Omnicom PR revenue down 3.8% in Q3

Revenue for the holding company as a whole was up 2.2% organically in the period.

Karen van Bergen, CEO of Omnicom Public Relations Group

NEW YORK: Omnicom Group’s PR firms reported an organic revenue decrease of 3.8% in Q3 to $337.2 million.

The percentage increase was compared with Q3 2018, which was up 2.3% from the year prior.

The holding company owns and operates PR firms including FleishmanHillard, Ketchum, Marina Maher Communications and Porter Novelli.

Revenue for the holding company as a whole was up 2.2% organically to $3.6 billion compared with Q3 2018, but down 2.4% on a non-organic basis in the period. (Organic revenue growth represents change without taking into account the impact of acquisitions and disposals.)

Omnicom’s operating profit decreased by 5.7% to $473.3 million in the period, while net income fell by 2.9% to $290.2 million.

Omnicom’s other business segments achieved organic revenue gains in the quarter, barring CRM execution and support, which saw a revenue drop of 1.5% to $337.4 million. Advertising was up 3.4% to $2 billion, while CRM consumer experience increased 1.8% to $636.4 million, and healthcare grew 9.5% to $285.6 million.

In Q3, broken down geographically, U.S. organic growth for Omnicom’s overall business was up by 2.7% to $1.99 billion, U.K. revenue increased by 3% to $346.1 million and the Asia-Pacific market was up slightly by 0.4% to $418.9 million. Latin American revenue increased 6.6% organically to $100.2 million, and the Middle East and Africa decreased 4.5% to $59.6 million in Q3.

Omnicom PR Group CEO Karen van Bergen referred inquiries seeking comment to the holding company earnigns call. 

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in

Recommended for you

Recommended for you

Explore further