Havas repurchases 546,060 shares in weekly buyback program

PARIS - French communications group Havas N.V. (EURONEXT:HAVAS) has repurchased 546,060 of its own shares between October 20 and October 24, 2025, at an average price of €1.50 per share, according to a company statement. The company, currently trading at an attractive P/E ratio of 8.7x and offering a 5.34% dividend yield, appears undervalued according to InvestingPro analysis.

The transactions are part of Havas’s €50 million share buyback program announced on May 28, 2025. The company reports that since the program’s inception, it has repurchased a total of 13,454,934 shares at an average price of €1.50, representing approximately €20.2 million of the allocated funds. With a strong free cash flow yield of 16% and operating with moderate debt levels, the company appears well-positioned to continue its buyback program. InvestingPro subscribers can access 7 additional key insights about Havas’s financial health and growth potential.

Havas, founded in 1835, is one of the world’s largest communications groups with operations in over 100 markets and nearly 23,000 employees. The company provides integrated marketing and communications services through its "Converged" operating model.

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

The repurchased shares represent approximately 0.5% of Havas’s outstanding shares based on the latest transaction data provided in the press release.

In other recent news, Havas reported its financial results for the third quarter of 2025, highlighting a revenue of €656 million, which reflects an organic growth of 3.8%. The company has upgraded its organic growth guidance for the year to a range of 2.5-3%, up from the previous expectation of above 2%. This comes despite the challenging macroeconomic environment, showcasing Havas’s resilience through strategic initiatives such as AI integration and a focus on profitable growth. Additionally, Havas has been active in its share buyback program, purchasing 628,764 shares between October 13 and October 17, 2025, at an average price of €1.5096 per share. This is part of a larger €50 million share repurchase initiative announced earlier in the year. Since the inception of this program, Havas has repurchased a total of 12,908,874 shares. These developments indicate Havas’s ongoing efforts to strengthen its market position and deliver value to its shareholders.

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