Havas Group reports ‘double-digit organic growth’, up 17.7%

French company Vivendi has published its Q1 2022 financial results, within it the reporting of Havas Group’s financial results.

Havas Group made an excellent start to the year with double-digit organic growth. For the first quarter of 2022, revenues were €591 million (A$881 million), up by 17.7% compared to the first quarter of 2021. 

Net revenues were €564 million (A$841million), up by 18.0% compared to the first quarter of 2021, broken down as follows: organic growth of 11.4% (compared to organic growth of -0.8% in the first quarter of 2021), a 4.4% currency effect and a 2.2% contribution from acquisitions.

This excellent operating performance stems from the strong commercial momentum achieved in recent quarters, boosted by the launch of innovative new offerings (notably Havas CX and Havas Market).

All the geographical regions reported strong organic growths, with positive contributions from all divisions: Creative, Media and Healthcare communication.

Once again, Europe and North America were the biggest contributors, with solid organic growth (12.4% and 9.0%, respectively). Both Asia-Pacific (9.3%) and Latin America (22.3%) continued to report highly satisfactory performances

During the first quarter of 2022, Havas Group accelerated its acquisition of majority interests with five targeted operations: Tinkle (Spain and Portugal), Inviqa (United Kingdom and Germany), Search Laboratory (United Kingdom and United States), Frontier Australia (Australia) and Front Networks (China).

Havas financial results Q1 2022

After the results were released, Vivendi’s Annual General Shareholders’ meeting was held at L’Olympia in Paris, under the Chairmanship of Yannick Bolloré, with a quorum of 70.95 % present or represented shareholders.

The shareholders approved all 27 resolutions, including those requiring a two-thirds majority.

The Shareholders’ meeting appointed Maud Fontenoy as an independent member of the Supervisory Board.

It renewed the term of office of four independent members of the Supervisory Board (Philippe Bénacin, Cathia Lawson-Hall, Michèle Reiser and Katie Stanton) for a four-year period.

The Shareholders’ meeting also approved the distribution of an ordinary dividend of €0.25 per share for fiscal year 2021. The dividend will be paid as from April 28, 2022, and the ex-dividend date will be April 26, 2022.

The Supervisory Board, which met following the Shareholders’ Meeting, confirmed Philippe Bénacin as vice chairman of the Supervisory Board.

Vivendi currently trades at €11.54 (A$17.22) as of 26 April 2022, and has a market capitalisation of €12.787 billion (A$19.078 billion).


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