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BOSTON Havas today reported 2006 revenue of $1.9 billion, essentially flat compared with the pervious 12-month period.
In organic growth terms, factoring out fluctuations in exchange rates and consolidation factors, the performance was likewise flat.
The company trumpeted “real growth in annual revenue” for the first time in five years, though that growth was 1 percent or less regardless of the method of calculation.
A weak U.S. dollar in the fourth quarter was largely to blame for a late-year loss of momentum, according to a statement from the Paris-based holding company, which owns the Arnold, Euro RSCG and MPG agency networks.
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