Half Year 2026 Havas NV Earnings Call Transcript
Key Points
- Havas NV (WBO:HAV2) reported a solid performance with EUR1.3 billion in revenue, supported by a strong organic growth of 2.5%, which is within the midpoint of their full-year guidance.
- The company achieved an adjusted EBIT of EUR150 million, representing a margin of 11%, a 30 basis point improvement compared to the previous year.
- Havas NV's integrated model and strategic investments in AI and data tech have positioned the company as a strong challenger in the market, enhancing their competitive advantage.
- The company has successfully retained several long-standing client relationships and secured new business wins, including a significant contract with Farmers Insurance in the US.
- Havas NV's disciplined M&A strategy resulted in eight acquisitions this year, expanding their expertise in sports marketing, corporate PR, and data space.
- The global context remains volatile, with uncertainties in the Middle East and macroeconomic environment, although Havas NV's exposure to the Middle East is limited.
- The company experienced a negative foreign exchange impact of 3.5% for the first half of the year, affecting overall financial performance.
- Havas NV lost a portion of their contract with Sanofi in the US media sector, which is expected to result in a revenue loss of around 1%.
- The Asia-Pacific region, including the Middle East, reported a negative organic growth of 4.8%, primarily due to challenges in China and regional conflicts.
- The healthcare business in the US grew at a slower pace compared to other segments, impacted by the discontinuation of some molecules after FDA reviews.
Hello everyone and welcome to the Havas half year 2026 results conference call. The speakers today are Yannick Bollore, Chairman and Chief Executive Officer; and Francois Laroze, Chief Financial Officer and Chief Operating Officer. Please note this conference is being recorded (Operator Instructions)
I will now hand you over to your host, Yannick Bollore, to begin the conference. Thank you.
Yeah. Hi, everyone. Thank you for being here with us today and for taking the time. We are very happy to be here at Havas HQ today with Francois Laroze, our CFO, and also Delphine Maillet, our Group Head of IR, to present you the Havas half-year 2026 results.
First, Delphine is asking me that you take a moment to read the disclaimer. Here is the agenda of our presentation. We believe it will last between 20 and 30 minutes, and then we'll have a traditional Q&A session.
If you look back at the first half of the year, we can say we delivered a solid performance
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