HAVAS

2010 First Half Results
Strong increase in Net income, Group share of +22.5%

► Revenue up:
• +4.2% in H1 2010 over H1 2009  
• +2.0% organic growth in Q2 2010, for a total of +1.8% for H1 2010
► Marked improvement of +18.3% in Income from operations:
• Margin on income from operations of 11.5% for H1 2010 against 10.2% in H1 2009, an increase of +130 basis points
► Net income, Group share up +22.5% at €49 million for H1 2010 compared with H1 2009
► Dynamic trend sustained in Net new business: €1.2 billion for H1 2010 compared with €0.8 billion for H1 2009 (+50%), equivalent to full year performance in 2009
► Net financial debt reduced by almost 30%: €129 million at June 30, 2010 compared with €179 million at June 30, 2009; gearing now 11%
► Average net financial debt reduced by 50% for H1 2010: €81 million compared with €162 million for H1 2009