Havas repurchases €50 million in shares as buyback program continues

PARIS - French communications group Havas N.V. (EURONEXT:HAVAS) repurchased 462,781 shares at an average price of €1.48 during the week ending November 7, 2025, according to a company statement released Monday. The shares were acquired below the current market price of €1.71, potentially representing good value for the €1.65 billion market cap company.

The latest transactions are part of a €50 million share buyback program that Havas announced on May 28, 2025. Since the program’s inception, the company has repurchased a total of 14,382,135 shares at an average price of €1.50, representing approximately €21.6 million of the authorized amount. With a strong free cash flow yield of 17%, InvestingPro data suggests Havas has ample capacity to fund this buyback program while maintaining its 5.48% dividend yield.

Havas, founded in 1835 in Paris, operates in over 100 markets globally with nearly 23,000 employees. The company provides integrated communications services through its "Converged" operating system, which combines expertise in marketing, data, and technology.

The company reports weekly updates on the progress of its share repurchase program on its corporate website. Based on the current pace of share repurchases, Havas appears to be executing the buyback program steadily since its announcement earlier this year.

Share repurchase programs are commonly used by publicly traded companies to return capital to shareholders and potentially support share prices. The buyback represents one of several capital allocation strategies companies employ alongside dividends and reinvestment in operations. With Havas trading at a P/E ratio of 8.7, significantly below the company’s Fair Value according to InvestingPro analysis, the share repurchases could be viewed as an efficient use of capital. InvestingPro offers additional insights through their comprehensive Pro Research Report, available for Havas and 1,400+ other companies.

In other recent news, Havas reported steady growth in the third quarter of 2025, with revenue reaching €656 million and organic growth hitting 3.8%. The company has upgraded its organic growth guidance for the year to a range of 2.5-3% from above 2%, reflecting its resilience despite a challenging macroeconomic environment. Havas has been actively integrating AI and focusing on profitable growth to navigate these challenges. Additionally, the company has been executing a €50 million share buyback program, repurchasing a total of 13,919,354 shares since its inception. Recent transactions include the repurchase of 464,420 shares between October 27 and October 31, 2025, at an average price of €1.51 per share. Earlier in October, Havas repurchased 546,060 shares and 628,764 shares in separate weekly updates, maintaining an average price around €1.50 per share. These buybacks are part of Havas’s strategic initiatives to enhance shareholder value.

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