HAVAS

1st quarter 2012: revenue growth continues
Unadjusted Growth +7.2% – Organic Growth +3.5%

•    Q1 2012 revenue: €387 million, up from €361 million in Q1 2011, an increase of 7.2%
•    Growth at constant exchange rates: 5.3%
•    Organic growth excluding variations in exchange rates and scope of consolidation: 3.5%
•    Net New Business robust: €605 million, compared with €384 million for Q1  2011

David Jones, Global CEO Havas, said “The Group achieved good growth in the first quarter of 2012, despite a high comparative benchmark. A particular highlight was the strong performance in France given what remains an uncertain economic environment in Europe. North America continued its performance in line with the 4th quarter of 2011 and the very strong growth in the emerging markets was maintained with double digit growth in Asia Pacific and Latin America. All disciplines contributed to our performance including a continued acceleration in digital. These results are an endorsement of the relevance of our business model, based on putting digital at the core of all our activities.”

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 Revenue: €1,645 million for full-year 2011
•    Organic growth +5.9%
•    16% of revenue from fast growing markets in Latin America and Asia-Pacific
•    Digital and social media increase to 23% of revenue

 
Income from operations of €220 million in 2011, up from €204 million in 2010, an increase of +8%
•    Income from operations margin up 30 basis points to 13.4%

Net Income, Group share up 9% to €120 million in 2011

Earnings per share (basic and diluted) up 8% to 28 cents (€) in 2011

Net debt: €37 million at December 31, 2011 compared to a net cash position of €87 million at December 31, 2010

Net New Business strong at €1.4 billion

Dividend proposed*: 11 cents (€) per share, an increase of 10%

David Jones, Havas CEO said: “It was another strong year for Havas driven by aggressive growth in digital, double digit results in emerging markets and the growth from our major global accounts. At the same time, we were successful in reducing costs in 2011 and generated an increase in margins as a result. Our new business performance and pipeline remain solid as we move into 2012.”

* 2011 dividend proposed at the General Shareholders’ Meeting of Thursday, May 10, 2012.