Havas S.A. ^HAVAS.AS

Finances

	2024	2023	2022	2021
Revenue	2.863 B ^{-0.31 %}	2.872 B ^{3.87 %}	2.765 B ^{18.11 %}	2.341 B
Net income	173.000 M ^{3.59 %}	167.000 M ^{-2.34 %}	171.000 M ^{51.33 %}	113.000 M
Income before tax	278.000 M ^{-0.36 %}	279.000 M ^{2.20 %}	273.000 M ^{40.72 %}	194.000 M
Income before tax ratio	0.10 ^{-0.05 %}	0.10 ^{-1.61 %}	0.10 ^{19.14 %}	0.08
EBITDA	415.000 M ^{12.47 %}	369.000 M ^{-13.18 %}	425.000 M ^{26.87 %}	335.000 M
Net income ratio	0.06 ^{3.92 %}	0.06 ^{-5.98 %}	0.06 ^{28.12 %}	0.05
Ratio EBITDA	0.14 ^{12.82 %}	0.13 ^{-16.41 %}	0.15 ^{7.41 %}	0.14
Gross profit ratio	0.96 ^{1.84 %}	0.94 ^{0.18 %}	0.94 ^{-2.02 %}	0.96
Weighted average shs out dil	1.002 B ^{1.04 %}	991.811 M ^{0.00 %}	991.811 M ^{0.00 %}	991.811 M
Weighted average shs out	991.811 M ^{0.00 %}	991.811 M ^{0.00 %}	991.811 M ^{0.00 %}	991.811 M
EPS diluted	0.17 ^{0.00 %}	0.17 ^{0.00 %}	0.17 ^{54.55 %}	0.11
Earnings per share	0.17 ^{0.00 %}	0.17 ^{0.00 %}	0.17 ^{54.55 %}	0.11
Gross profit	2.736 B ^{1.52 %}	2.695 B ^{4.05 %}	2.590 B ^{15.73 %}	2.238 B
Income tax expense	89.000 M ^{-6.32 %}	95.000 M ^{18.75 %}	80.000 M ^{37.93 %}	58.000 M
Cost of revenue	127.000 M ^{-28.25 %}	177.000 M ^{1.14 %}	175.000 M ^{69.90 %}	103.000 M
General and administrative expenses	0.000	0.000	0.000	0.000
Selling and marketing expenses	0.000	0.000	0.000	0.000
Other expenses	2.421 B ^{1.51 %}	2.385 B ^{3.52 %}	2.304 B ^{15.26 %}	1.999 B
Operating expenses	2.421 B ^{1.51 %}	2.385 B ^{3.52 %}	2.304 B ^{15.26 %}	1.999 B
Cost and expenses	2.548 B ^{-0.55 %}	2.562 B ^{3.35 %}	2.479 B ^{17.94 %}	2.102 B
Research and development expenses	0.000	0.000	0.000	0.000
Selling general and administrative expenses	0.000	0.000	0.000	0.000
Interest income	2.000 M ^{-75.00 %}	8.000 M	0.000	0.000
Interest expense	13.000 M ^{-7.14 %}	14.000 M ^{0.00 %}	14.000 M ^{-6.67 %}	15.000 M
Depreciation and amortization	124.000 M ^{121.43 %}	56.000 M ^{-59.42 %}	138.000 M ^{10.40 %}	125.000 M
Operating income	315.000 M ^{1.61 %}	310.000 M ^{8.39 %}	286.000 M ^{19.67 %}	239.000 M
Operating income ratio	0.11 ^{1.93 %}	0.11 ^{4.35 %}	0.10 ^{1.32 %}	0.10
Total other income expenses net	-37.000 M ^{-19.35 %}	-31.000 M ^{-138.46 %}	-13.000 M ^{71.11 %}	-45.000 M
	2024	2023	2022	2021

	2024	2023	2022	2021	2020
Net debt	89.000 M ^{-21.24 %}	113.000 M ^{-46.70 %}	212.000 M ^{10.42 %}	192.000 M ^{-42.34 %}	333.000 M
Total investments	43.000 M ^{-34.85 %}	66.000 M ^{83.33 %}	36.000 M ^{227.27 %}	11.000 M ^{-63.33 %}	30.000 M
Total debt	323.000 M ^{-13.64 %}	374.000 M ^{-13.82 %}	434.000 M ^{-49.24 %}	855.000 M ^{42.03 %}	602.000 M
