HAVAS 2012 Revenue

HAVAS 2012 Revenue 
PUTEAUX, FRANCE -- (Marketwire) -- 02/19/13 --  2012 Revenue 
Full year: 

Revenue:                EUR 1,778 million
-- Revenue growth:                    +8%
-- Organic revenue growth:          +2.1%
-- Digital weight:         26% of revenue
Fourth quarter:
Revenue:                  EUR 521 million
-- Revenue growth:                  +5.5%
-- Organic revenue growth:          +1.1%

Net New Business1 for the year: EUR 1,675 million (+22% on 2011) 
David Jones, Havas CEO, said: "2012 was a good year for the Group,
the global economy remains challenged especially in
Europe. Our North America
strengthened in H2 posting good
growth and our performance was strong in LATAM
and APAC. The momentum
at Havas is excellent following the successful rebranding
of our
divisions and the simplification of our structure. We continue to
good new business wins and growth of digital, supported by the
unique co- location of our media, creative and digital teams. The
year risks to be another
challenging one, but these factors, along
with promising activity in January
2013, give us confidence in
Havas's ability to continue to perform." 
Consolidated Group revenue for 2012 was EUR1,778 million, an increase
of 8% over
2011 on an unadjusted basis. Revenue for the 4(th) quarter
of 2012 was EUR521
million compared with EUR492 million for the
equivalent period in 2011, representing growth of +5.5% on an
unadjusted basis. 
Organic growth for the full year was solid at +2.1%. Q4 organic
growth was +1.1% largely impacted by a high baseline compared to Q4
Over the year, the Euro depreciated against the US dollar, producing
a positive
exchange rate impact of EUR41 million for full year 2012
for this currency only.
The total exchange rate impact is EUR63
Digital and social media once again increased their contribution to
Group revenue as the Group pressed ahead with its strategy of putting
these businesses
at the core of all its activities and agencies around
the world. With no significant acquisition over the course of the
year, digital and social media
accounted for 26% of total Group
revenue in 2012. 
Geographic distribution of organic revenue for the 2012 financial
year was as
See table in attached release. 
Europe was close to flat over the full year 2012 with -0.4% in
organic revenue.
France also ended the year close to flat due to its
creative agencies and a strong performance from Havas Media. Havas
Media's performance in Q4 was largely
impacted by a high base in the
prior year's quarter. By sector, corporate and
communications fell back while BETC strengthened its position as
leading French agency as a result of significant organic growth. 
The UK outperformed the rest of Europe in 2012, due in large part to
recent wins
by Havas Worldwide London, to BETC London (a startup
launched just over a year
ago) and to initial strong performance at
our recently acquired Havas Lynx agency, a digital specialist in
healthcare communications. 
2012 full year revenue for the rest of Europe was down by -1.2%. Q4
saw a temporary downturn in media in Spain, Portugal and Switzerland,
while Belgium
and Turkey remained strong. 
North America: The region posted full year growth of +3.3%, proving
dynamic and especially so in Q4, with growth of +6.5%
driven by digital, advertising, healthcare communications and media
Rest of world: Asia-Pacific reported full year growth of +8.7% for
2012. Host
lost the Vodafone Hutchison account which impacted Q4, but
the agency largely
made up for the loss by winning the Coca-Cola
account. Creative and media activities in China continued to perform
well through the year. However IPO PR
consultancy and field marketing
were also soft in the period. The United Arab
Emirates, India and
Singapore were Asia's main growth drivers throughout 2012. 
In Latin America, Argentina, Colombia, Peru and Uruguay delivered
double digit
organic growth throughout the year while Mexico grew
progressively. The biggest
contributions to the region's strong
performance came from digital, media expertise and healthcare
The Group will publish its 2012 annual results on March 21(st), 2013,
after market close. 
Net new business(1) won in 2012 amounted to EUR1,675 million, a 22%
increase on 2011 and one of the best three performances of the past
Among the most significant wins in the fourth quarter of 2012: 
* Havas Worldwide won global data duties for Unilever and was
appointed  digital agency of record for the Snuggle fabric softener
brand. BETC was  chosen as global integrated agency for Louis Vuitton
and Berluti. Havas  Worldwide Munich won institutional communications
and all PR activities for
 Osram worldwide. Havas Media International
France won the global account for
 Deezer. Havas Media Asia Pacific
was appointed global agency for the  Shangri-La Hotels & Resorts
luxury hotel group. Havas Media won the global  account for Remy
Cointreau and Arena Miami won the Natura account for five  markets. 
* On the strength of its integrated offering, Havas won the account
for the
 launch of a second series of euro bank notes for the European
Central Bank:
 Havas Worldwide Duesseldorf will be responsible for
mass media communications
 and international coordination, Havas
Worldwide Amsterdam for online  communications and Havas Media
Frankfurt for media planning and buying in  all 17 Eurozone
countries. In France, Havas Worldwide Paris, Havas Event and
Productions will take the lead on strategic consultancy, PR and
 and Havas Digital will be responsible for the multilingual
* In North America, Havas Worldwide Chicago won digital and eCRM for
