Havas: record results for 2024, outlook confirmed

(CercleFinance.com) - Havas shares jumped in Amsterdam on Thursday morning after reporting 'record' results for 2024 and forecasting organic growth of at least 2% this year.


The world's sixth largest advertising group posted sales that are up 1.5% to E2.7bn last year, while its adjusted Ebit increased by 3% to E338m, reaching historic levels in both cases.

For 2025, Havas is still aiming for organic sales growth of over 2%, with an expected adjusted operating margin of between 12.5% and 13.5%.

The latter had already improved by 0.3 percentage points to 12.4% last year.

The company also plans to propose an annual dividend of E0.08 per share to its shareholders, together with a share buyback program covering a maximum of 10% of the capital.

Havas also intends to submit to its next AGM a proposal for a share consolidation, on the basis of ten old shares being exchanged for one new ordinary share.

Following the publication of these results, the Havas share was up over 8%, giving it a market capitalisation of E1.44bn.

Note that since its IPO on 13 December, the share price has fallen by around 19%.


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