Accumulated other comprehensive income loss	0.000	0.000	0.000 ^{100.00 %}	-107.000 M	0.000
Retained earnings	0.000	0.000	0.000 ^{-100.00 %}	236.000 M	0.000
Common stock	198.000 M ^{16.47 %}	170.000 M ^{0.00 %}	170.000 M ^{0.00 %}	170.000 M ^{0.00 %}	170.000 M
Total equity	1.907 B ^{-2.65 %}	1.959 B ^{3.76 %}	1.888 B ^{8.63 %}	1.738 B ^{9.45 %}	1.588 B
Other non current liabilities	354.000 M ^{5.67 %}	335.000 M ^{19.64 %}	280.000 M ^{5.26 %}	266.000 M ^{-2.56 %}	273.000 M
Long term debt	227.000 M ^{-21.45 %}	289.000 M ^{-17.43 %}	350.000 M ^{-9.09 %}	385.000 M ^{-6.10 %}	410.000 M
Total non current liabilities	650.000 M ^{-5.80 %}	690.000 M ^{0.73 %}	685.000 M ^{-3.25 %}	708.000 M ^{-7.09 %}	762.000 M
Other current liabilities	1.151 B ^{-8.43 %}	1.257 B ^{3.54 %}	1.214 B ^{1.34 %}	1.198 B ^{20.16 %}	997.000 M
Deferred revenue	0.000	0.000	0.000	0.000	0.000
Short term debt	96.000 M ^{12.94 %}	85.000 M ^{1.19 %}	84.000 M ^{-82.13 %}	470.000 M ^{144.79 %}	192.000 M
Total current liabilities	4.119 B ^{-3.13 %}	4.252 B ^{0.69 %}	4.223 B ^{-3.19 %}	4.362 B ^{20.23 %}	3.628 B
Total liabilities	4.769 B ^{-3.50 %}	4.942 B ^{0.69 %}	4.908 B ^{-3.20 %}	5.070 B ^{15.49 %}	4.390 B
Other non current assets	19.000 M ^{-72.46 %}	69.000 M ^{76.92 %}	39.000 M ^{178.57 %}	14.000 M ^{-56.25 %}	32.000 M
Long term investments	43.000 M	0.000	0.000 ^{-100.00 %}	11.000 M	0.000
Intangible assets	49.000 M ^{-3.92 %}	51.000 M ^{2.00 %}	50.000 M ^{0.00 %}	50.000 M ^{-3.85 %}	52.000 M
GoodWill	2.535 B ^{4.41 %}	2.428 B ^{6.77 %}	2.274 B ^{6.51 %}	2.135 B ^{5.33 %}	2.027 B
Goodwill and intangible assets	2.584 B ^{4.24 %}	2.479 B ^{6.67 %}	2.324 B ^{6.36 %}	2.185 B ^{5.10 %}	2.079 B
Property plant equipment net	443.000 M ^{-12.10 %}	504.000 M ^{-12.20 %}	574.000 M ^{-9.61 %}	635.000 M ^{-5.22 %}	670.000 M
Total non current assets	3.185 B ^{1.21 %}	3.147 B ^{3.69 %}	3.035 B ^{3.23 %}	2.940 B ^{1.98 %}	2.883 B
Other current assets	167.000 M ^{-4.57 %}	175.000 M ^{-4.37 %}	183.000 M ^{31.65 %}	139.000 M ^{3.73 %}	134.000 M
Short term investments	7.000 M ^{-89.39 %}	66.000 M ^{-49.62 %}	131.000 M ^{13.91 %}	115.000 M ^{57.53 %}	73.000 M
cash and cash equivalents	234.000 M ^{-10.34 %}	261.000 M ^{17.57 %}	222.000 M ^{-66.52 %}	663.000 M ^{146.47 %}	269.000 M
Cash and short term investments	241.000 M ^{-26.30 %}	327.000 M ^{-7.37 %}	353.000 M ^{-54.63 %}	778.000 M ^{127.49 %}	342.000 M
Total current assets	3.491 B ^{-7.01 %}	3.754 B ^{-0.19 %}	3.761 B ^{-2.77 %}	3.868 B ^{24.98 %}	3.095 B
Inventory	115.000 M ^{26.37 %}	91.000 M ^{-20.18 %}	114.000 M ^{5.56 %}	108.000 M ^{-31.65 %}	158.000 M
