Organic revenue decline of 7.5% in the last quarter of 2020 puts Havas in the middle of the holding companies to have reported so far.
Revenues for 2020 were down almost 12% globally after a tough year.
Q4 revenue's dip was slightly steeper than Q3 due to a heavy reliance on project revenue. Asia recorded the steepest decline in organic revenue in the quarter, down 17.4% year-on-year.
The company took in US$33.88 billion in the quarter ended December 31, although active user numbers rose only slightly.
Operating profit plummeted 84.7% to $40.5 million.
Spokesperson confirms the cost cutting does not include additional staff reductions.
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