Omnicom Group worldwide revenue grows 7.4% as it reveals pre-tax spend of $8.8m on failed Publicis merger for the year

Wednesday, 22 October 2014 10:11

Omnicom has revealed a 7.4 per cent increase in worldwide revenue to $3,749.6m for the third quarter of 2014, as well as total pre-tax charges of $8.8m on its failed merger with Publicis Groupe.

The global marketing services network that owns TBWA, OMD and DDB, recorded a year on year growth in global revenue from 2013’s figure of $3,490.5m and a rise in EBITA of 13.6 per cent to $460.5m for the same period.

International revenue increased by 4.7 per cent to $1,753.3m, while domestic revenue for the quarter reached $1,996.3m, 10 per cent higher than the same quarter last year.

Advertising revenue rose by 12.5 per cent, public relations by 2.5 per cent, customer relationship management by 1 per cent and speciality communications by 0.1 per cent.

The proposed merger cost pre-tax charges of $28.1m during the third period of 2013, which were mainly spent on professional fees it was revealed, while a pre-tax figure of $8.8m was spent in total for 2014 to date.

Worldwide revenue for the nine months of the year until 30 September increased by 5.7 per cent to $11,122.7m, with organic growth increased revenue up by 5.6 per cent.

Acquisitions by the group included research consultancy The Planning Shop and Turkish full service advertising agency ÇÖZÜM, which joined the TBWA/Worldwide network.


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Last modified on Wednesday, 22 October 2014 10:24