Havas sees 3-4 pct organic sales growth in 2007, operating margin of 10.5 pct |
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Mon, 11 Jun 2007 12:02
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PARIS (Thomson Financial) - French media group Havas said it expects to achieve organic sales growth of 3-4 pct in 2007, combined with an operating margin of 10.5 pct.Chief executive officer Fernando Rodes Vilas outlined the targets at the group's AGM today, saying that Havas' 'upturn will be confirmed.''Havas is once again ready to grow and resume its position,' Rodes Vilas said, referring to the group's recent difficulties.Up till now, Havas had given vague growth targets for 2007, talking of organic growth of around 3 pct and a margin of around 10 pct.Earlier this month, the media group reported first quarter sales of 337 mln eur, down slightly from 339 mln eur a year earlier but up 3.2 pct on a like-for-like basis.Separately, the group also announced at today's AGM that it is launching a second major advertising agency in France, to be called H.The new company is the product of the merger of Scher Lafarge, DevarrieuxVillaret, EuroRSCG27, Communider and Le Nouvel Eldorado, and will employ 225 staff, managing accounts for Darty, SNCF and Citroen in particular.vicky.buffery@thomson.comafp/vb/jlwCOPYRIGHTCopyright 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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Havas Q1 sales 337 mln eur, in line with analyst, company expectations 