Omnicom boosts annual profits by 4.4%

Omnicom's profits increased by 4.4% to hit $827.7m (£513m) last year after a 7% increase in revenue over 2009.

John Wren: chief executive officer of Omnicom Media Group
John Wren: chief executive officer of Omnicom Media Group

The holding company behind DDB and OMD reported worldwide revenue of $12.5bn in 2010, up from $11.7bn in 2009.

UK revenue came in at £1.1bn, up 4.3% year on year and up 5.6% on an organic basis.

The group stepped up the pace in the fourth quarter with a 7.4% jump in profits to $246.5m after a 9.8% increase in revenue to $3.6bn.

Annual operating expenses rose 7% to $11bn.

Annual US domestic revenue climbed 8.2% to $6.7bn and international revenue rose by a slower 5.7% to $5.9bn.

Omnicom is the second of the top six global advertising and marketing groups to report its 2010 results.

Last week Publicis Groupe reported a 35% increase in net income to €551m after a 19.8% increase in revenue to €5.4bn.

WPP, which overtook Omnicom as the world's largest group by revenue in 2009, is due to report its 2010 results at the beginning of March.

Become a member of Campaign from just £45 a quarter

Get the very latest news and insight from Campaign with unrestricted access to ,plus get exclusive discounts to Campaign events

Become a member

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now

Partner content


1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).