Organic growth slows for Havas Group in Q1 2023 results

Kalila Welch

April 26, 2023 10:25

French holding group Vivendi has released its Q1 2023 results, reporting €611 million (A$1.011 billion) in revenue for its global subsidiary Havas Group, up 3.5% (+1.1% organic) compared to the first quarter of 2022.

Havas Group reported a net revenue of €588 million (A$973.126 million) which was up 4.4% compared to Q1 2022. Organic growth in net revenue was only up 1.9%, compared to a strong organic growth in Q1 2022 of 11.4%, thanks in part to a rebound in post-Covid activity.

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Kalila Welch

Kalila Welch joined the Mumbrella editorial team in November 2021. She took a brief career break in mid 2023 to complete her Masters of Journalism before returning to Mumbrella for a year.

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