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| John Wren |
Omnicom’s Q2 revenues grew 8.5 percent to $3.9B, while operating income advanced 7 percent to $600M.
CEO John Wren said OMC recorded a “strong quarter” that sets it up for a solid finish of the year.
"Our cash flow improved, and we continued our very disciplined capital allocation,” he said. “With exceptional new business wins and exciting new work for our clients, we expect to finish the year with strong momentum.”
The PR group of Marina Maher Communications, Portland, Mercury, Porter Novelli, Ketchum, and FleishmanHillard posted 5.6 percent quarterly growth to $414.4M. Organically, it rose 4.3 percent.
For the nine-month period, the segment jumped 5.3 percent to $1.2B, and inched ahead by 1.4 percent on an organic basis.
Stagwell CEO Mark Penn reports Q1 revenues fell 2.7 percent to $651.8M, while its net loss rose from $1.3M to $2.9M.
WPP CEO Mark Read reported like-for-like revenues dropped 2.7 percent to $3.3B in Q1 due to the challenging business environment.
Interpublic suffered a $85.4M Q1 loss as net revenues declined 8.5 percent to $2B. It earned $110.4M in the year-ago period.
Omnicom CEO John Wren reported a 1.6 percent growth in Q1 revenues to $3.7B and a 5.5 percent dip in operating profit to $462.7M.
Publicis Groupe posted 9.4 percent growth in Q1 net revenues to $4B as the French firm enjoyed a record new business run, according to CEO Arthur Sadoun. It was up 4.9 percent organically. 
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