Omnicom Q1 sees revenue dip, but organic growth up 11.9%

Andrew Banks

April 20, 2022 10:18

Omnicom Group Inc. (OMC) has today reported a decrease in global revenue in the first quarter of 2022, with a 0.5% drop on the prior corresponding reporting period to $US3.41 billion ($AU4.611 billion), while in APAC there was positive organic growth.

Omnicom reported net income of $US173.8 million ($AU235.01 million) in its first quarter. On a per-share basis, the New York-based company said it had net income of US83c ($AU1.12). Earnings, adjusted for non-recurring costs, came to $US1.39 ($AU1.88) per share.

Operating profit fell to $US353 million ($AU477 million) compared to $US465.4 million ($AU629.31 million) during Q1 of 2021. Meanwhile, Omnicom’s operating margin for Q1 2021 dropped to 10.4%, compared to a 13.6% bump for the prior corresponding reporting period.

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Andrew Banks

Andrew is an editor and journalist with over 27 years' experience, working across publications including news.com.au, The Sunday Telegraph and The Australian newspaper.

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