Havas (HAVAS) AGM 2025 Presentation summary

Opening remarks and agenda

• Meeting opened with highlights and outlooks, audit report, financial performance, Q&A, and voting on key items.

Financial performance review

• 2024 net revenue reached €2,736M, a 1.5% increase, with organic growth at -0.8% within guidance.

• Adjusted EBIT rose to €338M (+3.4%), with a margin of 12.4% (+30bps), and net cash at €211M after a €150M exceptional dividend.

• Free cash flow conversion was 86%, and staff costs remained nearly flat year-on-year.

• Q1 2025 showed a strong start with net revenue of €649M and organic growth of 2.1%.

Board and executive committee updates

• Several key executive appointments and role expansions were announced, including new COO, Chief Growth Officer, and Chief Client Officer.

• Notable hires from major industry players strengthened leadership in strategy, technology, and client experience.