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PARIS - Havas N.V. (EURONEXT:HAVAS) acquired 835,330 of its own shares between August 11 and August 15, 2025, at an average price of €1.5040 per share, the communications group announced Monday. The company, currently trading at a P/E ratio of 8.4x and offering a 5.3% dividend yield, appears undervalued according to InvestingPro analysis.
The transactions are part of the company’s €50 million share buyback program that was initially announced on May 28, 2025.
Since the program’s inception, Havas has repurchased a total of 8,000,721 shares at an average price of €1.4911, according to the press release statement.
The Paris-based communications group provides weekly updates on the progress of its share repurchase program every Monday on its corporate website.
Havas, founded in 1835, operates in over 100 markets globally with approximately 23,000 employees. The company offers integrated communications services through its "Converged" operating system, which combines the group’s expertise, tools and capabilities to create marketing solutions.
The company did not specify in its statement how many additional shares it plans to repurchase under the current program or provide a timeline for the program’s completion.
In other recent news, Havas reported its first-half 2025 financial results, which largely met market expectations. The company achieved a 2.6% organic growth rate in the second quarter, surpassing analyst estimates of 2.5%. However, while EBITA exceeded forecasts, the unadjusted net income was below projections. Despite these mixed results, Havas maintained its full-year 2025 guidance, consistent with its earlier projections. Additionally, Havas announced a share buyback program as part of its capital management strategy. Between August 4 and August 8, 2025, the company repurchased 870,528 shares at an average price of €1.4870 per share. This repurchase is part of the €50 million buyback initiative announced in May 2025. These developments reflect Havas’s ongoing efforts to manage its financial performance and shareholder value.
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