By Kevin McCauley
Omnicom today reported a 2.8 percent rise in Q2 net income to $282.7M on a 2.1 percent advance in revenues to $3.6B.
Its Fleishman-Hillard and Ketchum-dominated PR group rose 2.2 percent to $322.2M during the period.
That performance trailed the 3.4 percent rise in advertising revenues to $1.7B, but topped the 2.1 rise in CRM revenues to $1.3B and the 5.7 percent decline to $260.5M for OMC’s specialty sector.
The auto group showed the biggest growth rate, up 20 percent. That was followed by retail (+12.7 percent), consumer products (+7.0 percent) and technology (+4.5 percent).
Sector laggards were telecom (-9.9 percent), travel and entertainment (-6.1 percent) and financial services (-3.1 percent).
CEO John Wren shelled out $113.2M for acquisition outlays so far this year. His second-quarter deals were for London-based PR firm Portland and the adam&eve marketing services outfit. |