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).

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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).