Tuesday, February 7, 2023
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| John Wren |
Omnicom reported flat Q4 revenues of $3.9B, though CEO John Wren highlights a 7.2 percent rise in organic growth, which he says “was stronger than expected.”
The upbeat organic results were “led by resilient performance across global geographies.”
Wren said Omnicom entered 2023 “in a very strong position” but the company is “closely tracking the macroeconomic outlook and are fully prepared to respond appropriately.”
Omnicom’s PR group (Ketchum, FleishmanHillard, Porter Novelli, Mercury, Marina Maher Communications) posted an 8.8 rise in revenues to $401.5M during the quarter. It was up 12.7 percent on an organic basis.
For the full-year, PR was up 11.1 percent to $1.5B on a reported basis and 13.7 percent organically.