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PARIS Havas said its first-quarter revenue dropped 6 percent to $440 million, from $467.2 million in the same period a year ago. Organically, the company’s revenue declined by 8.4 percent, with the company blaming comparisons with a strong Q1 ’08 when Havas posted a 7.4 percent increase.
The French parent of Euro RSCG Worldwide, MPG and Arnold said the results reflected reduced client spending in the financial and healthcare sectors, which dropped 20 percent and 11 percent, respectively.
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