Omnicom reports slight drop in Q1 profits

The owner of BBDO, TBWA and OMD said its total revenue fell almost 1% year over year

John Wren: president and CEO of Omnicom Group Inc.
John Wren: president and CEO of Omnicom Group Inc.

Omnicom has reported a slight fall in pre-tax profits for the first quarter of 2015, as global revenue falls, compared to the same period last year.

Income before tax was down 0.05 percent to $343.5 million for the first three months of this year, compared to $343.3 million in Q1 of 2014.

Omnicom, the owner of BBDO Worldwide, TBWA Worldwide and OMD, said its total revenue fell to $3.47 billion — a 0.9% decrease compared to the same period last year.

But annual pre-tax profit grew 8% year on year to $1.81 billion in the 12 months ending March 31.

Omnicom’s revenue from advertising rose by just under 1 per cent to $1.71 billion, while its revenue from customer relationship marketing declined by 5% to $1.17 billion.

In its first-quarter results, Omnicom said the impact of foreign exchange rates decreased its revenue by 6.4% when compared to the first quarter of 2014.

Organic revenue increased by 9.3% in the UK, compared to 2.7% in Europe, 6.7% in Asia, 3.4% in Latin America, and 10.6% in Africa and the Middle East.

This article first appeared on campaignlive.co.uk.

Topics

You have

[DAYS_LEFT] Days left

of your free trial

Subscribe now

CAMPAIGN AI

Our new premium service offering bespoke monitoring reports for your company .

find out more

Become a member of Campaign

Get the 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


Campaign AI

Our new premium service offering bespoke monitoring reports for your company

Find Out More