Mumbai: Havas Group has announced a strong financial performance for the first half of 2025, posting organic net revenue growth of +2.3% and an 8.3% year-on-year increase in adjusted EBIT to €144 million. The global communications group also reaffirmed its guidance for the full fiscal year, highlighting continued momentum across business segments and geographies.
The Group’s net revenue reached €1,346 million for the period ending June 30, 2025, with Q2 organic growth accelerating to +2.6%, compared to +2.1% in Q1. Adjusted EBIT margin improved by 50 basis points to 10.7%, compared to 10.2% in H1 2024.
Yannick Bolloré, Chairman and CEO, Havas Group, said, “Havas has delivered a solid first half of the year, achieving organic growth of +2.3% and driving dynamic new business momentum, particularly in North America, along with numerous integrated wins we are especially proud of. The rollout of our global strategy and operating system, launched one year ago and now evolved into Converged.AI to reflect its expanded capabilities, is clearly bearing fruit and delivering meaningful impact for our clients worldwide. As we continue to scale our AI-powered product suite, we are committed to equipping all our teams with the knowledge and tools to fully embrace its potential, ensuring that technology and creativity reinforce one another across every part of our organization. We are maintaining a strong pace in M&A, with five new agency acquisitions completed during the first half of the year, and continue to forge strategic partnerships, most recently with Ostro and YouGov. I would like to take this opportunity to thank all our clients for their continued trust, as well as our teams for their dedication and outstanding creativity that continues to set us apart.”
Havas reported strong growth in North America (+3.9% H1 organic growth), driven by the double-digit performance of Havas Health. Europe posted 1.3% organic growth, with France and the UK contributing significantly in Q2. Latin America delivered 8.6% organic growth in H1, while APAC & Africa experienced a decline of 1.8%, mainly due to reduced client spending in China.
The Group continues to invest in its transformation strategy with the global rollout of Converged.AI, its fully AI-integrated operating system. Havas has committed €400 million by 2027 to accelerate capabilities across data, tech, and AI.
In H1 2025, Havas completed five acquisitions, including CA Sports (Spain), Channel Bakers (USA), Don (Argentina), FMad (France), and Enverta Digital (Canada), strengthening its creative, e-commerce, CRM, and healthcare communication capabilities. Strategic partnerships were also inked with Ostro, an AI platform for life sciences, and YouGov.
The Group celebrated creative excellence with 39 Cannes Lions wins across 15 agencies, including two Grand Prix and Havas India’s first-ever Gold Lion for “Ink of Democracy”.
In terms of financial structure, Havas reported net income of €74 million, up from €71 million in H1 2024. Net cash stood at -€79 million, impacted by FX losses and share buybacks worth €4 million. A reverse share split (1:10 ratio) will be implemented by fall 2025, with no change in share capital value.
Looking ahead, Havas has reaffirmed its full-year 2025 guidance:
- Organic net revenue growth above 2.0%
- Adjusted EBIT margin between 12.5%–13.5%
- Dividend payout ratio of around 40%
Medium-term targets for FY 2028 remain unchanged, with an EBIT margin goal of 14.0%–15%.
The earnings call, hosted by Yannick Bolloré and CFO François Laroze, will take place today at 6:00 pm Paris time. Details are available on the Havas investor relations website.
