Momentum maintained at Havas; APAC growth picked up in Q3'15 to reach +8.1%
Yannick Bolloré, Havas CEO, had this to say: "I would like to thank all our clients for their continued trust which has enabled us to maintain strong momentum over the first nine months of the year with sustained growth of +18.1% on average, resulting in organic growth of +6.0%. This demonstrates that our strategy to drive increased collaboration among our creative, media and digital teams continues to create new business opportunities. With a seamless offering that leverages capabilities from across the group, we are a more valuable partner for our clients and more attractive workplace for top industry talent.
North America once again proved to be a powerhouse for Group results, generating organic growth of 8.5%, thanks in particular to Arnold, Havas Life and Havas WW. Europe continues to deliver robust performance, and Asia-Pacific has made significant progress with a return to double-digit growth. Our agencies in Latin America, on the other hand, have felt the effects of economic tensions in Brazil and Mexico, but nevertheless managed to deliver positive growth over the first nine months of the year.
I would also like to thank all the talented teams that make up the Havas family and have contributed to this success. We are excited about the new talent that has joined the Havas family as a result of our recent acquisitions, among them the FullSIX Group in Europe and the US and Riverorchid in Southeast Asia, that I am sure will further reinforce the Group's development.
On the strength of these very satisfactory results, we can look to the end of 2015 with confidence and enthusiasm."
Europe: Europe sustained a strong growth rate, with Germany, Spain and the Czech Republic posting double-digit organic growth for both the first nine months and the third quarter of 2015. The UK continued to perform well, as did Italy. France grew slightly by 0.6% in Q3. All the businesses contributed to the region's strong overall performance.
North America: Thanks to growth of +8.5% for the first nine months of 2015 and +7.3% in Q3, North America was a major contributor to Group growth. Arnold, Havas Edge and Havas WW Chicago all delivered double-digit growth in excess of 15%. Havas Life also posted solid results.
Asia Pacific: Growth in this region picked up in Q3 2015 to reach +8.1%. For the first 9 months of the year, this growth was led by China, Australia, the United Arab Emirates and Singapore. Winning the AXA and Citroën accounts and additional duties from Peugeot made a major contribution to the region's performance.
Latin America: The economic environment in Brazil and Mexico had a negative impact on agency performance in the region. Even so, strong performance from Argentina, and also from Chile and Peru, produced positive growth over the first nine months of the year.