APAC shines as Omnicom revenue rises in first quarter but Wren warns of ‘unsettling’ developments

April 19, 2017 9:25

The Asia Pacific region has emerged as Omnicom’s second fastest growing region with organic growth of 9.1%, ahead of North America, Europe, the UK and Latin America, according to the holding group’s financial results for the first quarter of 2017.

But the head of Omnicom, John Wren, has warned of worrying political and economic developments around the globe.

Reporting its results for the first quarter of 2017, the parent company of agencies including TBWA, BBDO, DDB and Omnicom Media Group, saw an overall lift in operating profit of $US17.8m, up 4.5% to $US409.9 compared to the first quarter of 2016.

Net income at group level for Omnicom rose $US23.4m or 10.7% to $US241.8m with the Middle East and Africa achieving organic growth of 37.9%.

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Simon Canning

Simon Canning was Mumbrella's marketing and advertising editor from 2015-2017. In a career spanning journalism and communications over more than 30 years Simon has become one of Australia’s most respected analysts and commentators on the advertising, marketing and media industries. A regular commentator on radio and TV, Simon has also worked in media in the US and UK .

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