Full Year 2025 Havas NV Earnings Call Transcript
Key Points
- Havas NV (HVBVD) achieved an organic growth of 3.1% in 2025, surpassing their guidance of 2.5% to 3%.
- The company improved its profitability, with an adjusted EBIT margin increasing from 12.4% in 2024 to 12.9% in 2025.
- Havas NV (HVBVD) received a gold medal from Ecovadis and a B rating from the Carbon Disclosure Project, highlighting their commitment to sustainability.
- The company successfully retained major clients such as the BBC and won new business from significant clients like the European Commission and Emirates.
- Havas NV (HVBVD) has made significant investments in AI and data tech, including launching a new LLM portal called AVA, which is expected to enhance productivity and efficiency.
- The company faced a negative impact from foreign exchange rates, particularly from the US dollar to the euro.
- Despite organic growth, the total revenue growth was only 1.7% due to the negative impact of foreign exchange.
- Havas NV (HVBVD) is experiencing ongoing pressure from clients to reduce fees, which is a common challenge in the media industry.
- The company anticipates a potential negative impact on revenues in 2026 if the US dollar remains strong against the euro.
- There is uncertainty regarding the tax rate for 2026, with expectations that it may increase from the 2025 level due to some positive one-offs in 2025.
Hello, everyone and welcome to the Havas full-year 2025 results conference. The speakers today are Yannick Bolloré, Chairman and Chief Executive Officer; and François Laroze, Chief Financial Officer and Chief Operating Officer. Please note this conference is being recorded, and for the duration of the call, your lines will be on listen-only.
(Operator Instructions) I will now hand you over to your host Yannick Bolloré to begin the conference. Thank you.
Yeah, thank you very much, and hi, everyone. Thank you very much for making the time to connect to this call. So maybe to start directly if you change the slides, so you first have (technical difficulty) it will take, I'm sure, all the time you need to read it later.
So just in terms of agenda, I'll go first with the highlights and one of the guidance, and François will take a deeper look at the results of 2025, and then we'll jump to the Q&A. So 2025. Of course has been a very important year for Havas
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