Omnicom reveals 4% fall in net income for Q3 following Publicis merger
Omnicom has today announced that its net income for Q3 of 2013 has fallen by $7.9m, or 3.9 per cent, to $196m, although revenue grew 3.2 per cent domestically and 1.6 per cent globally.
The loss is being blamed on the merger with Publicis which took place in July, and led to $28.1m in charges.
Excluding the impact of the merger expenses, Omnicom’s non-GAAP earnings before interest, taxes and amortization of intangibles in Q3 increased $18.7m (4.5 per cent) to $433.3m: up from $414.6m in the third quarter of 2012.
Organic revenue increased five per cent in the United States, 7.5 per cent in the United Kingdom and 4.5 per cent in our other markets, primarily from growth in Asia and Latin America.
The results show that advertising saw a 4.8 per cent growth, while CRM increased 2.3 per cent, public relations increased 4.6 per cent and specialty communications increased 8.3 per cent.
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Omnicom Group
A global leader in marketing communications, Omnicom provides brand and advertising services to over 5000 clients in over 100 countries.
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