Omnicom Group Reports Third Quarter and Year-to-Date 2015 Results Posted on October 20, 2015December 14, 2020 by Revanth Ravish NEW YORK, Oct. 20, 2015 /PRNewswire/ — Omnicom Group Inc. (NYSE: OMC) today announced that its diluted net income per common share for the third quarter increased two cents, or 2.1%, to $0.97 per share versus $0.95 per share for the third quarter of 2014. Omnicom’s worldwide revenue in the third quarter of 2015 decreased 1.1% to $3,706.6 million from $3,749.6 million in the third quarter of 2014. The components of the change in revenue included an increase in revenue from organic growth of 6.1%, a marginal increase in revenue from acquisitions, net of dispositions and a decrease in revenue from the negative impact of foreign exchange rates of 7.2% when compared to the third quarter of 2014. Across our regional markets, organic revenue in the third quarter of 2015 increased 6.3% in North America, 9.1% in the United Kingdom, 4.5% in the Euro Markets and Other Europe, 8.6% in Asia Pacific and 0.4% in Africa/Middle East, while organic revenue decreased 6.9% in Latin America when compared to the same quarter of 2014. The change in organic revenue in the third quarter of 2015 as compared to the third quarter of 2014 in our four fundamental disciplines was as follows: advertising increased 9.9%, CRM increased 2.8% and specialty communications increased 5.4%, while public relations decreased 1.5%. For the third quarter of 2015, Omnicom’s earnings before interest, taxes and amortization of intangibles (“EBITA”), a non-GAAP financial measure, decreased $5.8 million, or 1.3%, to $454.7 million from $460.5 million in the third quarter of 2014. Our EBITA margin of 12.3% for the third quarter of 2015 was unchanged when compared to the third quarter of 2014. Operating income in the third quarter of 2015 decreased $5.3 million, or 1.2%, to $428.3 million from $433.6 million in the third quarter of 2014. Our operating margin of 11.6% for the third quarter of 2015 was unchanged when compared to the third quarter of 2014. For the third quarter of 2015, our income tax rate was 32.8% compared to 33.4% in the third quarter of 2014. Net income for the third quarter of 2015 decreased $4.5 million, or 1.8%, to $239.3 million from $243.8 million in the third quarter of 2014. Year-to-date Diluted net income per common share for the first nine months of 2015 increased 11 cents, or 3.7%, to $3.06 per share compared to $2.95 per share for the first nine months of 2014. Worldwide revenue for the nine months ended September 30, 2015 decreased 1.3% to $10,981.1 million from $11,122.7 million in the same period in 2014. The components of the change in revenue included an increase in revenue from organic growth of 5.5%, an increase in revenue from acquisitions, net of dispositions of 0.2% and a decrease in revenue from the negative impact of foreign exchange rates of 7.0% when compared to the first nine months of 2014. Across our regional markets for the nine months ended September 30, 2015, organic revenue increased 5.7% in North America, 7.9% in the United Kingdom, 3.7% in the Euro Markets and Other Europe, 7.7% in Asia Pacific and 7.5% in Africa/Middle East, while organic revenue decreased 4.8% in Latin America when compared to the same period of 2014. The change in organic revenue in the first nine months of 2015 compared to the same period in 2014 in our four fundamental disciplines was as follows: advertising increased 8.0%, CRM increased 3.2%, public relations increased 0.6% and specialty communications increased 5.4%. Omnicom’s EBITA for the nine months ended September 30, 2015 decreased 1.1%, or $16.4 million, to $1,425.4 million from $1,441.8 million for the same period in 2014. Our EBITA margin for the first nine months of 2015 of 13.0% was unchanged when compared to the same period of 2014. Operating income for the nine months ended September 30, 2015 decreased $20.1 million, or 1.5%, to $1,344.6 million compared to $1,364.7 million for the same period in 2014. Our operating margin for the first nine months of 2015 decreased to 12.2% versus 12.3% for the first nine months of 2014. For the nine months ended September 30, 2015, our income tax rate was 32.8% compared to 32.6% for the same period in 2014. Net income for the nine months ended September 30, 2015 decreased $12.2 million, or 1.6%, to $762.3 million from $774.5 million versus the same period in 2014. Omnicom Group Inc. (NYSE: OMC) (www.omnicomgroup.com) is a leading global marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries. Follow us on Twitter for the latest