French communications group Havas' Q3 net revenue rises on acquisitions

By Reuters News


Overview

  • Netherlands communications group's Q3 net revenue grew 7.2%, driven by organic growth and acquisitions

  • Company recorded 2.4% organic growth in Q3, led by strong US performance


Outlook

  • Havas confirms 2026 organic net revenue growth guidance of 2.0% to 3.0%

  • Company maintains 2026 adjusted EBIT margin target of 13.2% to 13.5%

  • Company expects market conditions to remain broadly unchanged through year-end


Result Drivers

  • US PERFORMANCE - Organic growth in Q3 was led by strong performance in the United States

  • ACQUISITIONS - Acquisitions of independent agencies contributed 3.2% to net revenue growth in Q3

  • FOREX EFFECT - Favorable currency movements, mainly USD, GBP and ARS, contributed positively to net revenue in Q3


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

EUR 724 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the entertainment production peer group is "buy"

  • Wall Street's median 12-month price target for Havas NV is €20.75, about 14% above its October 13 closing price of €18.20


Reuters Recommended ReadsF

  • Oct 14 - France's Havas revenue rises as US growth offsets regional weakness

  • Oct 13 - Publicis reaffirms outlook as AI-powered marketing demand drives quarterly growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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