"Havas Has Made a Good Start," says Yannick Bolloré , as Q1 revenue rises 5.2%

Havas, a leading global communications group, announced solid first-quarter 2025 results, demonstrating continued growth momentum. The company reported a 5.2% increase in net revenue, reaching €649 million, up from €617 million in the same period last year.

The growth was driven by a combination of organic expansion and strategic acquisitions. Organic growth, which excludes the impact of acquisitions and currency fluctuations, stood at 2.1%.

Regionally, Havas experienced mixed performance:

Europe saw a slight organic decline of 0.2%.
North America delivered strong organic growth of 3.2%.
APAC and Africa posted organic growth of 1.9%.
Latin America continued its impressive growth trajectory, with organic growth of 16.6%.

Havas actively pursued acquisitions during the quarter to bolster its capabilities:

Acquired CA Sports (Spain) to expand its sports marketing offerings.
Acquired Channel Bakers (USA) to strengthen its position in e-commerce media.
Acquired Don (Argentina) to enhance its creative presence in Latin America.

Looking ahead, Havas reaffirmed its financial outlook for 2025:

Organic net revenue growth is projected to be above 2%.
Adjusted EBIT margins are expected to be between 12.5% and 13.5%.
The dividend payout ratio is anticipated to be around 40%.

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

Yannick Bolloré CEO and Chairman of Havas, "Havas has made a good start to 2025, maintaining its momentum and generating organic growth in net revenue of 2.1% and growth of 5.2% as reported. This performance, in line with our targets, reflects our business momentum, particularly in North America and Latin America, as well as progress on our bolt-on acquisition strategy. We continue to focus on the Group’s development, through the global roll-out of our “Converged” strategy and operating system – which is powered by the best data, tech and AI – the expansion of our capacity in high-growth sectors, and an unwavering commitment to creative excellence. We are therefore confirming our objectives for 2025, while keeping a close eye on the global geopolitical and economic situation, in order to respond quickly and effectively, supporting our clients and teams in this context. I'd like to thank our clients for their trust, and highlight the dedication of our talented teams worldwide, who are key to our success.

Havas will hold an analyst conference call to provide further details on the results. The company's 2024 Annual Report is scheduled for release on April 15, 2025.