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Beleaguered by a rough North American market and the loss of Dell business in Asia, Havas saw its third-quarter organic growth slow to 1.5 percent, compared to more than 9 percent in the same period a year ago.
The Paris-based holding company reported Q3 revenue of slightly less than $460 million for a 1.5 percent organic gain. By way of comparison, Havas’ rival Publicis Groupe posted a Q3 organic spike of 4 percent.
Ad spending cuts in the tourism and banking sectors in North America precipitated a $20 million Q3 revenue dip in that market to $142 million.
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