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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.”
Public Policy Holding Company registered 23.8 percent Q3 growth to $48.8M, with organic growth contributing 4.5 percent and the balance driven by merger & acquisition activity.
Publicis Groupe reported 3.1 percent in Q3 growth to $4B, sparked by a 3.6 percent jump North America, its biggest market.
WPP suffered a 10.2 percent drop in 1H revenues to $6.7B and a 47.8 percent plunge in operating profit to $297M.
Interpublic reported Q2 net revenues dropped 6.6 percent to $2.2B and operating income tumbled 23.4 percent to $243.7M. 
WPP has adopted a gloomier profit and sales forecast due to a deteriorating Q2 financial performance triggered by weak client spending as companies cope with the challenging economic backdrop.
