The world's biggest advertising group has been boosted by substantial account wins including Capital One, Bank of America and the US home improvement retailer Lowe's.
Bank of America selected a team of Omnicom shops, including BBDO and OMD, for its $600 million account in August. The following month, BBDO and OMD were appointed to head Lowe's $315 million business.
The chief executive of Omnicom, John Wren, described the company's third-quarter new-business performance as "the best in our history".
The group said third-quarter net income rose to $161.7 million from $145.3 million in the third quarter of 2004.
Worldwide revenue increased by 9 per cent to $2.52 billion and US revenue grew by 13 per cent to $1.4 billion.
The news comes less than a week after Omnicom acquired the brand licensing agency The Beanstalk from the Ford Motor Group. Beanstalk's list of clients includes AT&T, Harley Davidson and Ford.
- Comment, page 52.
