Wednesday, April 17, 2024
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| John Wren |
Omnicom CEO John Wren reports Q1 revenues jumped 5.4 percent to $3.6M, powered by a solid 7.0 percent rise in its advertising & media segment.
The Marina Maher Communications, Portland, Mercury, Porter Novelli, Ketchum, and FleishmanHillard PR unit registered 3.9 percent growth to $390.3M.
It slipped 1.1 percent on an organic basis.
OMC’s operating income rose 38.2 percent to $478.9M, while net income increased 39.7 percent to $318.6.
Wren is bullish on 2024 growth, a year that will feature advertising spending for the Paris Olympics and US presidential elections.
He said OMC’s “excellent new business performance and, when combined with the new opportunities we are pursuing, give us great confidence in the future.”