 |
| John Wren |
Omnicom CEO John Wren reports Q4 growth was up 2.6 percent to $3.9B and operating profit showed a 1.3 percent uptick to $622.5M.
Revenues for 2021 jumped 8.5 percent to $14.3B. Operating income surged 37.5 percent to $599M.
The FleishmanHillard, Marina Maher, CLS Strategies, Porter Novelli, Mercury, Cone and Portland PR group registered a 4.4 percent advance in revenues during Q4 to $368.9M.
The PR division for the full year was up 6.2 percent to $1.4B in revenues.
Wren highlighted OMC's organic growth of 9.5 percent for the quarter.
That performance included a 7.8 percent growth in the US, 10.1 percent in the UK, 12.7 percent in Continental Europe and 7.8 percent in Asia-Pacific.
Wren is "optimistic in our 2022 outlook and expects to continue to build on our firm's long-term record of improving profitability and sustained value creation."
He warned that global economic conditions might continue to be volatile as long as the COVID-19 pandemic remains a public health threat, which could impact client spending.
Institutional Shareholder Services advises investors to vote "no" on a compensation package for WPP chief Cindy Rose at the May 8 annual meeting.
FTI Consulting chalked up a 9.5 percent rise in Q1 revenues to $983.3M, powered by gains in its PR, corporate finance and technology segments.
Stagwell reports 4 percent growth in Q1 net revenues to $585M and a record $141M in net new business wins.
WPP reported a 6.7 percent drop to $3.1B in Q1 like-like revenues less pass-through costs. CEO Cindy Rose says 'it will take time to outpace historical losses."
Omnicom CEO John Wren reports Q1 revenues from “core operations” rose 6.7 percent to $5.6B, driven in part by a 3.9 percent boost in organic growth.
