Havas: 2007 Revenue
14 Febrero 2008 - 3:12AM
PR Newswire (US)
SURESNES, France, February 14 /PRNewswire-FirstCall/ -- - Record
Organic Growth: +7.1% for Full Year 2007 - +9.8% in Q4 - Fernando
Rodes Vila, Chief Executive Officer of the Havas Group. - Annual
revenue up sharply: EUR1,532 million in 2007, an increase of +4.1%
over 2006, at current exchange rates - Net new business[1] 2007:
EUR1.5 billion - The Group's major international clients made a
positive contribution to growth - For the first time since 2000,
the Group reported growth in all regions - Strong growth also
reported for all Group businesses: - Euro RSCG: +5.5% - Havas
Media: +19.1% In the digital business, growth progressed by +28% 1.
General comments Organic growth made stronger progress with each
quarter, increasing by +3.2% in Q1, +5.4% in Q2, +9.3% in Q3 and
reaching +9.8% in the fourth quarter. The appreciation of the euro
against the US dollar had a negative impact on the Group of EUR44
million over full year 2007 by comparison with full year 2006. Full
year 2007 revenue was nonetheless EUR1,532 million, an increase at
current exchange rates of +4.1% by comparison with 2006. The Group
will publish its 2007 results in March 2008. 2. Revenue and organic
growth by region in Q4 2007 Revenue (in MEUR) Q4 Q4 12 months 12
months 2007 2006 2007 2006 EUROPE 254 226 867 795 of which France
94 83 330 304 UK 48 48 183 176 Rest of Europe 112 95 354 315 NORTH
AMERICA 129 145 508 550 REST OF THE WORLD 51 39 158 128 of which
Asia Pacific 23 17 72 60 Latin America 29 22 86 67 TOTAL 434 410
1,532 1,472 Organic Growth Q4 Q4 12 months 12 months (%) 2007 2006
2007 2006 EUROPE 11.7% -2.6% 7.6% 2.8% of which France 8.7% -5.6%
5.5% 0.4% UK 4.0% 6.2% 2.9% 2.0% Rest of Europe 18.3% -3.8% 12.4%
5.9% NORTH AMERICA 1.7% 1.6% 3.4% -4.0% REST OF THE WORLD 24.4%
16.3% 16.9% 8.9% of which Asia Pacific 28.6% 4.8% 17.3% -0.6% Latin
America 21.0% 26.9% 16.4% 19.0% TOTAL 9.8% 0.4% 7.1% 0.6% 3. Net
New Business(1) 2007 Net new business was EUR1.5 billion for full
year 2007. Expressed in terms of gross margin, this is equivalent
to the figure reported in 2006. 4. Creativity Creativity awards for
the final quarter of 2007 continued to pour in: The Gunn Report
published in November 2007 ranked Euro RSCG 4D Amsterdam, BETC Euro
RSCG and Arnold Boston in the Top 50 most awarded agencies in the
world. Euro RSCG 4D Amsterdam's campaign for Volvo, "The Hunt", was
ranked 10th in the Top 25 most awarded interactive campaigns
worldwide. For the second year running, the "March of the Emperors"
campaign for Canal+ by BETC Euro RSCG featured in the Top 50 most
awarded campaigns worldwide. In November, MPG Argentina received
the Jerry Goldenberg Award for Best Media Agency of the year in
Argentina. Euro RSCG Europe was named European Communication Group
of the Year by the 28th "Agencies of the Year" Grand Prix, and on
the same occasion Vincent Bollore was voted 2007 Communication
Personality of the Year. At the Cresta International Advertising
Awards in October, agencies Arnold Boston, BETC Euro RSCG, Euro
RSCG Flagship and Euro RSCG 4D Amsterdam took a total of eleven
awards, including a Grand Prix awarded to Arnold Boston for its
"Singing Cowboy" campaign on behalf of American Legacy. The "Army
on Everest" campaign produced by Euro RSCG Biss Lancaster on behalf
of the UK's Army Recruiting Group was named campaign of the year by
PR Week magazine. At the London International Advertising Awards,
Arnold Boston, Arnold Italy, BETC Euro RSCG and The Furnace in
Australia won eleven awards, including two Golds, one going to
Arnold Boston for its "Singing Cowboy" campaign for American Legacy
and the other to BETC Euro RSCG for its "Merry Christmas" campaign
for Sci Fi Channel. At the "El Ojo de Iberoamerica" Latin American
festival, Euro RSCG Buenos Aires was named most awarded agency for
radio. Other award-winners included Euro RSCG Santiago, Euro RSCG
Buenos Aires, Viceversa Euro RSCG and Media Contacts in Brazil. MPG
UK took gold at the Campaign Media Awards for its "Information
Revolution" campaign for Ask.com. The Epica Awards, one of Europe's
premier creative awards, recognized Euro RSCG Dusseldorf, Euro RSCG
Prague, Euro RSCG London, BETC Euro RSCG, Compagnie 360 Euro RSCG
and Arnold Italy. BETC Euro RSCG alone took seven awards for its
campaigns for Canal+, 13eme Rue, Le Parisien and CanalSat. BETC
Euro RSCG won a Gold award at the Eurobest Awards for its Canal+
campaign "Brokeback Mountain" and two other awards for campaigns
for 13eme Rue ("Gali") and INPES "Free Hugs". Euro RSCG Prague and
H also won awards. At the Meribel Ad Festival, BETC Euro RSCG
scooped up eight Cristal awards, including a Cristal Europe for
13eme Rue and "Gali" and a Grand Cristal France for Canal+ "Le Pot
de depart" (The Leaving Do". Euro RSCG 4D Amsterdam, Euro RSCG
Prague, Compagnie 360 Euro RSCG and Euro RSCG C&O also took
awards. In media, agencies MPG UK and MPG Spain each won a Cristal
Europe, Media Contacts France took one Cristal France and Euro RSCG
4D Paris two Cristal France awards. At the China 4A Golden Seal
Creative Awards, Euro RSCG Shanghai walked away with a total of 17
awards, including the Best of Craft prize for its campaign for the
Long Xi Global Chinese Advertising Awards. Euro RSCG Shanghai went
on to take another five awards at the Long Xi Global China
Advertising Awards, where Euro RSCG Hong Kong also won an award.
