Havas repurchases 464,420 shares as part of €50 million buyback program

PARIS - Communications group Havas N.V. (EURONEXT:HAVAS) has repurchased 464,420 of its own shares between October 27 and October 31, 2025, at an average price of €1.51 per share, according to a company statement. The company, currently trading at €1.75, maintains a market capitalization of approximately €1.72 billion.

The transactions are part of Havas’s €50 million share buyback program announced on May 28, 2025. Since the program’s inception, the company has repurchased a total of 13,919,354 shares for a total consideration of €1.50 per share on average. InvestingPro analysis shows Havas is currently undervalued with a strong free cash flow yield of 16% and trades at an attractive P/E ratio of 8.7.

Havas, founded in 1835 in Paris, operates in over 100 markets globally with approximately 23,000 employees. The company provides integrated communications services through its "Converged" operating system, which combines expertise, tools, and capabilities to create marketing solutions.

The company publishes weekly updates on the progress of its share buyback program every Monday on its corporate website.

Share repurchase programs are commonly used by publicly traded companies to return capital to shareholders, potentially increase earnings per share, or provide shares for employee compensation plans.

In other recent news, Havas reported steady growth for the third quarter of 2025, with revenue reaching €656 million, reflecting an organic growth rate of 3.8%. The company has upgraded its annual organic growth guidance to a range of 2.5-3%, up from the previous forecast of above 2%. This adjustment comes despite the challenging macroeconomic conditions, as Havas continues to focus on strategic initiatives like AI integration and profitable growth. In terms of its share buyback program, Havas repurchased 546,060 shares between October 20 and October 24, 2025, at an average price of €1.50 per share. This is part of the €50 million share buyback initiative announced earlier in the year. Prior to this, the company had also repurchased 628,764 shares between October 13 and October 17, 2025. These activities highlight Havas’s ongoing efforts to manage its capital structure effectively.

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