Havas - Net Debt reduced to 79 millions euros in 2008

Havas reported on Monday Full Year 2008 Revenues of 1,568 millions euros, organic growth of 4,7%, Operating Result of 189 millions euros (meaning margin of 12.1%) versus 168 millions (maring of 11%), Net Result of 104 millions versus 83 millions and Net Debt of 79 millions versus 226 millions.

According to ZoneFinance Consensus, based on 9 contributions, Analysts were expecting Revenues of 1,549 millions euros, organic growth of 4.3%, Operating of 178.5 millions, Net Result of 92.8 millions and Net Debt of 239.3 millions.