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.

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