Havas Reports Flat Revenue in 2013

North America hurt results

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Havas, blaming the company’s performance in North America, said 2013 revenue was $2.4 billion, and fourth-quarter revenue came in at $703 million, which was slightly down from the year-earlier period.

The Paris-based holding company said full-year organic growth rose 1 percent and, in the fourth quarter, increased 1.6 percent.

Yannick Bolloré, who succeeded his father Vincent last year at the head of Havas, said in a statement:

“We ended 2013 with growth of 1.6 percent, which represents a significant acceleration over our growth rate in Q1 2013.

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