Havas Advertising Group, headquartered in France, reported earnings before interest and taxes up by 50.9% to $135.7 million in fiscal 1999. Gross income rose 38.2% to $1.1 billion. The group, whose interests include the Euro RSCG Worldwide network, also posted a 12.7% increase in gross income excluding currency fluctuations and contributions from new acquisitions.
Reporting on the first quarter of the current fiscal, Alain de Pouzilhac, Havas chairman-CEO, said: "We are off to a strong start . . . our billings grew by an industry-leading 39.5%" to $1.98 billion.”
News source: Advertising Age - Daily Deadline