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| John Wren |
Omnicom reported flat second quarter revenues of $3.6B and net income of $348M, respectively.
CEO John Wren preferred to highlight OMC’s double-digit organic growth of 11.3 percent.
The Ketchum, Mercury, Porter Novelli, Marina Maher Communications, Portland and FleishmanHillard PR unit posted a robust 13.4 percent reported growth to $392.2. It advanced 15.8 percent on an organic basis.
For the six-month period, the PR operation posted a 13.5 percent rise in revenues to $753.1M.
OMC’s Q2 North American revenues were flat at $1.8B. Continental Europe dropped 3.9 percent to $638.5M, while the UK grew 1.8 percent to $386.4M.
Wren sees better days ahead as OMC helps clients “digitally transform their business, navigate complexity and expand in high-growth areas like retail media and e-commerce.”
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.
Stagwell CEO Mark Penn reported Q4 net revenues dipped 5.6 percent to $551.1M during a “challenging year for marketing services and digital transformation.”
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WPP reported Q4 revenues inched ahead 0.3 percent to $4.1B as CEO Mark Read wrapped up a year that he said was more challenging than expected due to cutbacks, mainly by technology clients.
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