Omnicom pre-tax profits down slightly to $331m

Omnicom, the owner of the BBDO and OMD networks, reported pre-tax profits of $331m (£216m) in the first quarter of 2013, down 0.8% year on year, despite revenue rising by almost 3%.

John Wren: chief executive of Omnicom
John Wren: chief executive of Omnicom

According to Omnicom’s results for the first quarter of 2013, the American ad giant generated revenues of $3.40bn (£2.22bn) in the three months to the end of March, up 2.8% year on year and led by growth in the US.

International revenue, which includes the contribution from the UK, was $1.61bn (£1.05bn), up 1.2% year on year, while revenue from the US was $1.79bn (£1.17bn), up 4.2% year on year.

After being hit by a higher interest expense than a year earlier, Omnicom’s income before taxes was $330.8m (£216.3m) in the first three months of 2013, down 0.8% year on year from $333.3m (£217.9m) in the same period of 2012.

Major Omnicom clients include Snickers (BBDO), Apple (TBWA) and PepsiCo (OMD).

Subscribe to Campaign from just £57 per quarter

Includes the weekly magazine and quarterly Campaign IQ, plus unrestricted online access.


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

1 PHD and ITV storm Media Week Awards

PHD reigned supreme at the 2016 Media Week Awards, after winning media agency of the year and the coveted Grand Prix for its work for Sainsbury's Christmas campaign, while ITV won sales team of the year.

Just published