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BOSTON Grappling with a somewhat sluggish new-business performance and the continued strength of the euro in relation to the dollar, Havas said it posted a 3.2 percent Q1 organic revenue gain to approximately $455 million, compared to the first three months of 2006.
Organic growth disregards currency fluctuations and the impact of acquisitions. At current exchange rates, the company’s Q1 revenue was flat.
Net new business during the quarter was about $735 million, down about $100 million from Q1 2006, but still nearly 15 percent better than Havas’ average quarterly new-business performance last year.
Q1
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