Upcoming Dividend • May 08
Upcoming dividend of €0.80 per share Eligible shareholders must have bought the stock before 15 May 2026. Payment date: 21 May 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Dutch dividend payers (5.0%). In line with average of industry peers (5.2%). Reported Earnings • Apr 01
Full year 2025 earnings released: EPS: €1.93 (vs €1.74 in FY 2024) Full year 2025 results: EPS: €1.93 (up from €1.74 in FY 2024). Revenue: €2.91b (up 1.7% from FY 2024). Net income: €189.0m (up 9.2% from FY 2024). Profit margin: 6.5% (up from 6.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.4% growth forecast for the Media industry in Europe. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €16.95, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Media industry in Europe. Total returns to shareholders of 21% over the past year. Reported Earnings • Feb 19
Full year 2025 earnings released: EPS: €1.93 (vs €1.74 in FY 2024) Full year 2025 results: EPS: €1.93 (up from €1.74 in FY 2024). Revenue: €2.91b (up 1.7% from FY 2024). Net income: €189.0m (up 9.2% from FY 2024). Profit margin: 6.5% (up from 6.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.3% growth forecast for the Media industry in Europe. New Risk • Feb 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Dutch stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Price Target Changed • Jan 13
Price target decreased by 12% to €17.26 Down from €19.50, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of €17.40. Stock is up 15% over the past year. The company is forecast to post earnings per share of €2.05 for next year compared to €1.74 last year. Buy Or Sell Opportunity • Nov 17
Now 194% overvalued after recent price rise Over the last 90 days, the stock has risen 852% to €14.48. The fair value is estimated to be €4.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 0.09% per annum. Earnings are also forecast to grow by 8.8% per annum over the same time period. Announcement • Oct 14
Havas N.V. Confirms Earnings Guidance for Fiscal Year 2025 Havas N.V. Confirmed earnings guidance for fiscal year 2025. The company expects net revenue organic growth: a range of between +2.5% and +3.0% (versus previous guidance of above +2.0%). Announcement • Sep 13
Havas Appoints Alberto Canteli as Executive Chairman Africa Havas announced the appointment of Alberto Canteli as Executive Chairman Africa, effective September 1, 2025. Based in addition to his current role as Chairman and CEO of Havas Nordics, Benelux, Central & Eastern Europe, and the Middle East, Canteli will oversee the Group's strategy and expansion across the African continent. The move follows the recent nomination of Provit Chemmani as CEO Africa, based in Johannesburg, who will report directly to Canteli. Together, the new leadership structure aims to position Africa as a strategic growth driver for Havas' global ambitions, bringing fresh energy and direction to the Group's operations in the region. With a proven track record of leading complex and diverse regions, Canteli has successfully deployed Centers of Excellence worldwide, a model Havas plans to replicate in Africa to accelerate transformation and impact. Canteli will continue his leadership responsibilities across the Nordics, Benelux, Central & Eastern Europe, and the Middle East, ensuring synergy and alignment across these critical markets for Havas' global network. Reported Earnings • Jul 31
First half 2025 earnings released First half 2025 results: Revenue: €1.35b (down 1.5% from 1H 2024). Net income: €74.0m (up 4.2% from 1H 2024). Profit margin: 5.5% (up from 5.2% in 1H 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Media industry in Europe. Announcement • Jul 29
Havas Reaffirms Earnings Guidance for Fiscal Year 2025 Havas reaffirmed earnings guidance for fiscal year 2025. For the period, the company expects Net revenue organic growth above 2.0% compared to 2024. Announcement • Jul 23
Havas N.V. (ENXTAM:HAVAS) acquired TIDART INTERNET SERVICES, S.L. Havas N.V. (ENXTAM:HAVAS) acquired TIDART INTERNET SERVICES, S.L. on July 22, 2025.
Havas N.V. (ENXTAM:HAVAS) completed the acquisition of TIDART INTERNET SERVICES, S.L. on July 22, 2025. Announcement • Jun 23
Havas N.V.(ENXTAM:HAVAS) dropped from FTSE All-World Index (USD) Havas N.V.(ENXTAM:HAVAS) dropped from FTSE All-World Index (USD) New Risk • Jun 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Dutch stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Jun 09
Havas N.V. (ENXTAM:HAVAS) commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on May 28, 2025. Havas N.V. (ENXTAM:HAVAS) commences share repurchases on June 2, 2025, under the program mandated by shareholders in the Annual General Meeting held on May 28, 2025. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital. The price to be paid for repurchases should range from share's nominal value of the Ordinary Shares (at the time of the acquisition) and up to 110% of the market price for the Ordinary Shares on Euronext Amsterdam. The purpose of the program is to use the repurchased shares for short or long term incentive for management or funding of the acquisition. The authorization will be valid for 18 months.
