Eos Energy announces stock offering to fund convertible note buyback
PARIS - Havas N.V. (EURONEXT:HAVAS) has repurchased 367,720 of its own shares between November 10 and November 14, 2025, at an average price of €1.4854 per share, according to a company statement. The current share price stands at €1.67, approximately 28% below InvestingPro's calculated Fair Value, suggesting the buybacks could be a strategic move by the company.
The transactions are part of the €50 million share buyback program that the global communications group announced on May 28, 2025.
Since the program's inception, Havas has repurchased a total of 14,749,855 shares, representing a total investment of €1.5012 million.
The company provides weekly updates on the progress of its share buyback program every Monday on its corporate website.
Havas, founded in 1835 in Paris, operates in over 100 markets globally with approximately 23,000 employees. The company offers integrated communications services through its "Converged" operating system, which combines expertise in creative, media, and data capabilities.
The information was disclosed in a regulatory press release issued by the company.
In other recent news, Havas reported a steady performance for the third quarter of 2025, with revenue reaching €656 million, reflecting an organic growth of 3.8%. The company has upgraded its organic growth guidance for the year to a range of 2.5-3% from above 2%. Despite a challenging macroeconomic environment, Havas has shown resilience through strategic initiatives, including AI integration. Additionally, Havas is actively continuing its €50 million share buyback program, which was announced on May 28, 2025. Recent transactions include the repurchase of 462,781 shares at an average price of €1.48, contributing to a total of 14,382,135 shares repurchased since the program's inception. This buyback activity represents approximately €21.6 million of the authorized amount. The buyback program is part of Havas's ongoing efforts to manage its capital effectively. These developments reflect the company's strategic focus on enhancing shareholder value and maintaining financial stability.
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