Omnicom happy with earnings estimates
Claire Billings,, brandrepublic.com, Thursday, 06 December 2001, 8:55am,
LONDON - Omnicom Group, the world's third-largest marketing services group, has said it is comfortable with current analyst fourth-quarter earnings estimates as CEO John Wren gave a confident market outlook.
Speaking at the Credit Suisse First Boston conference yesterday, Wren was particularly optimistic about the market, saying that he expected the advertising industry to recover by the second half of next year.
His comments are in stark contrast to WPP CEO Sir Martin Sorrell who, speaking this week at the UBS Warburg media conference in New York, told delegates that he saw "no rays of sunshine the others have been talking about".
Wren said that US-based Omnicom, which holds the accounts for brand giants such as PepsiCo and DaimlerChrysler, is aiming for double-digit earnings growth in 2002. Analysts have predicted earnings estimates of between 86 to 88 cents a share for Omnicom.
Omnicom owns BBDO Worldwide and TBWA\, and the Porter Novelli PR brand.
If you have an opinion on this or any other issue raised on Brand
Republic, join the debate in the Forum here.
This article was first published on brandrepublic.com
Share this story
Related Links
-
Omnicom names Turner marketing chief global president and CEO of OMD
- Net income rises 8% at Omnicom
- Pepsi consolidates business into Omnicom
- Omnicom and UPN in sponsorship talks
- Interpublic and Omnicom battle for $60m IBM global PR business
- Omnicom buys Wolff Olins for £30m.
- Omnicom increases dividend
Related links
Additional Information
Latest jobs Jobs web feed
-
London-based intern sought for leading boutique Covent Garden recruitment firm
Peter Childs
Competitive, London -
PR ACCOUNT EXECUTIVE - B2B TECHNOLOGY
CC Blue Recruitment
£18k - £22k, London -
Communication Manager - Digital
Media Recruitment
c£30k, SW1 -
In-house Internal Communications Manager (Kent)
6 Degrees Talent Ltd
£75,000 per annum + £8k car allowance and 25 days holiday, Kent, South East Region -
Property PR & marketing Account Manager
Halogen
£32,500 - £37,500, Central London
Most read
- National Lottery in £250,000 PR hunt to reconnect with public
- Microsoft kicks off six-figure b2b comms pitch
- PR agencies claw back digital business from specialist shops
- Financial Conduct Authority appoints Stewart Todd as head of news and media
- Westminster Advisers shakes up staff line-up following review
- South Africa seeks digital help to combat 'negative perceptions'
Most commented
