Omnicom posts 5.7% UK organic growth in Q2

Worldwide revenue dropped 3.6%.

John Lewis and Waitrose & Partners: Adam & Eve/DDB client
John Lewis and Waitrose & Partners: Adam & Eve/DDB client

Omnicom has posted 5.7% organic growth in the UK for the second quarter of 2019.

The owner of agencies including Abbott Mead Vickers BBDO, Adam & Eve/DDB and TBWA in the UK reported group organic growth of 2.8%. Its advertising business posted a 4.4% organic growth.

Omnicom's worldwide revenue declined 3.6% to $3.7bn (£2.3bn) – something Omnicom attributed to "the negative effects of foreign exchange rates and disposition activity in excess of acquisitions over the past year".

When breaking this down, Omnicom said there was a 2.6% fall in revenue because of the "negative impact of foreign currency" and a drop in acquisition revenue.

Organic growth in the CRM consumer experience division rose 1.9%, in CRM execution and support it fell 2.6%, PR was up 1.3% and healthcare was up 8.4%.

Become a member of Campaign from just £78 a quarter

Get the very latest news and insight from Campaign with unrestricted access to campaignlive.co.uk , 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

Building brand humanity

AGENCY

Ikea sweeps up TV creativity award