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HAVAS FIRST-HALF BILLINGS UP 50%

Published on .

(Aug. 21, 2001) -- Havas Advertising posted first-half revenue of $1.01 billion, an increase of 49.8% over 2000; organic growth was 5.5%, factoring the acquisition of Snyder Communications and excluding other acquisitions and currency effects.

On that adjusted basis, traditional advertising rose only 1.6% while marketing services grew 8.3%. Europe was the fastest-growing region, with a 6.4% increase in adjusted revenue, while Latin America grew 4.5%, North America, 2.4% and Asia decreased 0.5%.

Havas also announced it has acquired an additional 3.6% stake in Tempus PLC and extended its merger offer until Sept. 3 to facilitate the takeover of the media company. -- Mercedes Cardona

Copyright August 2001, Crain Communications Inc.

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