Net receivables	2.968 B ^{-6.11 %}	3.161 B ^{1.61 %}	3.111 B ^{9.43 %}	2.843 B ^{15.52 %}	2.461 B
Tax assets	96.000 M ^{1.05 %}	95.000 M ^{-3.06 %}	98.000 M ^{3.16 %}	95.000 M ^{-6.86 %}	102.000 M
Other assets	0.000	0.000	0.000	0.000	0.000
Account payables	2.692 B ^{-5.34 %}	2.844 B ^{-0.80 %}	2.867 B ^{8.72 %}	2.637 B ^{10.43 %}	2.388 B
Tax payables	180.000 M ^{172.73 %}	66.000 M ^{13.79 %}	58.000 M ^{1.75 %}	57.000 M ^{11.76 %}	51.000 M
Deferred revenue non current	0.000	0.000	0.000	0.000	0.000
Minority interest	26.000 M ^{-7.14 %}	28.000 M ^{12.00 %}	25.000 M ^{-34.21 %}	38.000 M ^{31.03 %}	29.000 M
Capital lease obligations	300.000 M ^{-18.26 %}	367.000 M ^{-13.85 %}	426.000 M ^{-6.37 %}	455.000 M ^{-4.21 %}	475.000 M
Preferred stock	0.000	0.000	0.000	0.000	0.000
Other total stockholders equity	1.683 B ^{-4.43 %}	1.761 B ^{4.02 %}	1.693 B ^{20.84 %}	1.401 B ^{0.86 %}	1.389 B
Deferred tax liabilities non current	69.000 M ^{4.55 %}	66.000 M ^{20.00 %}	55.000 M ^{-3.51 %}	57.000 M ^{-27.85 %}	79.000 M
Other liabilities	0.000	0.000	0.000	0.000	0.000
Total assets	6.676 B ^{-3.26 %}	6.901 B ^{1.55 %}	6.796 B ^{-0.18 %}	6.808 B ^{13.88 %}	5.978 B
	2024	2023	2022	2021	2020

	2024	2023	2022	2021
Deferred income tax	0.000	0.000	0.000	0.000
Stock based compensation	0.000	0.000	0.000	0.000
Change in working capital	-71.000 M ^{-745.45 %}	11.000 M ^{-72.50 %}	40.000 M ^{2.56 %}	39.000 M
Accounts receivables	103.000 M ^{590.48 %}	-21.000 M ^{76.14 %}	-88.000 M ^{71.43 %}	-308.000 M
Inventory	-22.000 M ^{-210.00 %}	20.000 M ^{433.33 %}	-6.000 M ^{-110.71 %}	56.000 M
Accounts payables	0.000	0.000	0.000	0.000
Other working capital	-152.000 M ^{-1 366.67 %}	12.000 M ^{-91.04 %}	134.000 M ^{-53.95 %}	291.000 M
Other non cash items	20.000 M ^{-16.67 %}	24.000 M ^{2 500.00 %}	-1.000 M ^{-103.13 %}	32.000 M
Net cash provided by operating activities	242.000 M ^{-29.03 %}	341.000 M ^{-7.84 %}	370.000 M ^{11.45 %}	332.000 M
Investments in property plant and equipment	-34.000 M ^{2.86 %}	-35.000 M ^{5.41 %}	-37.000 M ^{-42.31 %}	-26.000 M
Acquisitions net	-27.000 M ^{71.88 %}	-96.000 M ^{-166.67 %}	-36.000 M ^{-260.00 %}	-10.000 M
Purchases of investments	0.000	0.000	0.000	0.000
Sales maturities of investments	0.000	0.000	0.000	0.000
Other investing activites	143.000 M ^{286.49 %}	37.000 M ^{133.33 %}	-111.000 M ^{-655.00 %}	20.000 M
Net cash used for investing activites	82.000 M ^{187.23 %}	-94.000 M ^{48.91 %}	-184.000 M ^{-1 050.00 %}	-16.000 M
Debt repayment	-2.000 M ^{0.00 %}	-2.000 M ^{99.50 %}	-398.000 M ^{-246.32 %}	272.000 M
Common stock issued	0.000	0.000	0.000	0.000
