Omnicom Reports First Quarter 2009 Results

NEW YORK, April 27 /PRNewswire-FirstCall/ -- Omnicom Group Inc. (NYSE: OMC) today announced that net income for the first quarter of 2009 decreased 21.2% to $164.5 million from $208.7 million in the first quarter of 2008. Diluted net income per common share in the first quarter of 2009 decreased 17.2% to $0.53 per share from $0.64 per share in the first quarter of 2008.

Worldwide revenue for the first quarter of 2009 decreased 14.0% to $2,746.6 million from $3,195.4 million in the first quarter of 2008. Domestic revenue for the first quarter of 2009 decreased 7.8% to $1,532.3 million compared to $1,661.2 million in the first quarter of 2008. International revenue for the first quarter of 2009 decreased 20.9% to $1,214.3 million compared to $1,534.2 million in the first quarter of 2008.

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.

For a live webcast and/or a replay of our first quarter earnings conference call, go to www.omnicomgroup.com/InvestorRelations.

    Omnicom Group Inc.

    (Unaudited)
    (In Millions of Dollars, Except Per Share Data)

    Three Months Ended March 31,                        2009            2008
    ----------------------------                        ----            ----


    Revenue                                          $ 2,746.6      $ 3,195.4

    Operating expenses                                 2,464.2        2,844.6
                                                       -------        -------


    Operating profit                                     282.4          350.8

    Net interest expense                                  21.4           11.0
                                                          ----           ----


    Income before income taxes                           261.0          339.8

    Income tax expense                                    88.7          115.2

    Income from equity method investments                  5.9            8.1
                                                          ----           ----
    Net income                                           178.2          232.7

    Less: Net income attributed to noncontrolling
     interests(a)                                        (13.7)         (24.0)
                                                          -----          -----


    Net income - Omnicom Group Inc.(a)                 $ 164.5        $ 208.7
                                                         =====          =====



    Net income per common share - Omnicom Group Inc.(b)
           Basic                                        $ 0.53         $ 0.65
           Diluted                                      $ 0.53         $ 0.64


    Weighted average shares (in millions)(b)
           Basic                                         307.5          318.3
           Diluted                                       307.6          320.1

    Dividend declared per common share                  $ 0.15         $ 0.15


      (a)  On January 1, 2009, we adopted SFAS 160, Noncontrolling Interests
           in Consolidated Financial Statements  -  an amendment of ARB No.
           51.  In accordance with the presentation requirements of SFAS 160,
           we have reclassified the amounts reported as minority interest
           expense in 2008 as noncontrolling interests to be consistent with
           the 2009 presentation.

      (b)  On January 1, 2009, we adopted FSP EITF 03-6-1, Determining Whether
           Instruments Granted in Share-Based Payment Transactions Are
           Participating Securities.  Our unvested restricted stock awards pay
           dividends and therefore qualify as participating securities.  In
           accordance with EITF 03-6-1, Net income, for the purposes of the
           basic and diluted net income per common share in 2009 and 2008, is
           reduced by $2.2 million and $2.6 million, respectively for a
           presumed hypothetical distribution of earnings to the holders of
           the unvested restricted stock.  Additionally, the unvested
           restricted shares are excluded from the calculation of diluted net
           income per common share because their inclusion would have been
           anti-dilutive.  The above information reflects the effect of the
           adoption on Earnings per Share, as if we had adopted EITF 03-6-1 at
           the beginning of the period and the 2008 amounts have been adjusted
           as required by EITF 03-6-1.



SOURCE Omnicom Group Inc.
CONTACT: Randall Weisenburger of Omnicom Group Inc., +1-212-415-3393
Web Site: http://www.omnicomgroup.com
(OMC)

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