Omnicom Group's PR revenues return to growth in first quarter of 2010

Omnicom Group, which owns Fleishman-Hillard, Ketchum Pleon and Porter Novelli, has finally seen its PR revenues return to growth during the first quarter of 2010.

Looking up: Omnicom Q1 results
Looking up: Omnicom Q1 results

After PR revenues slumped by 15 per cent in 2009, the first quarter of this year delivered modest organic growth of 2.4 per cent compared with the same period one year earlier.

PR revenues reached $275.5m, accounting for 9.4 per cent of Omnicom's total first quarter earnings.

Overall revenues grew 6.3 per cent from £2.75bn in 1Q 2009 to $2.92bn in the same period this year. But net income for the quarter dropped by 0.7%.

UK revenue showed a healthy eight per cent growth, with international revenue in general increasing by 9.3 per cent.

 

 

 

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