French communications group Havas' Q3 net revenue rises on acquisitions
French communications group Havas' Q3 net revenue rises on acquisitions
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: ID:nBw55wWtla
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
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(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.)