Common stock repurchased	0.000 ^{100.00 %}	-18.000 M ^{45.45 %}	-33.000 M ^{-83.33 %}	-18.000 M
Dividends paid	-235.000 M ^{-176.47 %}	-85.000 M ^{-10.39 %}	-77.000 M ^{-133.33 %}	-33.000 M
Other financing activites	-210.000 M ^{-34.62 %}	-156.000 M ^{4.29 %}	-163.000 M ^{0.61 %}	-164.000 M
Net cash used provided by financing activities	-447.000 M ^{-84.71 %}	-242.000 M ^{62.07 %}	-638.000 M ^{-939.47 %}	76.000 M
Effect of forex changes on cash	23.000 M ^{182.14 %}	-28.000 M ^{-227.27 %}	22.000 M ^{-50.00 %}	44.000 M
Net change in cash	-100.000 M ^{-334.78 %}	-23.000 M ^{94.65 %}	-430.000 M ^{-198.62 %}	436.000 M
Cash at beginning of period	322.000 M ^{-6.67 %}	345.000 M ^{-55.48 %}	775.000 M ^{128.61 %}	339.000 M
Cash at end of period	222.000 M ^{-31.06 %}	322.000 M ^{-6.67 %}	345.000 M ^{-55.48 %}	775.000 M
Operating cash flow	242.000 M ^{-29.03 %}	341.000 M ^{-7.84 %}	370.000 M ^{11.45 %}	332.000 M
Capital expenditure	-34.000 M ^{2.86 %}	-35.000 M ^{5.41 %}	-37.000 M ^{-42.31 %}	-26.000 M
Free CashFlow	208.000 M ^{-32.03 %}	306.000 M ^{-8.11 %}	333.000 M ^{8.82 %}	306.000 M
	2024	2023	2022	2021

	2025-06-30	2024-12-31	2024-06-30	2023-12-31	2023-06-30
Revenue	1.408 B ^{-5.95 %}	1.497 B ^{9.59 %}	1.366 B ^{-12.10 %}	1.554 B ^{17.91 %}	1.318 B
Net income	74.000 M ^{-27.45 %}	102.000 M ^{43.66 %}	71.000 M ^{-29.70 %}	101.000 M ^{53.03 %}	66.000 M
Income before tax	117.000 M ^{-25.00 %}	156.000 M ^{27.87 %}	122.000 M ^{-27.81 %}	169.000 M ^{53.64 %}	110.000 M
Income before tax ratio	0.08 ^{-20.26 %}	0.10 ^{16.68 %}	0.09 ^{-17.88 %}	0.11 ^{30.30 %}	0.08
EBITDA	162.000 M ^{-34.41 %}	247.000 M ^{34.97 %}	183.000 M ^{-7.58 %}	198.000 M ^{15.79 %}	171.000 M
Net income ratio	0.05 ^{-22.87 %}	0.07 ^{31.09 %}	0.05 ^{-20.03 %}	0.06 ^{29.79 %}	0.05
Ratio EBITDA	0.12 ^{-30.27 %}	0.16 ^{23.16 %}	0.13 ^{5.14 %}	0.13 ^{-1.80 %}	0.13
Gross profit ratio	0.29 ^{-11.68 %}	0.33 ^{16.35 %}	0.28 ^{-9.87 %}	0.32 ^{-81.11 %}	1.67
Weighted average shs out dil	999.003 M ^{-36.70 %}	1.578 B ^{270.33 %}	426.138 M ^{-72.64 %}	1.557 B ^{57.03 %}	991.811 M
Weighted average shs out	1.057 B ^{-34.75 %}	1.620 B ^{280.16 %}	426.140 M ^{-72.64 %}	1.557 B ^{57.03 %}	991.811 M
EPS diluted	0.07 ^{11.11 %}	0.06 ^{-62.18 %}	0.17 ^{157.10 %}	0.06 ^{-38.40 %}	0.11
Earnings per share	0.07 ^{14.07 %}	0.07 ^{-60.74 %}	0.17 ^{157.10 %}	0.06 ^{-38.40 %}	0.11
Gross profit	412.000 M ^{-16.94 %}	496.000 M ^{27.51 %}	389.000 M ^{-20.77 %}	491.000 M ^{-77.72 %}	2.204 B
Income tax expense	37.000 M ^{-9.76 %}	41.000 M ^{-14.58 %}	48.000 M ^{-11.11 %}	54.000 M ^{31.71 %}	41.000 M
Cost of revenue	996.000 M ^{-0.50 %}	1.001 B ^{2.46 %}	977.000 M ^{-8.09 %}	1.063 B ^{219.98 %}	-886.000 M
