Omnicom Posts 11% Profits Rise in Q3

26 October 2005

Omnicom Group, the world's largest marketing services holding company, on Tuesday posted its third quarter results to nods of approval from Wall Street. Net income rose year-on-year by 11% to $161.7 million (€133.65m; £90.56m) from $145.3m.

Worldwide revenue increased 9% to $2,522.9m versus $2,319.0m in the third quarter of 2004. Domestic revenue increased 13% to $1,428.6m from $1,261.3m in the same period last year. Revenue from overseas sources increased by a less spectacular 3% to $1,094.3m, marginally up from $1,057.7m last time.

Net income for the nine months ended September 30 increased 11% to $538.1m from $487.0m in the same period in 2004. Likewise, worldwide revenue rose by 8% to $7,541.7m from $6,958.1m. Domestic revenue increased 10% year-on-year to $4,168.4m from $3,781.6m.

International revenue over the nine months increased 6% to $3,373.3m from $3,176.5 in the same period in 2004.

Data sourced from Omnicom; additional content by WARC staff