Havas: First Quarter 2006 Revenue
2006年5月11日 - 4:40PM
PRニュース・ワイアー (英語)
First Quarter 2006 Revenue of EUR339 Million, Compared With EUR330
Million in Q1 2005 SURESNES, France, May 11 /PRNewswire-FirstCall/
-- Havas announces first quarter 2006 revenue of EUR339 million, up
2.6% on Q1 2005. At constant exchange rates, revenue growth would
have been -2.1%. By comparison with the first quarter of 2005, the
currencies with the most significant impact on performance were the
US dollar and the Canadian dollar. On a like for like basis,
organic growth was -2.4%. 1. General comment The first quarter of
2006 is still suffering from last year's losses. 2. Detailed
comments by region The figures between brackets indicate the
region's Q1 revenue in millions of euro. - France (70, versus 70 in
Q1 2005) France's revenue is stable. Special mention should be made
of the good growth in the traditional advertising and Corporate /
Finance businesses. - Continental Europe (65, versus 60 in Q1 2005)
Europe has continued the growth trend of year-end 2005, largely due
to Spain and Italy. - Great Britain (40, versus 41 in Q1 2005) In
the UK, marketing services, unlike traditional advertising, have
seen their revenue grow. - North America (138, versus 136 in Q1
2005) Q1 2006 is the first quarter not to include the Volkswagen
advertising account. It therefore has the drawback of being
compared with a strong previous period (which included the Intel
and Volkswagen revenues) and was adversely affected by the downturn
in the Healthcare communications sector. Conversely, it was
positively impacted by the stronger dollar. - Asia Pacific (13,
versus 14 in Q1 2005) The region has not yet fully offset the loss
of major accounts in 2005. - Latin America (13, versus 9 in Q1
2005) Though Mexico continues to be the driving force in Latin
America, other countries such as Argentina, Columbia and Chile also
performed well. 3. New Business and creative quality Net new
business stands at EUR620 million for the first quarter of 2006.
The main accounts won in Q1 2006 are as follows: - Traditional
advertising: Disneyland Resort Paris (France, Spain, Great Britain,
Belgium, Germany, Italy, the Netherlands and Scandinavia); Veolia
(France); INNEOV (France and Belgium); LG Electronics (Russia); the
Austrian Post (Austria); IKEA (Czech Republic) ; Thomapyrin de
Boehringer Ingelheim (Germany); ExxonMobil, Lee Jeans, USA Today,
Culligan Water, Assurant Health, Barilla, Cabot Wood Stain, and
Bombay (USA) ; Tourism Western Australia (Australia) - Media:
Goodyear Dunlop (France, Spain, Italy, Portugal, Greece, Belgium,
the Netherlands and Luxemburg); Masterfoods, France's
"Provence-Alpes-Cote-d'Azur" region, Sarbec, and the Accor group's
"Formule 1" hotels (France); Eidos (Great Britain, France and
Germany); De Agostini (Great Britain); Agencia Tributaria, Guia
Campsa and Fnac (Spain); Dialog (Poland); La Costena and Sanborns
(Mexico); ExxonMobil (USA); the Ministry of Health and Ministry of
Citizenship and Immigration (Canada) - Marketing services: Seb
(Spain), Sheraton Hotel (Mexico) - Corporate communications: Orange
(BtoB) worldwide Accounts lost included the Orange BtoC advertising
account for France Telecom in France. The following awards were
received for creativity during the first quarter: The New York
Festival in January 2006 awarded prizes for the following
television commercials: the "Fatboys", "Gumball" and "Our Own
Experts" films for American Legacy, as well as "Hair" and
"Teachers" for Peugeot, and "Lullaby" for Citroen. The Mobius
Awards in February acknowledged the creative work of a number of
Havas agencies (Arnold Boston, Euro RSCG London, Euro RSCG Taipei,
Euro RSCG Sydney and BETC Euro RSCG) who together received 25
awards. At the John Caples International Awards, Havas agencies EHS
Brann, Euro RSCG 4D in New York and Paris received awards for their
creativity in interactive advertising and direct marketing. The
recent Grand Prix de l'A.P.P.M. (Association pour la Promotion de
la Presse Magazine) granted its long-term achievements award to