General and administrative expenses	0.000	0.000	0.000	0.000	0.000
Selling and marketing expenses	0.000	0.000	0.000	0.000	0.000
Other expenses	275.000 M ^{-8.33 %}	300.000 M ^{14.07 %}	263.000 M ^{-10.85 %}	295.000 M ^{-85.89 %}	2.090 B
Operating expenses	278.000 M ^{-9.15 %}	306.000 M ^{15.91 %}	264.000 M ^{-11.71 %}	299.000 M ^{-85.67 %}	2.086 B
Cost and expenses	1.274 B ^{-2.52 %}	1.307 B ^{5.32 %}	1.241 B ^{-8.88 %}	1.362 B ^{13.50 %}	1.200 B
Research and development expenses	0.000	0.000	0.000	0.000	0.000
Selling general and administrative expenses	3.000 M ^{-50.00 %}	6.000 M ^{500.00 %}	1.000 M ^{-75.00 %}	4.000 M ^{200.00 %}	-4.000 M
Interest income	0.000	0.000	0.000	0.000 ^{-100.00 %}	8.000 M
Interest expense	0.000	0.000	0.000	0.000 ^{-100.00 %}	14.000 M
Depreciation and amortization	21.000 M ^{-56.25 %}	48.000 M ^{-14.29 %}	56.000 M	0.000 ^{-100.00 %}	56.000 M
Operating income	134.000 M ^{-29.47 %}	190.000 M ^{52.00 %}	125.000 M ^{-34.90 %}	192.000 M ^{62.71 %}	118.000 M
Operating income ratio	0.10 ^{-25.02 %}	0.13 ^{38.70 %}	0.09 ^{-25.94 %}	0.12 ^{38.00 %}	0.09
Total other income expenses net	-17.000 M ^{50.00 %}	-34.000 M ^{-1 033.33 %}	-3.000 M ^{86.96 %}	-23.000 M ^{-187.50 %}	-8.000 M
	2025-06-30	2024-12-31	2024-06-30	2023-12-31	2023-06-30

	2025-06-30	2024-12-31	2024-06-30	2023-12-31
Net debt	404.000 M ^{353.93 %}	89.000 M ^{-66.03 %}	262.000 M ^{131.86 %}	113.000 M
Total investments	47.000 M ^{9.30 %}	43.000 M ^{0.00 %}	43.000 M ^{-34.85 %}	66.000 M
Total debt	725.000 M ^{124.46 %}	323.000 M ^{-26.59 %}	440.000 M ^{17.65 %}	374.000 M
Accumulated other comprehensive income loss	-133.000 M ^{-68.35 %}	-79.000 M ^{-19.70 %}	-66.000 M ^{10.81 %}	-74.000 M
Retained earnings	-1.503 B ^{-1.28 %}	-1.484 B ^{-453.33 %}	420.000 M ^{-3.23 %}	434.000 M
Common stock	198.000 M ^{0.00 %}	198.000 M ^{16.47 %}	170.000 M ^{0.00 %}	170.000 M
Total equity	1.755 B ^{-7.97 %}	1.907 B ^{-2.36 %}	1.953 B ^{-0.31 %}	1.959 B
Other non current liabilities	338.000 M ^{-4.52 %}	354.000 M ^{2.91 %}	344.000 M ^{2.69 %}	335.000 M
Long term debt	225.000 M ^{-0.88 %}	227.000 M ^{-10.98 %}	255.000 M ^{-11.76 %}	289.000 M
Total non current liabilities	623.000 M ^{-4.15 %}	650.000 M ^{-3.42 %}	673.000 M ^{-2.46 %}	690.000 M
Other current liabilities	1.407 B ^{22.24 %}	1.151 B ^{-14.93 %}	1.353 B ^{7.64 %}	1.257 B
Deferred revenue	0.000	0.000	0.000	0.000
Short term debt	500.000 M ^{420.83 %}	96.000 M ^{-48.11 %}	185.000 M ^{117.65 %}	85.000 M
Total current liabilities	4.260 B ^{3.42 %}	4.119 B ^{-0.31 %}	4.132 B ^{-2.82 %}	4.252 B
