Softness in Europe Adds to Havas' Revenue Doldrums

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Havas, hit hard by worsening economic conditions in Europe and in marketing services, said fourth-quarter revenue dropped nearly 7 percent to $557.4 million from the same period in 2001. For all of 2002, Havas’ revenue fell 6 percent to $2.15 billion from 2001.

The Paris-based holding company, parent to the Arnold, Euro RSCG and Media Planning agency networks, said that while there was some improvement in the U.S.

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