€2.736 Billion Revenue, €338 Million Profit: Havas Announces Record 2024 Results

Havas has announced record financial results for 2024, reporting net revenue of €2,736 million, a 1.5% increase year-over-year. The company also achieved a record adjusted EBIT of €338 million, up 3.4% from the previous year, with an adjusted EBIT margin of 12.4%.

Despite a -0.8% organic growth rate, Havas benefited from a 2.5% boost to net revenue from acquisitions. The company's net income attributable to the group reached €173 million.

Regional performance varied:

Europe: Net revenue increased by 1.2%.
North America: Net revenue declined by 6.6%.
Asia Pacific and Africa: Net revenue increased by 1.1%.
Latin America: Net revenue surged by 14.7%.

Yannick Bolloré, CEO and Chairman of Havas, said: “2024 was a historic year of financial performance and transformation for Havas, marking its successful listing on Euronext Amsterdam and the launch of its Converged global strategy. Today, Havas is in a very strong position to deliver on its growth objectives and create long-term value, as it reaffirms its status as the strongest challenger in the communications and marketing industry. Havas has fully achieved its guidance for 2024, demonstrating strong agility. We are committed to driving profitable growth, seizing opportunities in rapidly expanding sectors like digital, retail, customer experience, design and strategic advisory, while increasing our investments in data, tech, and AI, and strengthening our global contentat-scale network. Following the closing of six acquisitions in 2024, we maintain our dynamic M&A strategy, having already completed three new acquisitions in key growth areas since the beginning of the year. 1Yield based on the average share price, 20 days of trading, from 3 to 28 February 2025. Page 2 of 13 We are excited about the future and confident in our ability to accelerate in an evolving market. By leveraging our standout creativity, talent, integrated capabilities, and innovative solutions, we can continue to excel as a dedicated business partner to our clients. Finally, I would like to take this opportunity to thank our clients and partners for their trust, as well as our almost 23,000 talents around the world for their unwavering commitment."

Havas reported a net cash position of €211 million. The company's 2024 cash flow generated by operating activities was €254 million.

Key highlights include:

Six acquisitions completed in 2024.
Listing on Euronext Amsterdam.
Implementation of the "Converged" strategy, with €400 million investment in data, technology, and AI from 2024 to 2027.

For 2025, Havas has reaffirmed its guidance, projecting:

Organic net revenue growth above 2%.
Adjusted EBIT margin between 12.5% and 13.5%.

The company also confirmed its medium-term targets for 2028, aiming for an adjusted EBIT margin between 14.0% and 15.0%.

Havas has proposed a dividend of €0.08 per share, representing a 5.2% yield. Additionally, the company plans a share buyback program of up to 10% of its issued share capital and a reverse share split of 10-for-1.