Total liabilities	4.883 B ^{2.39 %}	4.769 B ^{-0.75 %}	4.805 B ^{-2.77 %}	4.942 B
Other non current assets	28.000 M ^{47.37 %}	19.000 M ^{-20.83 %}	24.000 M ^{-65.22 %}	69.000 M
Long term investments	47.000 M ^{9.30 %}	43.000 M ^{0.00 %}	43.000 M	0.000
Intangible assets	48.000 M ^{-2.04 %}	49.000 M ^{-2.00 %}	50.000 M ^{-1.96 %}	51.000 M
GoodWill	2.486 B ^{-1.93 %}	2.535 B ^{0.28 %}	2.528 B ^{4.12 %}	2.428 B
Goodwill and intangible assets	2.534 B ^{-1.93 %}	2.584 B ^{0.23 %}	2.578 B ^{3.99 %}	2.479 B
Property plant equipment net	426.000 M ^{-3.84 %}	443.000 M ^{-4.32 %}	463.000 M ^{-8.13 %}	504.000 M
Total non current assets	3.107 B ^{-2.45 %}	3.185 B ^{-0.09 %}	3.188 B ^{1.30 %}	3.147 B
Other current assets	64.000 M ^{-61.68 %}	167.000 M ^{135.21 %}	71.000 M ^{-59.43 %}	175.000 M
Short term investments	41.000 M ^{485.71 %}	7.000 M ^{-88.89 %}	63.000 M ^{-4.55 %}	66.000 M
cash and cash equivalents	321.000 M ^{37.18 %}	234.000 M ^{31.46 %}	178.000 M ^{-31.80 %}	261.000 M
Cash and short term investments	362.000 M ^{50.21 %}	241.000 M ^{0.00 %}	241.000 M ^{-26.30 %}	327.000 M
Total current assets	3.531 B ^{1.15 %}	3.491 B ^{-2.21 %}	3.570 B ^{-4.90 %}	3.754 B
Inventory	134.000 M ^{16.52 %}	115.000 M ^{-11.54 %}	130.000 M ^{42.86 %}	91.000 M
Net receivables	2.971 B ^{0.10 %}	2.968 B ^{-5.12 %}	3.128 B ^{-1.04 %}	3.161 B
Tax assets	72.000 M ^{-25.00 %}	96.000 M ^{20.00 %}	80.000 M ^{-15.79 %}	95.000 M
Other assets	0.000	0.000	0.000	0.000
Account payables	2.330 B ^{-13.45 %}	2.692 B ^{4.58 %}	2.574 B ^{-9.49 %}	2.844 B
Tax payables	23.000 M ^{-87.22 %}	180.000 M ^{800.00 %}	20.000 M ^{-69.70 %}	66.000 M
Deferred revenue non current	0.000	0.000	0.000	0.000
Minority interest	30.000 M ^{15.38 %}	26.000 M ^{-7.14 %}	28.000 M ^{0.00 %}	28.000 M
Capital lease obligations	295.000 M ^{-1.67 %}	300.000 M ^{-8.81 %}	329.000 M ^{-10.35 %}	367.000 M
Preferred stock	0.000	0.000	0.000	0.000
Other total stockholders equity	3.163 B ^{-2.56 %}	3.246 B ^{131.69 %}	1.401 B ^{0.00 %}	1.401 B
Deferred tax liabilities non current	60.000 M ^{-13.04 %}	69.000 M ^{-6.76 %}	74.000 M ^{12.12 %}	66.000 M
Other liabilities	0.000	0.000	0.000	0.000
Total assets	6.638 B ^{-0.57 %}	6.676 B ^{-1.21 %}	6.758 B ^{-2.07 %}	6.901 B
	2025-06-30	2024-12-31	2024-06-30	2023-12-31

	2025-06-30	2024-12-31	2024-06-30	2023-12-31	2023-06-30
Deferred income tax	0.000	0.000	0.000	0.000	0.000
Stock based compensation	2.000 M ^{-81.82 %}	11.000 M	0.000 ^{-100.00 %}	3.000 M ^{200.00 %}	-3.000 M
Change in working capital	100.000 M ^{334.78 %}	23.000 M ^{-75.53 %}	94.000 M ^{151.93 %}	-181.000 M ^{-194.27 %}	192.000 M
