Foreign sales lead Havas gain

French media and advertising group Havas SA said its first-half consolidated revenues rose 2.7% to 14.66 billion francs ($ 2.49 billion) compared with the first half of 1992.

The company noted that its business outside France rose 14.7% during the period, while domestic revenues fell 3.4%.

Restated for constant structure and exchange rates, Havas said the overall increase in revenues would have been 3.3%, reflecting stronger business abroad.

The company added thatoperations outside of France generated 38.1% of consolidated revenues during the half, compared with 34.1% in the year-earlier half. It noted that the consolidated revenues include only fully consolidated companies and excludes holdings such as Euro RSCG, CEP, Canal Plus and CLT. These are accounted for by the equity method and appear in consolidated figures only at the earnings level.

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