Havas UK revenue dips in first quarter of 2016

Havas has reported a 1.6% decline in year-on-year revenue for the first quarter of 2016.

The owner of Havas Media Group posted €63 million in revenue for the UK in Q1 2016, compared to €64 million in the same period last year, representing a 1.6% contraction in organic growth.

Globally, the company posted revenue of €506 million for the first quarter of 2016, an increase of 7.9% year on year and organic growth of 3.4%.

Across Europe, Havas reported organic growth of 4.1% to €252 million from January to March, while North America grew organically by 1.2% to €187 million.

 

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Rick Palmer
Rick Palmer
Rick is Advertising M&A's Managing Director. A highly experienced digital entrepreneur, Rick has built a number of successful digital businesses and advised FTSE 100/Fortune 500 companies. He has had personal experience of M&A during this time, setting up and selling several businesses in social, gaming, publishing and creative design & build.