BETC Euro RSCG for its Air France advertisements since 1999, as
well as its Media and Communications category prize for the 13eme
Rue press campaign. The CyberWon Report, the interactive world's
version of the Gunn Report, ranked the Euro RSCG network 4th
worldwide. For the very first time, a French interactive production
company, Streampower / MPG, received the prestigious Emmy award for
"Best interactive TV program of the year" for its co-production of
"CULT" alongside PPROD for TV channel France 5. 4. Outlook Havas is
clearly moving in the right direction and the high level of net new
business in the first quarter of 2006 enables it to envisage
positive growth in the second half-year. APPENDIX 1: ORGANIC GROWTH
in Q1 2006 Revenue in Organic growth Q1 2006 Q1 2006 vs Q1 2005
(EUR millions) France 70 -1.4% Europe (excl. France and GB) 65
+5.8% Great Britain 40 -2.6% North America 138 -6.7% Asia Pacific
13 -9.5% Latin America 13 +19.1% TOTAL 339 -2.4% APPENDIX 2:
CALCULATION OF ORGANIC GROWTH 1. Q1 2005 Revenue 330 2. Exchange
rate impact +16 3. Q1 2005 revenue at Q1 2006 exchange rates 346 4.
Changes in scope of consolidation: acquisitions, disposals, +1
closures and others 5. Q1 2005 Revenue at Q1 2006 exchange rates
and scope of 347 consolidation 6. Q1 2006 Revenue 339 7. Organic
growth -2,4% About Havas Havas (Euronext Paris: HAV.PA; Nasdaq:
HAVS) is a global advertising and communications services group.
Headquartered in Paris, Havas has three principal operating
divisions: Euro RSCG Worldwide which is headquartered in New York,
Arnold Worldwide Partners in Boston, and Media Planning Group in
Barcelona. A multicultural and decentralized Group, Havas is
present in 77 countries through its networks of agencies located in
44 countries and contractual affiliations with agencies in 33
additional countries. The Group offers a broad range of
communications services, including traditional advertising, direct
marketing, media planning and buying, corporate communications,
sales promotion, design, human resources, sports marketing,
multimedia interactive communications and public relations. Havas
employs approximately 14,400 people. Further information about
Havas is available on the company's website: http://www.havas.com/
Forward-Looking Information This document contains certain
"forward-looking statements" within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions, concerning matters that are not historical facts.
These forward-looking statements reflect Havas' current views about
future events and are subject to risks, uncertainties, assumptions
and changes in circumstances that may cause Havas' actual results
to differ significantly from those expressed in any forward-looking
statement. Certain factors that could cause actual results to
differ materially from expected results include changes in global
economic, business, competitive market and regulatory factors. For
more information regarding risk factors relevant to Havas, please
see Havas' filings with the U.S. Securities and Exchange
Commission. 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 and
retention efforts. Net new business is not an accurate predictor of
future 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 translate 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. [1] Net business wins, expressed in estimated annual
billings. Contacts : Communications: Solenne Anthonioz Tel:
+33-(0)1-58-47-90-27 Investor Relations: Herve Philippe Chief
Financial Officer Tel: +33-(0)1-58-47-91-23 2 allee de Longchamp
92281 Suresnes Cedex, France Tel +33-(0)-1-58-47-90-00 Fax
+33-(0)-1-58-47-99-99 http://www.havas.com/ SA au capital de 171
552 757,20 euros - 335 480 265 RCS Nanterre - APE 744 B DATASOURCE:
Havas CONTACT: Communications: Solenne Anthonioz, Tel:
+33-(0)1-58-47-90-27, ; Investor Relations: Herve Philippe, Chief
Financial Officer, Tel: +33-(0)1-58-47-91-23, ; 2 allee de
Longchamp 92281 Suresnes Cedex, France Tel +33-(0)-1-58-47-90-00
Fax +33-(0)-1-58-47-99-99 http://www.havas.com/
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