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| John Wren |
Omnicom reported flat Q3 revenues of $3.4B and a 2.5 percent boost in net income to $364.4M as the ad/PR combine wrestled with the challenging global economic environment.
CEO John Wren said the performance shows that Omnicom "can navigate through current business uncertainty."
North America was Omnicom's top performer as revenues grew 8.4 percent to $1.9B. That compared to a 15.8 percent slide to $540M in continental Europe, a 6.9 percent dip to $427M in Asia Pacific and a 3.9 percent drop to $368.3M in the UK.
The PR group (FleishmanHillard, Ketchum, Marina Maher Communications, Portland, Mercury and Porter Novelli) advanced 8.8 percent to $391.2M. It was up 12.6 percent on an organic basis.
For the nine-month period, the PR segment reported 5.0 percent growth to $1.1B and a 7.3 percent rise organically.
Wren said there is one certainty in the current unsettled global condition: "the path from marketer to consumer is becoming exceedingly complex."
He is confident that "Omnicom has the talent and capabilities to be the trusted advisor to drive success for our clients."
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.
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.
