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BOSTON Havas today reported a modest 2.6 percent rise in first-quarter revenue to $420 million, compared to the first three months of 2005.
At constant exchange rates, revenue fell about 2 percent; on a like-for-like, organic basis, it dipped nearly 2.5 percent, according to the Paris-based holding company.
Havas attributed the sluggish performance in part to several key losses from 2005, including the exit of the North American Volkswagen business from its Arnold and MPG units, as well as the departure of the global Intel account from its MPG and Euro RSCG operations.
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