Omnicom Reports 10.6 Percent Increase in Global Revenue for 2011
Omnicom Group reported $13.9 billion in revenue for the year ending December 31, 2011, a 10.6 percent increase year-over-year. Domestic revenue was up 5.5 percent to about $7.05 billion. International revenue was up 16.5 percent to $6.82 billion. The U.S. brought in nearly 51 percent of revenue for the year.
Net income for the year was up 15.1 percent to $952.6 million. In 2010, that figure was $8127.7 billion.
PR revenue was up 8.8 percent for the year to $1.22 billion, an organic increase of 1.9 percent. Revenue in the PR area was up 8.1 percent for the quarter to $310.6 million, an organic increase of .6 percent. Omnicom firms include Fleishman-Hillard, Porter Novelli, and Ketchum.
Omnicom’s Q4 revenue totaled $3.85 billion, up from $3.59 billion for the same period in 2010, a 7.4 percent increase. Net income for the quarter was up 10.3 percent to $271.9 billion.
Top revenue generating industries across the company for the quarter include food and beverage, financial services, and consumer products. The earnings report noted the Q4 acquisition of Marina Maher Communications, the specialty firm for women’s marketing.
For more info about Omnicom’s earnings, click here.
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Nadine Cheung
Editor, The Job Post
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