Havas earnings up 50.9%

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Havas Advertising Group, Levallois, France, reported earnings before interest and taxes soared 50.9% to $135.7 million in fiscal 1999. Gross income rose 38.2% to $1.1 billion. Excluding contributions from acquisitions and currency exchange rate fluctuations, gross income increased 12.7%. For first quarter 2000, "We are off to a strong start . . . when our billings grew by an industry-leading 39.5%" to $1.98 billion, said Alain de Pouzilhac, chairman-CEO of Havas, whose holdings include Euro RSCG Worldwide.

Copyright May 2000, Crain Communications Inc.

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