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HAVAS REPORTS FIRST QUARTER RESULTS

Published on .

(May 9, 2001) -- After a big first quarter for acquisitions, Havas Advertising today reported a 63.8% leap in billings to $3.28 billion from the first quarter of 2000.

But, discounting acquistions and currency fluctuations, billings grew by only 7.9% during the first quarter. Growth was slowest in North America and Asia, at 5% each, but reached double digits in Europe and Latin America, at 10% and 16.4% respectively.

In a conference call with analysts, Chairman-CEO Alain de Pouzilhac said considered it an encouraging sign that April was a strong month for new business gains. See the full story. -- Laurel Wentz

Copyright May 2001, Crain Communications Inc.

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