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| John Wren |
Omnicom reported flat Q4 revenues of $3.9B, though CEO John Wren highlights a 7.2 percent rise in organic growth, which he says “was stronger than expected.”
The upbeat organic results were “led by resilient performance across global geographies.”
Wren said Omnicom entered 2023 “in a very strong position” but the company is “closely tracking the macroeconomic outlook and is fully prepared to respond appropriately.”
Omnicom’s PR group (Ketchum, FleishmanHillard, Porter Novelli, Mercury, Marina Maher Communications) posted an 8.8 rise in revenues to $401.5M during the quarter. It was up 12.7 percent on an organic basis.
For the full-year, PR was up 11.1 percent to $1.5B on a reported basis and 13.7 percent organically.
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.