 credit cards. 
* In Latin America, Havas Media won MSD, Nacional Monte de Piedad,
Nikon and
 Hard Rock Hotel. 
* Account wins in France included La Poste, McDonald's, Club Med Gym
and GMF;
 in Germany, corporate design for Deutsche Bank; CRM for
L'Oreal in Poland;
 internal communications for sanofi (from New
York), Adecco in Belgium, DHL  in the Philippines, Generali in Italy,
Ricola in the UK and Hermes Parfums
 in China. 
* Purely digital wins included Pizza Hut in Hong Kong, Max Life
Insurance in
 India, Foodpairing in Belgium, H&M in Spain, Perfume
Holdings in twelve  markets, the Philips global account and
children's charity War Child in the
The detailed list of the most significant wins of 2012 is given in
Annex 1. 
In keeping with its strategy and commitment, Havas continued
demonstrate  its
leadership on the CSR front through the following
* Publication of the Group's first Sustainability Report, based on
 provided by our internal CSR reporting tool and shedding
light on the many  initiatives undertaken within the Group and
progress made in meeting its  objectives. 
* As a member of the media planning and buying industry federation
 Havas Media France agency took part in the first
collective "office life"  carbon footprint assessment of leading
media agencies. The process involved gathering data on all the
agencies' activities (media buying, digital) and culminated, thanks
to widespread media cooperation, in a
provisional assessment of
greenhouse gas emissions generated by their TV, press,
Internet and
radio media buying. 
* The 3(rd) One Young World summit (www.oneyoungworld.com) was held
in  P
ittsburgh in October 2012. Dubbed "Young Davos" by CNN, the aim
of One  Young World (co-founded by David Jones and Kate Robertson) is
to provide a  platform for today's young people, the leaders of
tomorrow, to bring about  positive changes in the world. 1,300 young
delegates (all aged under 25)  from 183 countries, accompanied by 40
world famous Counsellors including  former UN Secretary-General Kofi
Annan, former US President Bill Clinton,  Professor Muhammad Yunus
and Twitter founder Jack Dorsey, came together to  create tangible
initiatives to address some of the pressing issues the world
Over 200 firms, among them some of the world's largest including 
Google, Unilever, L'Oreal, Apple, Accenture, Puma and Facebook,
showed their  support by sponsoring delegates. 
A number of Group agencies won recognition for their work in the
fourth quarter
of 2012: "The Bear" by BETC for Canal+ was the world's
most awarded TV spot, not just of 2012 but also in the history of the
Gunn Report. 
At the Cresta Awards, the Group collected 16 awards, including Agency
of the
Year for BETC and Network of the Year for Havas Worldwide. The
Group won awards
in a total of 11 categories (including four for "The
Bear") plus three Grand
Prix awards (two for BETC for "The Bear" and
one for Arnold Boston). 
At the London International Advertising Awards, Group agencies
garnered 13 awards: a Grand Prix for BETC, five Gold (two for BETC
and three for Havas Worldwide London), four Silver (two for Havas
Worldwide New York, one for Arnold
Boston and one for BETC) and three
The Epica Awards brought the Group a total of 19 awards. BETC took
six of them,
including one Gold. BETC London won three awards,
including one Gold. Havas Worldwide London took two, including one
Gold, and Havas Worldwide Paris also
won a Gold. Havas Worldwide
Duesseldorf, Havas Worldwide Zuerich, Havas Tunisia, Havas Worldwide
Helsinki, H Paris, Havas Worldwide Amsterdam and Havas 360 together
accounted for the remainder. 
Eurobest added another 19 awards to the Group's tally, including the
Grand Prix
for BETC's "The Bear", which also scooped another seven
awards including four
Gold. Havas Worldwide London won three awards
and Leg, Havas Worldwide Paris,
Havas Worldwide Amsterdam, Havas
Worldwide Vienna and Arnold Amsterdam were also
At the Cristal Festival, Group agencies notched up a total of 29
awards, including one Grand Prix (BETC) and six Gold (four for BETC,
one for H Paris and one for Havas Worldwide Amsterdam). MPG-MC, Havas
Worldwide London, Leg, W&Cie,
Arena Media, Cake London and Havas
Digital were also among the awards. 
Group agencies also won numerous awards in digital: 
At the Lovies, Havas Worldwide Digital Lisbon won a People's Lovie
and a Silver.
Havas Worldwide Amsterdam and H also each took a
Silver. Havas PR USA was named 3(rd) "Most Social Media Agency in the
World" by Sociagility. 
At the Boomerang Awards, Havas+Palm won in three categories including
best online campaign for Mobiliz. 
At the BIMA Awards, AIS London was named Agency of the Year and took
awards in
three categories for its "Save the 1Day" campaign for Sony
Music/ Syco. 
At the OMMA Awards (for Online Advertising Creativity), the
"Globalize your thinking" campaign for Oppenheimer Funds by MPG Media
Contacts won two awards,
including the coveted "Best in Show". In
other disciplines: 
Fuel Lisbon was named Agency of the Year at the Premios a la Eficacia
and Arena
Media as Media Agency of the Year. 
At the Achap Chile, Havas Worldwide Santiago picked up 17 awards,
including five
At the PR News PR People Award, four members of Havas PR USA took top
including "PR News Hall of Fame" and "Tweeter of the Year". 
At the Key Awards, Havas Worldwide Milan won the special prize as
well as the
"Beverages" category. 
At the W3 Awards, H4B Chelsea won one Gold and five Silver and Havas
two Gold and three Silver awards. 
ANNEX 1: Net New Business 2012 
Havas Creative Group 

