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Omnicom PR Group Suffers 5.3% Drop in Revenues
From:
O'Dwyer's Public Relations News O'Dwyer's Public Relations News
For Immediate Release:
Dateline: New York , NY
Tuesday, October 15, 2019

 
John Wren
John Wren

Omnicom CEO John Wren reported today a 5.3 percent drop to $337.2M in Q3 PR revenues, and a 3.8 percent dip organically.

The Mercury, Ketchum, Porter Novelli, FleishmanHillard and Marina Maher Communications-led group posted a 4.2 percent decline $1B in nine-month revenues and a 1.9 slide on an organic basis.

OMC suffered a 2.4 percent drop in overall revenues to $3.6B, a slippage that Wren attributes in part to the negative impact of foreign currency translation and a decrease in acquisition revenue, net of disposition revenues.

Net income was off 2.9 percent during the quarter to $290.2M.

 
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