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| 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.
WPP chief Cindy Rose is cutting up to 1,000 jobs by the end of the year, adding to the 11K jobs lost since the start of 2025, according to a report in the Financial Times.
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.
