Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.
BOSTON Havas on Tuesday posted an 8.6 percent drop in first-quarter revenue to approximately $463 million, compared with the same period a year ago, based on the current rate of exchange.
Excluding the effects of changes in exchange rates and other factors, the organic decline was 5.8 percent, according to the Paris-based holding company, parent to the Arnold, Euro RSCG and Media Planning Group agency networks.
Havas in a statement attributed the dismal performance to “the uncertain geo-political climate,” noting that, “organic growth was more negative in March than in the first two months of the year, particularly in communications and marketing services and mainly in the USA and U.K.,
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in