Omnicom CEO John Wren today reported Q4 revenues dropped 2.2 percent to $4.1B on flat operating profit of $627M.
The ad/PR congom posted a 0.2 percent revenues gain in the US market to $2.1B, while Europe plummeted 7.4 percent to $770.3M, Asia-Pacific fell 2.7 percent to $446.2 and the UK dropped 0.3 percent to $377.2M.
The PR group (FleishmanHillard, Ketchum, Cone, Porter Novelli, Mercury, Portland and Marina Maher Communications) showed a 0.7 percent dip in quarterly revenues to $370M.
That slippage contrasted with a 2.3 percent rise in OMC's advertising business to $2.3B.
On an organic basis, OMC posted a Q4 3.2 percent overall gain. PR was up 1.5 percent vs. a 4.4 percent gain for advertising.
For the full year, PR revenues advanced 1.7 percent to $1.4B, 1.8 percent organically.
OMC posted flat 2018 revenues of $15.2M, while operating profit jumped 2.4 percent to $2.1B.