Havas revenue up, but net new business down in Q1

Share this content:

Havas' first-quarter 2011 revenue increased 9.7% to $530 million, compared with the previous year, the company said April 27 in an earnings statement. The holding company, which owns and operates Euro RSCG and Arnold Worldwide, among other agencies, saw $563 million in net new business in Q1, a drop of 33% compared with the first quarter of 2010.

North American revenue increased 10% in the quarter to $184 million, compared with Q1 2010.  

“The group achieved good growth in the first quarter of 2011, thanks in particular to the American market but also to solid recovery in Europe,” said David Jones, CEO of Havas, in an earnings statement. “New business stayed strong, thanks to wins like the Dell and Pfizer worldwide accounts.”

The most significant account wins in Q1 2011, according to the earnings statement, include Dell and Pfizer globally, and Sonic in the US.

Jones replaced former Havas CEO Fernando Rodés, who resigned on March 8.

Sign up to our newsletters

Company of the Week

USAData helps businesses find new customers and grow their current customers through a combination of data and digital marketing services, and easy-to-use SaaS technology products. We enrich customer data so businesses can more effectively target and communicate with customers, and connect them with their best look-alike prospects through digital and traditional channels. We make it easy through simple, self-serve applications and APIs, as well as through full-service programs managed by our Data and Digital experts. 

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above