Havas Q3 2013 results disappoint

HavasHavas reported Q3 2013 revenue growth of 1.2% on a like for like basis, which was at the bottom of the range of performances by the world’s largest agencies, Havas has grown more slowly than larger rivals Publicis and WPP because of its exposure to recession-wracked Europe, where it earns roughly half its revenue, and continued revenue declines in North America (down 1.9% in the quarter and down 1.8% year to date).

For the year yo date the group was 0.7% ahead of 2012 on a like for like basis.

For the full press release click Havas