French company Vivendi has published its Q3 2021 financial results, within it the reporting of Havas Group’s financial results.
Havas Group has reported growth of 17.8% in the quarter, as “business activities continued to experience a very strong recovery compared to the same period in 2020, outpacing the second quarter of 2021.”
The carries on from Q2 growth of 15.8%. For the first nine months of the year, Havas Group revenues totalled €1.69 billion (A$2.63 billion), which is up 11.6% when compared to the first nine months of 2020.
Net revenue across this period is €1.57 billion (A$2.44 billion), which is a 8.2% rise, on the same period in 2020 also. Total net revenue for the quarter was €561 million (A$872.63 million), with the Asia Pacific and Africa region contributing €45 million (A$70 million).
This breaks down as organic growth of 10.8%, acquisitions contributing 1.3% and an unfavorable foreign exchange rate contributing -3.9%.
This included acquiring majority stakes in Agence Verte (a France-based agency specialising in CSR communications) and Nohup (an Italian digital transformation agency), as part of its “targeted acquisitons policy”.
The company said: “Havas Group is approaching the end of 2021 with confidence, thanks to a sustained level of business activity, with many new business wins, including Unilever (Media division, for France and Spain), SNCF (Creative) and a significant additional budget in Health communications.”
Havas Group’s net revenues for the third quarter of 2021 grew organically by 17.8% (a favorable baseline compared to the third quarter of 2020, which was affected by the health crisis), following growth of 15.8% in the second quarter of 2021.