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Havas Q4: Revenue Down 4.4%; Less Than Previous Three Quarters
Havas Q4 2010 Earnings Release
Havas (Euronext Paris: HAV.PA) today reported a Q4 2009 revenue decline of 4.4%. The drop is less than the previous three quarters of 2009, where revenue declines all exceeded 8%. Revenue totaled approximately $648.6 million for the fourth quarter of 2009.
Revenue for all of 2009 fell 8.1 percent to $1.99 billion. The company said digital business increased revenue share “from 9% in 2006 to over 16%” in 2009.
In addition, the company’s corporate communication businesses, “for the first time in the year returned to positive figures” in Q4 2009. The company didn’t break out any specific figures.
Havas’ PR holdings include Euro RSCG Worldwide PR and Abernathy MacGregor.
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