Havas shares rise as North America growth underpins H1 results

Havas NV

24/07/2026 08:27

** Shares in French advertising company Havas HAVAS.AS rise about 6.6% after posting in-line H1 results driven by  strong performance in North America
** "Solid numbers with no surprises," Berenberg says in a note
** Broker flags the shares trade at a discount and see a potential 13% two-year forward FCF yield
** North America, which represents more than a third of its revenue, grew 6.4% organically during Q2
** H1 adjusted EBIT came in at 150 million euros, lifting the margin by 30bps to 11%
** "That solid margin performance, combined with a better financial result, fed through to earnings growth of almost 14% yoy," Berenberg added
     

(Reporting by Hugo Lhomedet)
((hugo.lhomedet@thomsonreuters.com))