By Greg Hazley
French ad/PR holding company Havas said today that 2010 revenues role 8.1% to £1.6B, including a 20% surge in net income to £110M. Organic growth measured 3.5%.
The financial release coincided with the resignation of CEO Fernando Rodes as the company said he expressed a “desire to give a new direction to his personal and family entrepreneurial activities.” He’ll continue to work with Havas in Latin America and the Iberian peninsula as vice chairman.
David Jones, an ad exec who led Havas’ Euro RSCG network, has been named CEO.
Havas, which owns Abernathy MacGregor Group and Euro RSCG Worldwide, said digital business continued to steadily increase to about 19% of its overall revenue, despite no major acquisitions over the past year.
North American revenue rose 6.1% in the fourth quarter to £137M and was up 5.4% for the full year at £509M.
Havas plans to boost its dividend by 25% to 10 cents/share.