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| John Wren |
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.
The quarter included $33.8M in outlays connected to the acquisition of Interpublic.
Wren takes a cautious outlook for the remainder of the year as the holding company assesses the “implications of economic and market events to determine how they will affect our clients and business for the remainder of 2025.”
President Trump’s decision to delay his reciprocal tariffs resulted in clients buying more inventory to “front-load" sales during the first-half of the year.
“The uncertainty really comes in later on in the year, in the third, fourth quarter, and hopefully we’ll get more clarity as we continue,” said Wren.
He lowered OMC’s full-year organic growth projection to a range of 2.5 percent to 4.5 percent from 3.5 percent to 4.5 percent.
On the PR side, the Portland, Mercury, Marina Maher Communications, Porter Novelli, Ketchum and FleishmanHillard group posted a 5.4 percent drop in revenues to $362.7M.
It was down 4.5 percent on an organic basis.
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.
WPP reported a 6.7 percent drop to $3.1B in Q1 like-like revenues less pass-through costs. CEO Cindy Rose says 'it will take time to outpace historical losses."
