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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 reported a 5.5 percent decline in Q1 PR revenues to $292M as its BCW and Hill & Knowlton units suffered the loss of Pfizer assignments, and cutbacks in client spending due to the economic uncertainty.
Interpublic CEO Philippe Krakowsky said the firm is off to a “solid start to the year” as its flat $2.2B net revenues are in line with 2024 financial targets.
Why financial planning always plays a crucial role in every PR firm’s success.
Omnicom CEO John Wren reports Q1 revenues jumped 5.4 percent to $3.6M, powered by a solid 7.0 percent rise in its advertising & media segment.
Public Policy Holding Company registered 24.1 percent growth to a record $135M during the past year, which included the results of the March 1 acquisition of Multistate Assocs.
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