About Havas Havas (Euronext Paris: HAV.PA) is a global advertising
and communications services group. Headquartered in Paris, Havas
operates through its two worldwide networks, Euro RSCG Worldwide
and Havas Media, which are headquartered in New York and Barcelona
respectively, and through a number of independent agencies renowned
for their creativity, such as Arnold Worldwide Partners. A
multicultural and decentralized Group, Havas is present in more
than 75 countries through its networks of agencies and contractual
affiliations. The Group offers a broad range of communications
services, including traditional advertising, direct marketing,
media planning and buying, corporate communications, sales
promotion, design, human resources, sports marketing, multimedia
interactive communications and public relations. Havas employs
approximately 14,400 people. Further information about Havas is
available on the company's website: http://www.havas.com/
Forward-Looking Information This document contains certain
forward-looking statements which speak only as of the date on which
they are made. Forward-looking statements relate to projections,
anticipated events or trends, future plans and strategies, and
reflect Havas' current views about future events. They are
therefore subject to inherent risks and uncertainties that may
cause Havas' actual results to differ materially from those
expressed in any forward-looking statement. Factors that could
cause actual results to differ materially from expected results
include changes in the global economic environment or in the
business environment, and in factors such as competition and market
regulation. For more information regarding risk factors relevant to
Havas, please see Havas' filings with the Autorite des Marches
Financiers (documents in French) and, up to October 2006, with the
U.S. Securities and Exchange Commission (documents in English
only). Havas does not intend, and disclaims any duty or obligation,
to update or revise any forward-looking statements contained in
this document to reflect new information, future events or
otherwise. (1) Net New Business: Net new business represents the
estimated annual advertising budgets for new business wins (which
includes new clients, clients retained after a competitive review,
and new product or brand expansions for existing clients) less the
estimated annual advertising budgets for lost accounts. Havas'
management uses net new business as a measurement of the
effectiveness of its client development and retention efforts. Net
new business is not an accurate predictor of future revenues, since
what constitutes new business or lost business is subject to
differing judgments, the amounts associated with individual
business wins and losses depend on estimated client budgets,
clients may not spend as much as they budget, the timing of
budgeted expenditures is uncertain, and the amount of budgeted
expenditures that translate into revenues depends on the nature of
the expenditures and the applicable fee structures. In addition,
Havas' guidelines for determining the amount of new business wins
and lost business may differ from those employed by other
companies. Contacts: Communications: Lorella Gessa Tel:
+33(0)1-58-47-90-36 Solenne Anthonioz Tel: +33(0)1-58-47-90-27
Investor Relations: Herve Philippe Chief Financial Officer Tel:
+33(0)1-58-47-91-23 Elsa Cardarelli Tel: +33(0)1-58-47-90-58 2
allee de Longchamp 92281 Suresnes Cedex, France Tel
+33(0)1-58-47-90-00 Fax +33(0)1-58-47-99-99 http://www.havas.fr/ SA
au capital de 171 940 080,40 EUR - 335 480 265 RCS Nanterre - APE
7311Z [1] Net account wins, expressed in estimated annual billings.
Full definition given on page 6 of this press release. DATASOURCE:
Havas CONTACT: Contacts: Communications: Lorella Gessa, Tel:
+33(0)1-58-47-90-36, ; Solenne Anthonioz, Tel: +33(0)1-58-47-90-27,
; Investor Relations: Herve Philippe, Chief Financial Officer, Tel:
+33(0)1-58-47-91-23, ; Elsa Cardarelli, Tel: +33(0)1-58-47-90-58,
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