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Omnicom chief John Wren reported a 9.3 percent tumble in Q4 revenues to $3.8B as the COVID-19 pandemic took a toll on its business. Organic growth dipped 4.9%, to $614.7M.
The PR group (Marina Maher Communications, Portland, FleishmanHillard, Cone, Porter Novelli, Mercury and Ketchum) posted a 1.9 percent drop in reported revenue to $351M and a 5.6 percent decline for the full year to $1.3B.
It was the only unit to post positive Q4 organic growth, +0.2 percent.
Advertising dropped 9.7 percent, CRM consumer experience plunged 15.8 percent, CRM executive & support fell 13.7 percent and healthcare slipped 2.0 percent.
Omnicom reported organic declines across all regions. The US was down 9.4 percent; UK, 12.4 percent; Europe, 9.2 percent; Asia Pacific, 3.9 percent; and Middle East & Africa, 36.8 percent.
Wren expects Omnicom revenues will decline through the first half of 2021.
He warns, "such reductions in revenue could adversely impact our ongoing results of operations and financial position, and the effects could be material."
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Randy Sinclair, who rose to lead investor relations at Chevron during an 11-year run, will move to Northrop Grumman on Aug. 10 as VP-IR.
