 John Wren |
Omnicom posted a 1.9 percent drop in Q3 revenues to $3.7B largely due to a lack of M&A activity and sale of underperforming assets, according to chief John Wren. Net income rose 3.7 percent to $263.6M.
Wren told investors OMC is counseling clients about navigating the technological disruption that is recasting the communications business.
He views that upheaval as an opportunity for OMC to help clients transform the way they approach customers, offering them “the most creative minds with access to the latest tools in the marketplace.”
OMC’s PR group, which includes FleishmanHillard, Porter Novelli and Ketchum, slipped 0.5 percent to $345.9M. Organic growth weighed in at 0.4 percent.
The firm’s North American unit fell 6.5 percent during Q3 with revenues of $2.1B, and Asia-Pacific slipped 1.8 percent to $411.2M.
On the plus side, Europe (excluding the UK) posted an 11.7 percent gain to $660M, while Britain advanced 2.8 percent to $357.6M.
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."
