonality of the business,' Havas stated.Havas said that like-for-like sales increased 3.2 pct, while sales excluding currency effects rose 3.3 pct.Net new business reached 545 mln eur, which Havas said was up 13 pct on the average quarterly figure in 2006.In the first quarter of 2006, Havas had reported net new business of 620 mln eur.Overall, the group said sales in the first quarter of this year were boosted by accounts won last year, 'particularly those of Reckitt Benckiser, Exxon Mobil, Sanofi-Aventis, Progressive Direct, Danone, SFR, Barclays and Pfizer'.By region, Havas said its domestic network RSCG recorded organic growth of 2.6 pct, lifted by 'excellent performances' in customer relationship management (CRM), healthcare communication and traditional advertising.Organic growth in the UK was flat, with growth in advertising and corporate communication offset by certain marketing services, the company said.In the rest of Europe, organic growth was 8.2 pct, with all markets posting growth with the exception of the Netherlands.Outside Europe, North America saw a 0.8 pct fall in organic sales, Asia Pacific posted 8.6 pct growth and Latin America a 24.6 pct increase.tfn.paris@thomson.comgt/rfwCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Bollore to raise stake in Havas to 31 pct by end-June through call option 