SIREN : 377533294
HAVAS VOYAGES is a French company founded 36 years ago, specialized in the sector Activités des agences de voyage. Based in SEVRES (92310), this company of category ETI shows in 2024 a revenue of 108.6 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-09
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 108 556 312 € | 98 999 267 € | 81 558 228 € | 38 075 132 € | 29 903 996 € | 96 482 763 € | 101 889 979 € | 102 667 066 € | 80 911 220 € |
| Net income | 25 165 996 € | 16 816 390 € | 6 954 405 € | -4 495 624 € | -19 305 682 € | 755 416 € | 1 752 140 € | 2 503 955 € | 2 546 490 € |
| EBITDA | 30 560 961 € | 23 491 096 € | 11 343 391 € | -799 631 € | -9 667 174 € | 6 420 529 € | 6 771 179 € | 3 608 836 € | -5 058 901 € |
| Net margin | 23.2% | 17.0% | 8.5% | -11.8% | -64.6% | 0.8% | 1.7% | 2.4% | 3.1% |
In 2024, HAVAS VOYAGES achieves revenue of 108.6 M€. Revenue is growing positively over 9 years (CAGR: +3.7%). Vs 2023: +10%. After deducting consumption (6.7 M€), gross margin stands at 101.9 M€, i.e. a rate of 94%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 30.6 M€, representing 28.2% of revenue. Positive scissor effect: EBITDA margin improves by +4.4 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 25.2 M€, i.e. 23.2% of revenue. This profit can be retained or distributed to shareholders.
108 556 312 €
101 892 220 €
30 560 961 €
31 770 404 €
25 165 996 €
28.1%
The debt ratio (= Financial debt / Equity x 100) stands at 2%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 27%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 23.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
1.692%
27.036%
23.235%
0.043
14.8%
In 2024, the debt ratio of HAVAS VOYAGES (1.69) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2024, the financial autonomy of HAVAS VOYAGES (27.0%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.
In 2024, the repayment capacity of HAVAS VOYAGES (0.04) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.
The liquidity ratio (= Current assets / Current liabilities) stands at 117.30. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 0.1x. Danger: operating income does not cover interest charges, unsustainable situation.
117.296
0.072
In 2024, the liquidity ratio of HAVAS VOYAGES (117.30) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.
In 2024, the interest coverage of HAVAS VOYAGES (0.1x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 106 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 686 days. Excellent situation: suppliers finance 580 days of the operating cycle (retail model). Inventory turnover is 2 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 5 days of revenue, i.e. 1.5 M€ to permanently finance. Notable WCR improvement over the period (-69%), freeing up cash.
1 528 473 €
106 j
686 j
2 j
5 j
Based on 80 transactions of similar company sales
(all years),
the value of HAVAS VOYAGES is estimated at
44 289 616 €
(range 21 532 789€ - 123 604 461€).
With an EBITDA of 30 560 961€, the sector multiple of 1.6x is applied.
The price/revenue ratio is 0.38x
(conservative valuation).
This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.
Medium reliability: estimate to be confirmed with in-depth analysis.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 80 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare HAVAS VOYAGES with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des agences de voyage
The revenue of HAVAS VOYAGES in 2024 is 108.6 M€.
Yes, HAVAS VOYAGES generated a net profit of 25.2 M€ in 2024.
The headquarters of HAVAS VOYAGES is located in SEVRES (92310), in the department Hauts-de-Seine.
The tax return of HAVAS VOYAGES is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).
HAVAS VOYAGES operates in the sector Activités des agences de voyage (NAF code 79.11Z). See the 'Sector positioning' section above to compare the company with its competitors.