John Wren
John Wren

Omnicom CEO John Wren reported today that Q2 PR revenues slipped 3.7 percent to $349.3M and 3.6 percent to $683.4M for the first-half.

The FleishmanHillard, Ketchum, Portland, CLS Strategies, Cone, Mercury, Marina Maher Communications and Porter Novelli group dipped 1.3 percent and 0.9 percent, respectively, on an organic basis.

Wren blames negative effects of foreign exchange rates and more divestiture than acquisition activity for the 3.6 percent slippage in Q2 revenue to $3.7B.

Net income moved ahead 1.8 percent to $370.7M during the quarter.

Geographically, Omnicom 2Q revenues dropped 13.4 percent to $674.9M in Continental Europe and 0.7 percent to $361M in the UK.

US revenues were up 0.7 percent to $2B.