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Havas beats predictions.(advertising agencies)(Brief Article)
The French group's results show revenues have fallen, but not as far as expected.
The French advertising group Havas, which earlier this week appointed David Jones as the chief executive of its Euro RSCG Worldwide network, has announced better-than-expected results for the first half of 2005.
However, total revenues fell from EUR748 million in the first six months of 2004 to EUR700 million in the same period this year. The decline was chiefly attributable to the disposal of Havas assets in late 2004. Organic revenue growth was 2.2 per cent, better than the 1.7 per cent predicted by analysts.
Jones, previously the chief executive of Euro RSCG's New York operation, was installed as the Euro RSCG head following Jim Heekin's departure on Monday.
His appointment comes as part of a continuing overhaul of Havas, orchestrated by its chairman, Vincent Bollore.
Euro RSCG is now ex-pected to be strengthened through acquisition. Jones said: 'What Bollore and ...
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