Accounts receivables	99.000 M ^{861.54 %}	-13.000 M ^{-111.71 %}	111.000 M ^{173.51 %}	-151.000 M ^{-216.15 %}	130.000 M
Inventory	-28.000 M ^{-300.00 %}	14.000 M ^{138.89 %}	-36.000 M ^{-427.27 %}	11.000 M ^{22.22 %}	9.000 M
Accounts payables	0.000	0.000	0.000	0.000	0.000
Other working capital	29.000 M ^{31.82 %}	22.000 M ^{15.79 %}	19.000 M ^{146.34 %}	-41.000 M ^{-177.36 %}	53.000 M
Other non cash items	-292.000 M ^{-339.34 %}	122.000 M ^{139.87 %}	-306.000 M ^{-182.26 %}	372.000 M ^{206.90 %}	-348.000 M
Net cash provided by operating activities	-59.000 M ^{-118.04 %}	327.000 M ^{484.71 %}	-85.000 M ^{-122.25 %}	382.000 M ^{1 031.71 %}	-41.000 M
Investments in property plant and equipment	0.000 ^{100.00 %}	-29.000 M	0.000 ^{100.00 %}	-30.000 M ^{-500.00 %}	-5.000 M
Acquisitions net	-16.000 M ^{-14.29 %}	-14.000 M ^{0.00 %}	-14.000 M ^{65.85 %}	-41.000 M ^{25.45 %}	-55.000 M
Purchases of investments	0.000	0.000	0.000	0.000	0.000
Sales maturities of investments	0.000	0.000	0.000	0.000	0.000
Other investing activites	-4.000 M ^{-116.67 %}	24.000 M ^{-79.13 %}	115.000 M ^{226.37 %}	-91.000 M ^{-171.09 %}	128.000 M
Net cash used for investing activites	-20.000 M ^{-5.26 %}	-19.000 M ^{-118.81 %}	101.000 M ^{162.35 %}	-162.000 M ^{-338.24 %}	68.000 M
Debt repayment	0.000	0.000	0.000	0.000 ^{100.00 %}	-2.000 M
Common stock issued	0.000	0.000	0.000	0.000	0.000
Common stock repurchased	-4.000 M	0.000	0.000	0.000 ^{100.00 %}	-18.000 M
Dividends paid	-79.000 M ^{47.33 %}	-150.000 M ^{-76.47 %}	-85.000 M	0.000 ^{100.00 %}	-85.000 M
Other financing activites	342.000 M ^{283.87 %}	-186.000 M ^{-615.38 %}	-26.000 M ^{86.93 %}	-199.000 M ^{-562.79 %}	43.000 M
Net cash used provided by financing activities	259.000 M ^{177.08 %}	-336.000 M ^{-202.70 %}	-111.000 M ^{44.22 %}	-199.000 M ^{-362.79 %}	-43.000 M
Effect of forex changes on cash	-59.000 M ^{-493.33 %}	15.000 M ^{87.50 %}	8.000 M ^{144.44 %}	-18.000 M ^{-80.00 %}	-10.000 M
Net change in cash	0.000 ^{100.00 %}	-234.000 M	0.000	0.000 ^{100.00 %}	-23.000 M
Cash at beginning of period	0.000	0.000	0.000	0.000 ^{-100.00 %}	345.000 M
Cash at end of period	0.000	0.000	0.000	0.000 ^{-100.00 %}	322.000 M
Operating cash flow	-59.000 M ^{-118.04 %}	327.000 M ^{484.71 %}	-85.000 M ^{-122.25 %}	382.000 M ^{1 031.71 %}	-41.000 M
Capital expenditure	0.000 ^{100.00 %}	-29.000 M	0.000 ^{100.00 %}	-30.000 M ^{-500.00 %}	-5.000 M
Free CashFlow	-59.000 M ^{-119.80 %}	298.000 M ^{450.59 %}	-85.000 M ^{-124.15 %}	352.000 M ^{865.22 %}	-46.000 M
	2025	2024	2024	2023	2023

Date	Form 10K
2024
2023
2022
2021

Havas S.A. HAVAS.AS

Finances

Havas S.A. ^HAVAS.AS