Havas has reported growth of 16.9% in income for the first half of 2007, saying that income from operations was up 16.9% to €75 million and showed a significant increase on the first half 2006.
Operating income was also €75 million, an increase of 34.4% compared to first half 2006, whilst net income was up by 70.6%.
At €729 million in first half 2007, group revenue was up +1.3% in gross terms compared to the first half of 2006, due primarily to the strategy of reinforcing talents and new business teams introduced in 2006, said Havas.
At 4.4%, organic growth in first half 2007 was at its highest level since the first half of 2001.
Fernando Rodés Vilà, CEO of Havas, said: “These satisfactory first-half 2007 results for Havas are in line with expectations. Continuing our focus on winning new business, rationalization and cost control is the key to the group’s long-term, profitable growth.”
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