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Omnicom Q4: Profit Down 15%, PR Revenue Down 8.5%


Omnicom Group Inc. (NYSE: OMC) announced today fourth-quarter 2009 profit fell about 15% to $229.6 million, from $271 million in Q4 2008. Worldwide revenue in Q4 2009 fell 3% to $3.27 billion.

PR revenues declined 8.5% in Q4, compared to a 14.9% decline in Q3. Also, advertising revenues declined only 0.1% in Q4. For the year, PR revenues declined 14.8%, while advertising revenues declined 10%.

As The Wall Street Journal notes, the company still slightly beat analyst’s expectations. Reuters notes Omnicom’s stock is down 10 percent so far in 2010, but is still up more than 25 percent year over year.

Omnicom’s PR holdings include Fleishman-Hillard, Porter Novelli, Ketchum, and Brodeur.

View the company’s complete investor presentation after the jump.

Omnicom Q4 2009

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