OMC's Q2 Net Inches Ahead on Revenue Drop

Thu., Jul. 20, 2017

By Kevin McCauley

Omnicom Group posted a one percent rise in Q2 net income to $328.6M on a 2.4 percent drop in revenues to $3.8B.

The PR group led by Ketchum, FleishmanHillard and Porter Novelli registered a two percent drop in revenues to $342.6M.

CEO John Wren reports that overall organic growth charted a 3.5 percent rise led by advertising (+4.2 percent), CRM (+3.7 percent) and special communications (+2.2 percent). PR failed to keep pace, declining 0.3 percent.

Omnicom’s North American revenues dropped 6.6 percent to $2.2B. Continental Europe rose 5.1 percent to $662M; the UK plummeted 3.7 percent to $350M.

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