Havas Says Adjusted Revenue Rose Three Percent

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BOSTON — Havas Advertising, the No.5 agency holding company, on Wednesday reported revenue of $1.4 billion for the first nine months of the year, based on the current rate of exchange.

Adjusted to account for acquisitions and currency fluctuations, that performance represents an improvement of about 3% compared with the same period a year ago.

Billings for the nine months were slightly more than $9 billion, also an increase of 3% compared with Jan.-Sept. 2000. Paris-based Havas, governed by French financial reporting regulations, did not disclose earnings at this time.

Havas





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