Be among trailblazing marketing pros at Brandweek this September 23–26 in Phoenix, Arizona. Experience incredible networking, insightful sessions and a boost of inspiration at ADWEEK’s ultimate brand event. Register by May 13 to save 35%.
BOSTON Havas on Thursday reported a 2003 net loss of approximately $475 million, compared with a profit of nearly $50 million the previous year.
The Paris-based holding company said full-year revenue fell more than 17 percent to about $2.1 billion. That figure dipped 6 percent compared with 2002 based on a constant rate of exchange.
The company’s results included an exceptional loss of $275 million, mainly owing to restructuring costs related to layoffs and office closures, and a $265 million charge for goodwill amortization.
According
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in