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Omnicom PR Units Jump 6.2% in Q2
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O'Dwyer's Public Relations News O'Dwyer's Public Relations News
For Immediate Release:
Dateline: New York, NY
Tuesday, July 22, 2014

 

Omnicom revenues across its PR operations jumped 6.2% in the second quarter to $357M as overall revenues at the marketing conglomerate climbed 6.4% to nearly $3.9B.

OMC, which owns PR firms like Ketchum, FleishmanHillard, Porter Novelli and Mercury, said PR was up 4.3% for the first half on revenues of $682.5M. Q2 PR gains were 4.1% on an organic basis.

omnicom

Omnicom net income rose 12.3% to $325.2M for the quarter. North American revenues rose 6.6% to $2.2B, while Europe climbed 8.3% to $1.1B, Asia Pacific saw a 3% rise to $401.5M and Latin American inched up 1.7% to $112.7M.

Advertising rose 10.9% to top $1.9B, while its customer relationship management division (Interbrand, Star Marketing, Washington Speakers Bureau) posted a 3% gain to $1.3B.

Acquisition expenditures for the first half hit $114.9M, including Germany-based ad agency heimat and London's brand and retail strategy firm Haygarth in the second quarter.

OMC in May scuttled its merger with Publicis. 

Omnicom debt is $4B against $1.5B in cash and investments.  

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