Ambank: Euro RSCG Malaysia appointed agency of record
American Eagle Outfitters: Arnold
Atlantic City: Euro RSCG New York appointed agency of record
Banesto: Euro RSCG Spain won digital duties
BBVA: Euro RSCG Colombia won social media business
Burger King: Cake UK chosen as consumer agency in the UK and Ireland
Carlsberg: Euro RSCG APAC won ATL advertising, digital, social media, PR
activation business, all of which will be managed by a cross-market
team based in Singapore, Malaysia and Hong Kong
Claire's Accessories: Euro RSCG Chicago won the global account
DHL: Euro RSCG Mexico won the advertising business
eHarmony: won by Euro RSCG Brazil
EON: EHS 4D won the relational marketing account
Expedia: Euro RSCG 4D Matrix appointed to carry out SEO duties for the
in India
Grupo Vitro: Euro RSCG Mexico won the integrated communications account for
GSK: Euro RSCG Life
Haeagen Dazs: Euro RSCG Middle East won the Haeagen Dazs regional
PR account
Haribo: Euro RSCG Moscow won Haribo's digital business
HBO: Cake UK won the campaign for the DVD release of the Games of Thrones
Ideal Standard: Euro RSCG London chosen to manage pan-European advertising
Idesa: Euro RSCG Middle East won the PR duties
Kraft: Euro RSCG Milan won digital and social media duties for the Fonzies
and digital duties for Hag and Sottilette
La Roche-Posay: Euro RSCG BETC 4D won the digital business
Lycra: Euro RSCG San Francisco appointed global agency of record
Nokia: Euro RSCG appointed to handle digital business for Nokia in India
Pekao Bank: Euro RSCG Warsaw appointed agency of record
Peugeot: Euro RSCG Malaysia appointed to develop the regional launch
for a new auto model and Euro RSCG Prague won a launch event for Peugeot
Sony Playstation: Euro RSCG Chicago won the digital, social media, mobile
experiential business for the PlayStation and PS+ network in the US
Superbock: Euro RSCG Lisbon won the advertising, digital, packaging, point
sale and events duties for Superblock beer
Telefonica: Euro RSCG Prague appointed to handle BTL advertising
Thomas Cook: Euro RSCG London won the advertising account
Volvo China: Arnold
Yili: Euro RSCG China was appointed agency of record for six Yili dairy


