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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.”
Publicis Groupe’s H1 net revenues inched ahead by 1.1 percent to $8.3B. Organic growth hit the 4.7 percent mark.
Public Policy Holding Company grew 27.5 percent to $50.1M during Q1, powered by the accelerating contribution from recent acquisitions and a 5.1 percent hike in organic revenues across its three operating segments.
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.
