Havas Warns of 4Q Slowdown

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 Despite achieving 4 percent organic revenue growth in the third quarter to $400 million, compared to the same period last year, Havas today issued a warning for the fourth quarter, projecting a steep decline as the impact of major account losses, such as Volkswagen, kicks in.

In a statement, the Paris-based holding company said, “Following organic growth of 2.8 percent during the first nine months of the year (to $1.2 billion), a strong slowdown is estimated for the last quarter, due notably to the high basis of comparison with fourth quarter 2004 (when organic growth was 4.6

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in