Aivoria: Euro RSCG Malaysia won the Elianto, Bonita and Tiamo brands
AXA: Euro RSCG C&O for PR
Bel Brands: Euro RSCG Chicago won the advertising account
Belvedere: Euro RSCG Toronto chosen to handle social media duties
BIC: Euro RSCG Milan chosen for BTL and social media business and Euro RSCG
Dubai for advertising
British Petrol: Project House for digital duties
Chicco: Euro RSCG Sao Paulo chosen for ATL and BTL digital business
Comptoir des Cotonniers: BETC Luxe
Ferrero: Euro RSCG Klan (Turkey) for digital and social media
Giorgio Armani: BETC Luxe chosen to manage advertising for the Giorgio
Fragrance Business (Acqua di Gio, Acqua di Gioia, Code Luna, etc.) and the
Giorgio Armani Beauty business (skin care and make-up)
IBIS hotels: The Red Agency won the PR and communications account for Ibis
(Groupe Accor), and Euro RSCG Dubai won the advertising business for Accor
Intel Asus: Euro RSCG New York
KB Bank: Euro RSCG Prague won the social media business of Komercni
La Caixa: Euro RSCG Spain for La Caixa Private & Personal Banking
Lego: Euro RSCG Prague for social media duties
Novartis: Euro RSCG Life
Parry Nutraceuticals: Euro RSCG 4D Matrix.
P&G: Project House was selected to handle digital business for the
Pantene and Wella brands, and Euro RSCG 4D Milan won the social media
for Nurofen.
Reckitt Benckiser: Euro RSCG Corporate Communications Middle East chosen to
handle PR for Gaviscon, Scholl, Veet and Clearasil
Samsung: BETC London chosen to steer a global project for Samsung Smart TV
Sanofi: C&O appointed to handle internal communications for sanofi France
Sephora: C&O won the international recruitment communications account
Sony Playstation: Euro RSCG Austria chosen for the BTL business
Thalys: Rosa Park won the communications, media, CRM and social media
for Thalys in France, Belgium, Germany and the Netherlands.
Thomas Cook: Euro RSCG PR Manchester
Virgin Mobile: Euro RSCG Sydney appointed as one of Virgin Mobile's
agencies of


