Havas: Net income +40%
Sunday, September 28th, 2008 filled in Media Agencies / Advertising | No Comments »
The Board of Directors, meeting on August 28, approved the accounts for the first half of 2008.
- Group revenue of €755 million for H1 2008 was up by +3.6% over H1 2007, due in large part to strong business growth in key markets reflecting new account wins and increased market share. The strong euro has penalized the Group, with a negative exchange rate impact over the first six months of the year of €46 million against the weaker US dollar and sterling, as
compared to H1 2007.
→ The Group’s organic growth over the first half of 2008 progressed as follows:
Q1 2008 + 7.4%
Q2 2008 + 8.4%
H1 2008 + 8.0%
→ Income from operations totaled €82 million, an increase of +9.3% over H1 2007. Margin on income from operations gained 60 basis points to rise from 10.3% to 10.9%, thanks to successful cost control.
→ Operating income rose to €91 million, a significant increase of +21.3% over H1 2007. The increase in operating income includes a capital gain of €8.4 million on the disposal of McKinney. Operating margin for H1 2008 thus rose to 12% compared to 10.3% for H1 2007.
→ Consolidated net income rose to €52 million in the first half of 2008, a sharp increase of +33 % over H1 2007.
→ Net income, Group share, was €49 million in H1 2008, up by an impressive +40% on H1 2007.
→ Earnings per share for H1 2008 were €11 cents compared to €8 cents in H1 2007, an increase of +38%.
→ The Group continued to strengthen its financial position in H1 2008 as compared to the same period in 2007. Net debt at June 30, 2008 was down to €340 million, compared to €430 million at June 30, 2007. Average net debt1 also fell by 18% compared to H1 2007.
The first half of 2008 further confirmed the pertinence of the Group’s growth strategy based on the creative talent and knowhow of its teams and closer commercial integration of its networks. All the Group’s main businesses have enjoyed strong growth: putting digital at the core of all our agencies and businesses means we can provide our clients with global communication advertising solutions and a choice of media.
The Group is significantly outperforming the market in terms of growth in all its key regions, most notably in North America (+6.4%) and Europe (+8.1%). For the Rest of the World, organic growth was up by +11.4%.
Net New Business of €1,133 billion for H1 2008 is also extremely encouraging and enables us to look to the future with confidence on behalf of both our shareholders and Group employees.
- Group revenue of €755 million for H1 2008 was up by +3.6% over H1 2007, due in large part to strong business growth in key markets reflecting new account wins and increased market share. The strong euro has penalized the Group, with a negative exchange rate impact over the first six months of the year of €46 million against the weaker US dollar and sterling, as
compared to H1 2007.
→ The Group’s organic growth over the first half of 2008 progressed as follows:
Q1 2008 + 7.4%
Q2 2008 + 8.4%
H1 2008 + 8.0%
→ Income from operations totaled €82 million, an increase of +9.3% over H1 2007. Margin on income from operations gained 60 basis points to rise from 10.3% to 10.9%, thanks to successful cost control.
→ Operating income rose to €91 million, a significant increase of +21.3% over H1 2007. The increase in operating income includes a capital gain of €8.4 million on the disposal of McKinney. Operating margin for H1 2008 thus rose to 12% compared to 10.3% for H1 2007.
→ Consolidated net income rose to €52 million in the first half of 2008, a sharp increase of +33 % over H1 2007.
→ Net income, Group share, was €49 million in H1 2008, up by an impressive +40% on H1 2007.
→ Earnings per share for H1 2008 were €11 cents compared to €8 cents in H1 2007, an increase of +38%.
→ The Group continued to strengthen its financial position in H1 2008 as compared to the same period in 2007. Net debt at June 30, 2008 was down to €340 million, compared to €430 million at June 30, 2007. Average net debt1 also fell by 18% compared to H1 2007.
The first half of 2008 further confirmed the pertinence of the Group’s growth strategy based on the creative talent and knowhow of its teams and closer commercial integration of its networks. All the Group’s main businesses have enjoyed strong growth: putting digital at the core of all our agencies and businesses means we can provide our clients with global communication advertising solutions and a choice of media.
The Group is significantly outperforming the market in terms of growth in all its key regions, most notably in North America (+6.4%) and Europe (+8.1%). For the Rest of the World, organic growth was up by +11.4%.
Net New Business of €1,133 billion for H1 2008 is also extremely encouraging and enables us to look to the future with confidence on behalf of both our shareholders and Group employees.
