Omnicom Group Inc

OMC

Equity

ISIN US6819191064 / Valor 959048

New York Stock Exchange, Inc (2024-11-21)

USD 101.94+2.89%

Omnicom Group Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Omnicom Group Inc is a global network of leading marketing communications companies, offering a diverse range of marketing solutions to some of the world's most iconic brands. The company's portfolio includes global advertising agency networks such as BBDO, DDB, and TBWA, as well as a global media network, Omnicom Media Group. Additionally, Omnicom manages a global diversified group of agencies under the DAS Group of Companies, which includes the Health Group, the Precision Marketing Group, the Commerce Group, and the Advertising Collective. In 2021, Omnicom created the Communications Consultancy Network (CCN) comprised of Omnicom Public Relations Group. The company's services span brand advertising, customer relationship management, media planning and buying, public relations, and specialty communications services, all aimed at driving bottom-line results for clients.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Growth

Omnicom Group Inc. reported a revenue increase of $243.9 million, or 6.8%, reaching $3.9 billion in the second quarter of 2024. This growth was driven by a 5.2% rise in organic revenue and a 2.6% increase from acquisitions, notably Flywheel Digital. However, foreign currency translation negatively impacted revenue by 1.0%.

Net Income

For the second quarter of 2024, Omnicom Group Inc. recorded a net income of $328.1 million, a decrease of $38.2 million or 10.4% compared to the same period in 2023. The diluted net income per share also fell by $0.17, or 9.3%, to $1.65 from $1.82 in the previous year.

Operating Income

Omnicom Group Inc.'s operating income for the second quarter of 2024 was $510.3 million, down by $40.4 million or 7.3% from the second quarter of 2023. The operating income margin also decreased to 13.2% from 15.3%, influenced by $57.8 million in repositioning costs primarily related to severance.

Adjusted EBITA

Adjusted EBITA for Omnicom Group Inc. in the second quarter of 2024 increased by $30.7 million, or 5.5%, to $589.6 million compared to the same period in 2023. Despite this increase, the adjusted EBITA margin slightly decreased to 15.3% from 15.5% in the previous year.

Expenses

Operating expenses for Omnicom Group Inc. rose by $284.3 million, or 9.3%, to $3.3 billion in the second quarter of 2024. This increase was primarily due to higher salary and service costs, which grew by $182.3 million, or 7.0%, largely driven by the acquisition of Flywheel Digital and organic growth.

Summarized from source with an LLMView Source

Key figures

29.6%1Y

51.9%3Y

30.8%5Y

Performance

19.9%1Y

26.3%3Y

31.8%5Y

Volatility