AARP: Havas Worldwide Chicago
Coca Cola Light: BETC London
Danone: Havas Worldwide Kuala Lumpur
Danone Activia: Havas Worldwide Melbourne
Danone Infant Nutrition: Havas Worldwide China/Hong Kong
Del Taco: Camp + King
Durex: Havas Worldwide Italy
Energa: Havas PR Warsaw
Fab: Arnold
Hellman's Supreme (Unilever): Havas Worldwide Chile
Jil Sander Fragrances (Coty Prestige): BETC Luxe
Kraft Foods: Havas Worldwide Prague
Lego: Havas Worldwide Prague
Mead-Johnson Infant Nutrition: Havas Life Mexico
National Lottery: Havas Worldwide Brussels
Oddka: Havas Worldwide London & Havas Worldwide PR North America
Pepsico: Havas Worldwide Mexico
Pernod Ricard: Havas Worldwide PR North America
Playstation: Host Australia
Prudential Insurance: Havas PR Warsaw
Seagate: Havas Worldwide London
Sovereign/Santander: Arnold
Staples: Havas Worldwide London
Turismo de Portugal: Havas Worldwide Portugal
Ubisoft/Just4Dance: BETC
VO5 Express Yourself: Havas Worldwide London


Adecco: Boondoggle
Berluti: BETC
Citibank: Havas Worldwide Chicago
Club Med Gym: BETC
Deutsche Bank: Havas Worldwide Dusseldorf
DHL: Havas PR Agatep
ECB: Havas Worldwide Europe
Food Pairing: Boondoggle
Jaguar Land Rover: Havas People UK
L'Oreal: Marketing House in Poland
La Poste: BETC & Havas Worldwide Paris
Louis Vuitton: BETC
Max Life Insurance: Havas Worldwide Delhi
Osram: Havas Worldwide Munich
Pizza Hut: Havas Worldwide Hong Kong
Sanofi: Havas People NY
Unilever: Havas EHS & Havas 360
War Child: Cake

Havas Media Group 

Atlantic City Alliance: MPG Media Contacts USA
Adeslas Segurcaixa: MPG Media Contacts Spain
Bavaria: Arena Media Colombia
Burger King: Havas Sports & Entertainment/Cake UK
Carnival Cruises: MPG Media Contacts UK
Cencosud: Arena Argentina
Center for Disease Control and Prevention: MPG Media Contacts USA
Ceresita: MPG Chile
Dyson: MPG Media Contacts Spain
Edun: MPG Media Contacts USA
Evo/NovaCaixaGalicia: MPG Media Contacts Spain
Freixenet: MPG Germany
Grefusa: MPG Spain
Noelke/Gutfried: MPG Germany
Hawaianas: Havas Media International (Surveys)
Huawei: MPG Germany at pan-European level
Hyundai: MPG China
Lansay: Havas Media France
Lierac/Ales Groupe: Havas Media France
Mundo Fox: MPG Media Contacts USA
Naranya: iGlue Brazil
Nature Bounty: MPG Media Contacts USA
Net-A-Porter.com: MPG Media Contacts
Odesur Juegos Sudamericanos Santiago 2014: Havas Sports & Entertainment
Parle: MPG India
Perfume Holding: Havas Media International Global
Penguin: MPG Media Contacts UK
Pokerstars: MPG Media Contacts Spain
Puig/Paco Rabanne: Havas Sports & Entertainment/Cake Paris
Reckitt Benckiser: MPG Austria and Switzerland
Relais & Chateaux: Havas Media International Europe
Roland Garros: Havas Sports & Entertainment France & Havas Sports &
Entertainment China
Santander: Arena Media Chile and Spain
Sony: Havas Sports & Entertainment Miami
StriVectin: Havas Sports & Entertainment/Cake USA
Grupo Vips: MPG Media Contacts Spain
Whirlpool: Havas Media International Miami


