Omnicom Posts Robust Q1 Results

23 April 2008

NEW YORK: The world's biggest advertising agency conglomerate, Omnicom Group, has posted an impressive 14% climb in first quarter net profit to $208 million(€130m; £104.5m), compared with the year earlier period. Sales were boosted 12.5% to nearly $3.2 billion.

The company says US Q1 revenue climbed more than 7.5% to almost $1.66bn, while international revenue rose more than 18% to $1.53bn.

Ceo John Wren (pictured) says he remains "cautious" about the economy but added that, as yet, "we have not seen any significant reduction in client spending".

Data sourced from Adweek (USA); additional content by WARC staff