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Paris-based holding company Havas today reported 2009 net income of $125 million, down 11.5 percent from last year.
The firm’s revenue was about $1.95 billion, down almost 8 percent in organic terms from the previous year, factoring out the impact of currency fluctuations and acquisitions.
Havas saw some improvement in the fourth quarter, when revenue dropped 4.4. It had dropped 9.2 percent in the previous three quarters.
The company’s overall performance was more or less in line with its competitors, and its dip in profit today generally met analysts’ projections.
During
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