On May 28, 2025, the company announced a share repurchase program. Under the program, the company will repurchase up to 99,181,149 shares, representing 10% of its issued share capital for €50 million. The purpose of the program is to reduce company;s share capital; or to use the shares for short or long-term incentive for management or employees’ share plan. The program will commence from June 2, 2025 and will be valid till the Annual General Meeting of the company in 2026. Announcement • May 28
Havas N.V. Approves the Distribution of Capital the Financial Year 2024, Payable on June 5, 2025 Havas N.V. at its 2025 annual general meeting of shareholders held on May 28, 2025, approved the distribution of capital from the share premium reserve of €0.08 per ordinary share in the capital of the Company in relation to the financial year 2024. The expected payment schedule for the distribution in cash is the following: May 30, 2025: Ex-dividend date. June 2, 2025: Record date. June 5, 2025: Dividend payment date. Announcement • May 07
Havas Announces the Appointment of Nitin Verma as Group Head for Havas Media Network India Havas has announced the appointment of Nitin Verma as group head for Havas Media Network India. He will be based out of Gurugram office. Nitin, who joins from GroupM after working as media planning manager for around 3 years, announced this move on his LinkedIn profile. A seasoned professional with a strong background in media strategy, advertising, and brand management Nitin has a wealth of experience from his previous roles at prominent organizations like The Walt Disney Studios, and Sony Pictures Entertainment. Nitin has pursued MBA in marketing from Mahatma Jyotiba Phule (MJP) Rohilkhand University. Announcement • Apr 17
Havas N.V., Annual General Meeting, May 28, 2025 Havas N.V., Annual General Meeting, May 28, 2025. Location: hotel okura amsterdam, ferdinand bolstraat 333, 1072 lh amsterdam, amsterdam Netherlands Reported Earnings • Apr 16
Full year 2024 earnings released: EPS: €0.17 (vs €0.17 in FY 2023) Full year 2024 results: EPS: €0.17 (up from €0.17 in FY 2023). Revenue: €2.86b (flat on FY 2023). Net income: €173.0m (up 3.6% from FY 2023). Profit margin: 6.0% (up from 5.8% in FY 2023). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Media industry in Europe. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.35, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Media industry in Europe. Announcement • Apr 10
Havas N.V. to Report Q2, 2025 Results on Jul 29, 2025 Havas N.V. announced that they will report Q2, 2025 results After-Market on Jul 29, 2025 Announcement • Mar 20
Havas Appoints Franois Laroze as Global COO Havas has announced the promotion of Francois Laroze to Global Chief Operating Officer (COO), in addition to his existing role as Chief Financial Officer (CFO). This announcement follows the Group's successful listing on Euronext Amsterdam. Francois Laroze has been with Havas since 2007, gaining extensive experience and a deep understanding of the Group's business activities and core processes. In his expanded role as COO, Laroze will collaborate with the Group's Executive Committee to achieve the ambitious goals set for the financial market in both the short and medium term. His responsibilities will include ensuring solid organic growth through client retention, new business development, and in-business development, leveraging the Converged strategy. He will also focus on increasing profitability by maintaining a strong emphasis on cost management and ensuring recurrent cash flow generation. Announcement • Mar 06
Havas N.V. to Report Fiscal Year 2024 Results on Apr 15, 2025 Havas N.V. announced that they will report fiscal year 2024 results at 5:40 PM, Central European Standard Time on Apr 15, 2025 Reported Earnings • Mar 06
Full year 2024 earnings released Full year 2024 results: Revenue: €2.86b (flat on FY 2023). Net income: €173.0m (up 3.6% from FY 2023). Profit margin: 6.0% (up from 5.8% in FY 2023). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Media industry in Europe. Announcement • Feb 06
Havas N.V. (ENXTAM:HAVAS) acquired an unknown majority stake in Absurd Media Group Inc. Havas N.V. (ENXTAM:HAVAS) acquired an unknown majority stake in Absurd Media Group Inc. on February 4, 2025. Absurd Media Group Inc will retain its brand identity within Havas’ portfolio, with founder and CEO Joshua Kreitzer staying at the helm and Greg James, CEO of Havas Media Network North America, overseeing the integration. Absurd Media Group Inc 80 employees will join Havas.
Havas N.V. (ENXTAM:HAVAS) completed the acquisition of an unknown majority stake in Absurd Media Group Inc. on February 4, 2025. Announcement • Jan 09
Havas N.V.Launches 'Shape Shifting' - A Creator-Led Content Platform, Debuting with the GLP-1 Revolution Havas launched Shape Shifting — its first-ever creator-led, serialized content platform focused on the unfolding GLP-1 revolution — at the 2025 Consumer Electronics Show (CES). By combining medical and cultural expertise with episodic content targeted to GLP-1-curious and current users, this platform marks Havas' bold step into building an editorially driven media property. In partnership with Made In Network, one of the world's leading producers and publishers of creator-led programming, Shape Shifting explores the cultural and scientific transformation sparked by GLP-1 medications like Ozempic, Wegovy, and Mounjaro. Amidst the crowded social conversation on the topic, Shape Shifting provides an objective and trusted, science-led alternative to separate fact from fiction. Created in partnership with medical professionals and creative leaders, the series educates audiences on the profound micro and macro shifts in culture associated with GLP-1 use. Shape Shifting offers brands a credible and engaging way to connect with a wide, curious audience while redefining how brands can lead in this new media environment. This groundbreaking first installment focusing on GLP-1 treatments, bridges health, culture, and commerce through trusted storytelling. With Shape Shifting as its first entry in the creator-driven content space, Havas is setting a new standard for how serialized episodic online can turn a brand's given expertise into its greatest asset - building compelling narratives and creating unparalleled engagement in today's modern content-dominated era. Havas is debuting Shape Shifting at CES 2025. The presentation will explore how GLP-1s are driving a cultural shift and why brands must lead with credibility in an online world dominated by creators. Buy Or Sell Opportunity • Dec 19
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at €1.46. The fair value is estimated to be €1.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings are also forecast to grow by 3.7% per annum over the same time period. Announcement • Dec 16
Cathia Lawson-Hall Joins Havas NV's Board Endeavour Mining plc announced in accordance with UK Listing Rule 6.4.9R that Cathia Lawson-Hall, a Non-Executive Director of the Company, is on the board, as a non-executive director, of Havas NV, a company which listed on the Euronext Amsterdam. 
