 John Wren |
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.
WPP CEO Cindy Rose declares her stabilization plan is "firmly on track" as the company reports a 4.7 percent dip in 1H revenues.
FTI Consulting reported a 2.6 percent drop in Q2 strategic communications revenues to $100M, a shortfall largely due to a $7.4M decline in pass-through revenues.
Omnicom CEO John Wren reported a 7.2 percent rise in Q2 “core operations” to $6B and a 6.1 percent spurt on an organic basis.
Publicis Groupe’s H1 net revenues inched ahead by 1.1 percent to $8.3B. Organic growth hit the 4.7 percent mark.
Public Policy Holding Company grew 27.5 percent to $50.1M during Q1, powered by the accelerating contribution from recent acquisitions and a 5.1 percent hike in organic revenues across its three operating segments.
