Vivendi: Havas unveils medium-term targets

(CercleFinance.com) - Havas, Vivendi's communications and marketing subsidiary, unveiled its medium-term targets on Tuesday, ahead of the forthcoming completion of its demerger, expected next month.


At an investor day held today, Havas said that it is targeting an annual adjusted EBIT margin of 14% to 15% by FY 2028.

Before the meeting, Vivendi had said yesterday that it expected an adjusted EBIT margin of 12.5% to 13.5% by end-+2025.

Quoted in a press release, Havas CEO Yannick Bolloré says he wants to focus on value creation and long-term growth.

By way of indication, the company had increased its adjusted EBIT margin by 130bp between 2018 and 2023.

The company's strategic plan, dubbed 'Converged', is designed to support growth in the key areas of creativity, media and healthcare.

The group also expects new acquisitions to contribute between E40m and E50m p.a. to net sales over the medium term.

Subject to Vivendi shareholders' approval on 9 December, Havas is to become a Dutch company, Havas N.V., whose foundation will prevent any hostile takeover.

Should the shareholders' meeting give its go-ahead, Havas shares are set to be first listed on Monday 16 December.


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