news. For a live webcast or a replay of our third quarter earnings conference call, go to https://investor.omnicomgroup.com/investor-relations/news-events-and-filings. Omnicom Group Inc. Consolidated Statements of Income Three Months Ended September 30 (Unaudited) (Dollars in Millions, Except Per Share Data) 2015 2014 Revenue $3,706.6 $3,749.6 Operating Expenses, excluding amortization of intangibles 3,251.9 3,289.1 EBITA (a) 454.7 460.5 Less: Amortization of Intangibles 26.4 26.9 Operating Income 428.3 433.6 Net Interest Expense 35.9 31.4 Income before income taxes 392.4 402.2 Income tax expense 128.9 134.4 Income from equity method investments 3.2 5.8 Net income 266.7 273.6 Less: Net income allocated to noncontrolling interests 27.4 29.8 Net income – Omnicom Group Inc. 239.3 243.8 Less: Net income allocated to participating securities 2.5 4.3 Net income available for common shares $236.8 $239.5 Net income per common share – Omnicom Group Inc. Basic $0.97 $0.95 Diluted $0.97 $0.95 Weighted average shares (in millions) Basic 243.2 251.4 Diluted 244.4 252.4 Dividend declared per common share $0.50 $0.50 (a) EBITA (defined as Earnings before interest, taxes and amortization of intangibles) is a non-GAAP measure. We use EBITA as an additional operating performance measure, which excludes the non-cash amortization expense of acquired intangible assets. We believe that EBITA is a useful measure to evaluate the performance of our businesses. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with U.S. GAAP. Non-GAAP financial measures reported by us may not be comparable to similarly titled amounts reported by other companies. Omnicom Group Inc. Consolidated Statements of Income Nine Months Ended September 30 (Unaudited) (Dollars in Millions, Except Per Share Data) 2015 2014 Revenue $10,981.1 $11,122.7 Operating Expenses, excluding amortization of intangibles 9,555.7 9,680.9 EBITA (b) 1,425.4 1,441.8 Less: Amortization of Intangibles 80.8 77.1 Operating Income 1,344.6 1,364.7 Net Interest Expense 104.7 104.1 Income before income taxes 1,239.9 1,260.6 Income tax expense 406.9 410.9 (a) Income from equity method investments 6.2 10.4 Net income 839.2 860.1 Less: Net income allocated to noncontrolling interests 76.9 85.6 Net income – Omnicom Group Inc. 762.3 774.5 (a) Less: Net income allocated to participating securities 9.0 14.7 Net income available for common shares $753.3 $759.8 Net income per common share – Omnicom Group Inc. Basic $3.08 $2.97 Diluted $3.06 $2.95 (a) Weighted average shares (in millions) Basic 244.7 255.6 Diluted 245.8 257.3 Dividend declared per common share $1.50 $1.40 (a) Year-to-date 2014 results reflect the recognition of an income tax benefit of approximately $11 million related to expenses incurred in prior periods in connection with the proposed merger with Publicis, which was terminated on May 8, 2014. Prior to the termination of the merger, the majority of the merger costs, which were incurred in 2013, were capitalized for income tax purposes and the related tax benefits were not recorded. Because the merger was terminated, the merger costs were no longer required to be capitalized for income tax purposes. Excluding the income tax benefit related to the proposed merger from the first nine months of 2014, net income was $763.3 million and diluted net income per common share was $2.91 per share. (b) EBITA (defined as Earnings before interest, taxes and amortization of intangibles) is a non-GAAP measure. We use EBITA as an additional operating performance measure, which excludes the non-cash amortization expense of acquired intangible assets. We believe that EBITA is a useful measure to evaluate the performance of our businesses. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with U.S. GAAP. Non-GAAP financial measures reported by us may not be comparable to similarly titled amounts reported by other companies. CONTACT: Investor Relations: Shub Mukherjee, 212-415-3011, [email protected] or Media: Joanne Trout, 212-415-3669, [email protected]
Omnicom Group Schedules Third Quarter 2015 Earnings Release and Conference Call Posted on October 14, 2015December 14, 2020 by Revanth Ravish NEW YORK, Oct. 14, 2015 /PRNewswire/ — Omnicom Group (NYSE: OMC) will publish its third quarter 2015 results on Tuesday, October 20, 2015. The company will host a conference call to review third quarter results on Tuesday, October 20, 2015 at 8:30 AM (EDT). The dial-in numbers for the conference call are (800) 553-0272 (domestic) and (612) 332-0819 (international). In addition, the conference call will be simulcast and archived at https://investor.omnicomgroup.com/investor-relations/news-events-and-filings. About Omnicom Group Inc.Omnicom Group (www.omnicomgroup.com) is a leading global marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries. Follow us on Twitter for the latest news. CONTACT Investor Relations: Shub Mukherjee, (212) 415-3011, [email protected]; Media: Joanne Trout, (212) 415-3669, [email protected]
