Havas Survives 2005 With Revenues Down Just 2%

13 February 2006

    PARIS - The globe's fifth-largest marketing services holding company survived a year of ongoing trauma in 2005 with revenues down by just two percent to €1.75 billion ($2.09bn; £1.2bn).
    Among the travails endured by Havas were an a management takeover by French corporate raider Vincent Bolloré, the ensuing upheaval, and a number of major account losses - among them Intel and Volkswagen.
    Havas, in common with other French headquartered companies, reports revenues and net income separately. It will announce the latter in March.