Havas Group Reports 14% Rise Of Pre-Tax Profits To $247M In 2012
Havas Group, the owner of the Havas Worldwide and Havas Media networks, "has reported pre-tax income" of €190M ($247M) in '12, an increase of 14.5% year on year after growth in new business, digital and emerging markets, according to Maisie McCabe of CAMPAIGN LIVE. According to Havas Group’s full year results, the group’s consolidated companies reported revenue of €1.78B ($2.31B) in '12, an increase of 8.1% year on year or 2.1% on an organic basis. Havas said digital and social media "once again increased their contribution" and now account for 26% of overall group revenue, while 17% of revenue "comes from fast growing markets in Latin America, Asia-Pacific and Africa." Net new business won by Havas Group companies was €1.7B ($2.21B) in '12, up 21.4% from €1.4Ba year earlier. Int'l wins include: Louis Vuitton for BETC; Intel Asus, Novartis and GSK for Havas; and Mr Porter for MPG Media Contacts (CAMPAIGN LIVE, 3/22).