Interbrand Releases 2015 Best Global Brands Report Posted on October 5, 2015December 14, 2020 by Revanth Ravish Apple and Google Hold the #1 and #2 Spots, Tech Brands Comprise More Than a Third of the Entire Ranking’s Value, and Five Brands — Lego, PayPal, MINI, Moët & Chandon and Lenovo — Enter the Ranking NEW YORK, NY — (Marketwired) — 10/05/15 — Interbrand’s 16th annual Best Global Brands report, released today, identifies the 100 most valuable global brands. Highlights For the third year in a row, Apple (#1) and Google (#2) claim the top positions. Valued at USD $170.276 billion, Apple increases its brand value by 43 percent. Google, valued at $120.314 billion, increases its brand value by 12 percent. Microsoft (#4) edges ahead of IBM (#5), and Amazon (#10) enters the Top 10 for the first time with a brand value of USD $37.948 billion. Five new brands entered this year’s ranking: Lego (#82), PayPal (#97), MINI (#98), Moët & Chandon (#99), and Lenovo (#100). Lenovo is the second Chinese brand to appear on the Best Global Brands ranking. The first was Huawei (#88), which entered the ranking in 2014. Technology and automotive brands dominate this year’s ranking, holding a combined 28 positions. Technology brands, in particular, dominate — collectively making up more than a third (33.6%) of the total value of all 100 brands. Top 10 Apple (#1, +43%)Google (#2, +12%)Coca-Cola (#3, -4%)Microsoft (#4, +11%)IBM (#5, -10%)Toyota (#6, +16%)Samsung (#7, 0%) GE (#8, -7%)McDonald’s (#9, -6%)Amazon (#10, +29%) Top Risers Facebook (#23, +54%)Apple (#1, +43%)Amazon (#10, +29%)Hermès (#41, +22%)Nissan (#49, +19%) New Entrants Lego (#82)PayPal (#97)MINI (#98)Moët & Chandon (#99)Lenovo (#100) “The Best Global Brands report examines what it takes for brands to succeed in today’s hyper-fragmented world. As people demand immediate, personalized and tailored experiences, business and brands need to move at the speed of life,” says Jez Frampton, Interbrand’s Global Chief Executive Officer. “Many of the brands in this year’s Top 100 are so intuitively aligned with people’s priorities, that they are able to seamlessly integrate into their everyday lives.” 2015 Best Global Brands Website This year’s Best Global Brands website (bestglobalbrands.com) features the ranking of the 100 most valuable global brands and articles authored by Interbrand thought leaders. Methodology Interbrand’s 16th annual ranking identifies the 100 most valuable global brands by analyzing the many ways a brand benefits an organization — from delivering on customer expectations to driving economic value. Interbrand’s Best Global Brands methodology was the first brand valuation method to become ISO certified. The ranking is based on a combination of attributes that contribute to a brand’s cumulative value: The financial performance of the branded products and servicesThe role the brand plays in influencing customer choiceThe strength the brand has to command a premium price or secure earnings for the company Please visit bestglobalbrands.com to read the 2015 Best Global Brands report in full. To join the conversation on social media, use the hashtag #BGB2015. About Interbrand Interbrand is the world’s leading brand consultancy, with a network of 31 offices in 27 countries. Since it opened for business in 1974, it has changed the way the world sees branding: from just another word for “logo” to a business’s most valuable asset to business strategy brought to life. Publisher of the highly influential annual Best Global Brands ranking and Webby Award-winning brandchannel, Interbrand believes that brands have the power to change the world — and helps its clients achieve this goal every day. Interbrand’s combination of strategy, creativity, and technology delivers fresh ideas and insights, deep brand intelligence, clear business opportunities, and compelling brand experiences. Interbrand is part of the Omnicom Group Inc. (NYSE: OMC) network of agencies. For more information, please visit us at Interbrand.com and follow us on Twitter and Facebook. For more information, please contact: Tracey Boudine Vice President, Media Relations Wise Public Relations [email protected] O 212 777 3231 M 646 642 4860