Aeroflot - HVM NEC/Arena Russia. Won France, Italy, Germany, China, Japan,
Azco Nobel - Havas Sports & Entertainment Global - Sponsorship Strategy
Betfair - Arena Media UK
Beauty Prestige International - MPG APAC (six markets)
Corpbanca - Arena Media Colombia
Coty - Havas Media International Paris Consulting project
Desjoyaux - Havas Digital France
Dr. Theiss Naturwaren - MPG Germany
Grupo Planeta (CEAC & Home English) - Arena Spain
Far East Organization - MPG International Singapore - Singapore is main
coordinating agency for media buys in China, Indonesia and Malaysia
Laboratorios Ferrer - MPG MC Spain
Fox en Espanol - MPG USA
Hunkemoller - MPG Netherlands - Account for Spain, Denmark, France and
Hyundai - Havas Media France
Joyoung - Media Contacts China
JTI - Arena UK
Lacoste - Media Contacts UK
Lancome - Media Contacts Brazil
Land's End - MPG Germany
Lenovo - Arena Mexico
Laboratorios Liomont - MPG Mexico
NBA - Media Contacts US
NFL - Media Contacts US
Now TV - Cake UK (Havas Sports & Entertainment) - Launch event and PR
PayPal - MPG MC UK
Procter & Gamble - Mobext Philippines
Qatar Airways - Media Contacts Brazil
Sab Miller - Arena Argentina - Won Miller, Isenbeck, Warsteiner brands
Saudi Telecom - Havas Sports & Entertainment - Sponsorship and content
SNCF - Havas Media International Paris for Europe
Snow Beer - Media Contacts China
Sony - MPG Mexico
Taikang Insurance - Media Contacts China
Temasek Holdings - MPG/MC Singapore
TVS Tyres - MPG India
XL - MPG MC Indonesia


Albemarle & Bond Holdings: Arena Media UK
Alive: Havas Sports & Entertainment UK
Audley Retirement Homes: Arena Media UK
Axa: MPG Germany, MPG Belgium, Media Contacts Spain
Caudalie: Havas Digital France (France, Germany and Spain)
Choice Hotels International: MPG Media Contacts US
City Index: Arena Media UK
Clorox Professional Products: Havas Digital US
Coca Cola Zero: Havas Sports & Entertainment France
Coty: Havas Digital Hungary
Office National Croate de Tourisme: Havas Digital France
Direccion General de Trafico: MPG Media Contacts Spain
DisToyota: Arena Media Colombia
EDF: MPG Media Contacts UK and Havas Sports & Entertainment UK
European Central Bank: MPG Media Contacts Europe
Gas Natural Fenosa: Arena Media Spain & AIS Spain
Honda: Cake/Havas Sports & Entertainment UK
Illva Saronno: MPG Media Contacts UK
Konami: MPG Media Contacts Spain
Lan Airlines: MPG Media Contacts Colombia
Merck: Havas Digital Miami
Mr Porter: MPG International London (UK, US, Australia, Hong Kong and
NBA: Havas Digital USA/Miami
NFL: Havas Digital USA
Omega Pharma: Arena Media Spain
Qatar Airways: Media Contacts/Havas Digital Brazil
Santiago 2014 (Juegos Panamericanos): Havas Sports & Entertainment Chile
Sony Pictures: ignition/Havas Sports & Entertainment LATAM
Sugon: Media Contacts/Havas Digital China
Study Adelaide: Ecselis/Havas Digital Australia
Tata Motors: MPG India
Tyco: MPG Media Contacts USA
Warby Parker: Havas Digital US
We7: Arena Media UK
Whirlpool: MPG Media Contacts Mexico
YFY Investment: MPG China


Adidas: Havas Sports & Entertainment Italy and Havas Sports & Entertainment
Coca Cola: Havas Sports & Entertainment Mexico and Havas Sports &
Deezer: Havas Media International France - Global Account
Generali: Havas Sports & Entertainment Italy
GMF: Havas Sports & Entertainment France
Hard Rock Hotel: LATAM (Digital Media)
Hermes Perfume: Havas Media China
H&M: Arena Media Spain
MSD: Havas Media LATAM (Pan Regional SEO/SEM)
Mouaward: Havas Media Middle East
Nacional Monte de Piedad: Arena Media Mexico
Natura: Arena Miami for five markets
Nikon: Havas Digital Brazil
Pearle: Arena Media Austria
Perfume Holding: Havas Media International France, Saudi Arabia, Indonesia,
India, Philippines, Malaysia, South Korea, Italy, Brazil, Japan, Mexico and
Philips: Global (Search)
Remy Cointreau: Global
Renault Nissan: Havas Media in Colombia and Argentina
Ricola: Arena Media UK
Shangri La: Havas Media Global
Turkey Tourism: Havas Media Germany, UK, Sweden, Norway, Denmark
Volkswagen: Havas Media International Miami (LATAM)
Zambon: Havas Media Europe
ZSL London: Arena UK

