Omnicom Group sees 4% jump in net income for Q4 2019

Omnicom's worldwide revenue for the fourth quarter of 2019 has increased 1.3% as compared to the same quarter of 2018

e4m by exchange4media Staff
Updated: Feb 13, 2020 11:04 AM
Omnicom

Omnicom Group has announced that its diluted net income per share for the fourth quarter of 2019 has increased 6.8% to $1.89 per share compared to $1.77 for the fourth quarter of 2018.
Its net income for the fourth quarter of 2019 has increased 4% to $415.0 million compared to $399.2 million in the fourth quarter of 2018.

Omnicom's worldwide revenue in the fourth quarter of 2019 has increased 1.3% to $4,141.2 million from $4,086.7 million in the fourth quarter of 2018. The components of the change in revenue included a decrease in revenue from the negative impact of foreign currency translation of 0.9%, a decrease in acquisition revenue, net of disposition revenue of 1.2% and an increase in revenue from organic growth of 3.5% when compared to the fourth quarter of 2018.

The financial statement issued by the group says: “Organic growth in the fourth quarter of 2019 as compared to the fourth quarter of 2018 in our five fundamental disciplines was as follows: Advertising increased 5.1%, CRM Consumer Experience increased 3.3%, CRM Execution & Support decreased 6.0%, Public Relations decreased 2.5% and Healthcare increased 12.9%.”

Across regional markets, organic growth in the fourth quarter of 2019 as compared to the fourth quarter of 2018 was as follows: the United States increased 2.8%, Other North America decreased 2.3%, the United Kingdom increased 3.3%, the Euro Markets and Other Europe increased 4.7%, Asia Pacific increased 4.5%, Latin America decreased 1.3% and the Middle East and Africa increased 19.5%.

The operating profit in the fourth quarter of 2019 has increased $19.2 million, a 3.1% jump, to $646.4 million from $627.2 million during the fourth quarter of 2018. The operating margin for the fourth quarter of 2019 increased to 15.6% versus 15.3% for the fourth quarter of 2018.

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