Havas Sees Drop in Full-Year Revenue

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BOSTON Havas continued to struggle in 2003, reporting a nearly 6 percent full-year revenue dip to approximately $2.1 billion, based on the current rate of exchange.

There was some improvement in the fourth quarter, however, with organic growth dipping 3.8 percent after a nearly 7 percent first-half drop and a 6.5 percent falloff during the first nine months.

The Paris-based holding company said in a statement that it “expects the market to be stronger [this year] than in 2003.



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