ANNEX 2: 2011 Organic Growth by quarter 
See table in attached release. 
About Havas 
Havas (Euronext Paris SA: HAV.PA) is one of the world's largest
global advertising, digital and communications groups. Headquartered
in Paris, Havas
operates through its two Business Units, Havas
Creative and Havas Media. 
Havas Creative Group incorporates the Havas Worldwide
network - formerly Euro RSCG Worldwide -
(316 offices in 75 countries), the Arnold (www.arn.com) micro-network
(16 agencies in countries on 5 continents) as well as several other
strong agencies. 
Havas Media Group (www.havasmedia.com) is the world's fastest growing
media group, operating in over 100 countries, and incorporates two
major commercial
brands: Havas Media (formerly MPG) et Arena. 
A multicultural and decentralized Group, Havas is present in over 100
through its networks of agencies and contractual
affiliations. The Group offers
a broad range of communications
services, including digital, advertising, direct
marketing, media
planning and buying, corporate communications, sales
design, human resources, sports marketing, multimedia
interactive communications
and public relations. Havas employs
approximately 15,000 people. Further information about Havas is
available on the company's website: www.havas.fr 
Forward-Looking Information 
This document contains certain forward-looking statements which speak
only as of the date on which they are made. Forward looking statements
relate to projections, anticipated events or trends, future plans and
strategies, and reflect Havas' current views about future events.
They are therefore subject to inherent risks and uncertainties that
may cause Havas' actual results to differ
materially from those
expressed in any forward-looking statement. Factors that
could cause
actual results to differ materially from expected results
changes in the global economic environment or in the business
environment, and
in factors such as competition and market regulation.
For more information regarding risk factors relevant to Havas, please
see Havas' filings with the AMF (Autorite des Marches Financiers)
(documents in French) and, up to October 2006, with the U.S.
Securities and Exchange Commission (documents in English
only). Havas
does not intend, and disclaims any duty or obligation, to update or
revise any forward-looking statements contained in this document to
reflect new
information, future events or otherwise. 
(1): Net New Business 
Net new business represents the estimated annual advertising budgets
for new
business wins (which includes new clients, clients retained
after a competitive
review, and new product or brand expansions for
existing clients) less the estimated annual advertising budgets for
lost accounts. Havas' management uses
net new business as a
measurement of the effectiveness of its client development
retention efforts. Net new business is not an accurate predictor of
revenues, since what constitutes new business or lost business
is subject to
differing judgments, the amounts associated with
individual business wins and
losses depend on estimated client
budgets, clients may not spend as much as they
budget, the timing of
budgeted expenditures is uncertain, and the amount of budgeted
expenditures that translates into revenues depends on the nature of
the expenditures and the applicable fee structures. In addition,
Havas' guidelines
for determining the amount of new business wins and
lost business may differ
from those employed by other companies. 
Other definitions: 
Organic growth is calculated by comparing revenue for the current
financial period against revenue for the previous financial period
adjusted as follows:
- revenue for the previous financial period is
recalculated using the exchange
rates for the current financial
- to this resulting revenue is added the revenue of companies
acquired between
January 1 of the previous financial period and the
acquisition date for the period in which these companies were not as
yet consolidated; 
- revenue for the previous financial period is also adjusted for the
consolidated revenue of companies disposed of or closed down between
January 1 of the previous financial period and the date of disposal
or closure. Organic growth calculated by this method is therefore
adjusted for variations in exchange rate against the euro, and for
variations in the scope of

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