UK and Asia boost profits at Omnicom
campaignlive.co.uk, Friday, 28 July 2006 12:00AM
Omnicom has posted an 8 per cent rise in profits for the second quarter, on the back of strong revenue growth in the UK and Asia.
UK revenues rose 12.8 per cent to $304 million for the three months to 30 June, while US revenues increased by 7.5 per cent to $1.5 billion. Revenues outside the US, Europe and the UK increased by 12.1 per cent during the second quarter and by 14.2 per cent for the first six months.
Omnicom's total revenues rose by 7.9 per cent to $2.8 billion. However, ad revenues showed the slowest growth among Omnicom's four disciplines, rising 5.7 per cent to $1.2 billion, while customer relationship marketing revenues increased by 9.6 per cent to £978.6 million, PR revenues by 8.9 per cent and speciality revenues by 10.8 per cent.
Omnicom, led by its chief executive, John Wren, said that the increases were driven by new business and a "modest growth" in client spend.
The company has also made a series of acquisitions in the second quarter of the year. Among these were two US-based content companies - EVB and EMP.
This article was first published on campaignlive.co.uk
- Senior Digital Designer Twist Recruitment £35000 - £42000 per annum + benefits, City of London
- Relationship Marketing/Affiliates Director Stopgap £65000 - £70000 per annum + 12 month contract, London
- Account Manager The Great & The Good £26,000 - 30,000 , South Bank
- Senior Account Manager The Great & The Good £36,000 - 40,000 , Central London
- Email Marketing Executive JV Recruitment £18000 - £20000 per annum, Benefits: Excellent benefits and bonus, Manchester
- Group M wins Vodafone's £600m media account
- Google becomes major UK advertiser after boosting spend by 50% in 2013
- Campaign Viral Chart: Evian's Spider-Man tops chart in week of movie premiere
- Tait replaces Papworth as W&K's ECD
- M&S moves £60m media account to Mindshare
- MEC boss Courtier hails £600m Vodafone media win as 'life changing'