Trading update
In the process of finalizing its 2024 financial results, Havas N.V. (“Havas”) confirms today it is well positioned to achieve its 2024 objectives, with the following additional details*:
- Net Revenue Organic Growth(1): confirmation of a range narrowed between -1.0% to -0.5%, compared with the initial guidance of a range between -1.0% to 0% versus the financial year ended December 31, 2023.
- Adjusted EBIT(2): range between EUR 335 to 340 million, compared with the initial guidance of above EUR 330 million.
- Net Cash(3) as at December 31, 2024: positive net cash between EUR 180 and 220 million, compared with the initial guidance of around EUR 150 million.
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Next financial event, March 5, 2025:
Full Year 2024 audited and consolidated figures will be released on March 5, 2025 after market hours.
A presentation will be held on the same day at 6:00pm CET during an analyst conference call.
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* Figures included in this press release are non-audited.
(1) Net Revenue: revenue in accordance with IFRS 15 less costs rebilled to customers. Organic Growth: growth achieved through internal business activities at constant currency and perimeter.
(2) Adjusted EBIT: represents net income excluding income taxes, interest, other financial income and expenses, goodwill impairment, earn-out adjustments and restructuring charges.
(3) Net Cash: Long-term debt plus short-term debt, excluding lease liabilities, earn-out obligations and buy-out obligations, minus cash and cash equivalents.
For more information, please contact:
Charlotte Rambaud
Chief Communication Officer
About Havas
Founded in 1835 in Paris, Havas is one of the world’s largest global communications groups, with more than 23,000 people operating in over 100 markets and sharing one mission: to make a meaningful difference to brands, businesses, and people. To meet the needs of its clients, Havas has developed a seamlessly integrated strategy and operating system, Converged, fusing all its global expertise, tools and capabilities, to create, produce, and distribute real-time, optimized, and personalized marketing solutions at scale. With inspired human ideas at the heart of this unique model, supercharged by the latest data, technology and AI, the teams work together with agility and in perfect synergy within Havas Villages to provide clients with tailor-made solutions that support them in their positive transformation. Havas is committed to building a diverse, inclusive, and equitable workplace, that prioritizes the well-being and professional development of its talents. Further information about Havas is available at www.havas.com.
IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING NON-IFRS FINANCIAL MEASURES AND FORWARD-LOOKING STATEMENTS
This press release refers to certain non-IFRS financial measures, or alternative performance measures, used by Havas in analyzing operating trends, financial performance and financial position of the Havas Group and providing investors with additional information considered useful and relevant regarding the results of the Havas Group. These alternative performance measures are not recognized measures under IFRS or any other generally accepted accounting standards, and they generally have no standardized meaning and therefore may not be comparable to similarly labelled measures used by other companies. As a result, none of these alternative performance measures should be considered in isolation from, or as a substitute for, the financial statements and related notes prepared in accordance with IFRS. For a definition of these alternative performance measures, please refer to Section 8.4, “Alternative performance measures” of the prospectus of Havas dated October 30, 2024 and available at www.havas.com (the “Prospectus”).
Certain statements contained herein may be forward-looking statements, including, but not limited to, statements that are predictions of or indicate future events, trends, plans, expectations or objectives. Undue reliance should not be placed on forward-looking statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause the Havas Group’s actual results to differ materially from those expressed or implied in such forward-looking statements. Please refer to Section 1, “Risk Factors” of the Prospectus for a description of certain important factors, risks and uncertainties that may affect the Havas Group’s business and/or results of operations. Havas undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as required by applicable laws and regulations.
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