Omnicom Group Announces Fourth Quarter 2001 Results

NEW YORK, Feb. 19 /PRNewswire-FirstCall/ -- Omnicom Group Inc. (NYSE: OMC) today announced that net income for the fourth quarter of 2001 increased 15% to $164.1 million from $142.2 million in the fourth quarter of 2000. Diluted earnings per share increased 12% to $0.87 per share in 2001 from $0.78 per share in 2000.

Worldwide revenue increased 9% to $1,970.5 million in the fourth quarter of 2001 from $1,802.4 million in the fourth quarter of 2000. Domestic revenue for the fourth quarter of 2001 increased 11% to $1,064.0 million compared to $959.7 million in 2000. International revenue for the fourth quarter of 2001 increased 8% to $906.5 million compared to $842.7 million in 2000.

Net income for the twelve months ended December 31, 2001 increased 16% to $503.1 million from $435.0 million in 2000, excluding an after-tax gain in 2000 of $63.8 million on the sale of a portion of the Company's investment in Razorfish. Diluted earnings per share increased 13% to $2.70 per share in 2001 from $2.40 per share in 2000, excluding the Razorfish gain. Including the Razorfish gain the twelve months net income was $498.8 million and diluted earnings per share was $2.73.

Worldwide revenue for the twelve months ended December 31, 2001 increased 12% to $6,889.4 million in 2001 from $6,154.2 million in 2000. Domestic revenue for the twelve months ended December 31, 2001 increased 14% to $3,717.0 million compared to $3,258.2 million in 2000. International revenue for the twelve months ended December 31, 2001 increased 10% to $3,172.4 million compared to $2,896.0 million in 2000.

Omnicom Group Inc. (NYSE: OMC) (http://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, 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 fourth quarter earnings conference call, or go to http://www.omnicomgroup.com/InvestorRelations.

    Three Months Ended December 31                      2001           2000

    Revenue                                       $1,970,473     $1,802,448

    Operating and net interest expense             1,681,820      1,549,620

    Income before income taxes                       288,653        252,828

    Income taxes                                     112,452         99,864

    Income after income taxes                        176,201        152,964

    Equity in affiliates/Minority interests         (12,060)       (10,757)

    Net income                                      $164,141       $142,207

    Earnings per share

    Basic                                              $0.89          $0.81
    Diluted                                            $0.87          $0.78

    Dividend declared per share                       $0.200         $0.175


    Omnicom Group Inc.
    (Unaudited)
    (in Thousands of Dollars, Except Per Share Data)

                                                  Excluding     Including
                                                  Razorfish     Razorfish
                                                       Gain          Gain
    Twelve Months Ended December 31    2001            2000          2000

    Revenue                      $6,889,406      $6,154,230    $6,154,230

    Operating and net
     interest expense             5,989,136       5,352,657     5,352,657

    Realized gain on sale
     of Razorfish shares                 --              --       110,044

    Income before income taxes      900,270         801,573       911,617

    Income taxes                    354,082         322,922       369,140

    Income after income taxes       546,188         478,651       542,477

    Equity in affiliates/Minority
     interests                     (40,115)        (43,682)      (43,682)

    Cumulative effect of
     accounting change              (2,931)              --            --

    Net income                     $503,142        $434,969      $498,795



    Earnings per share

    Basic                             $2.75           $2.49         $2.85
    Diluted                           $2.70           $2.40         $2.73


    Dividend declared per share      $0.775          $0.700        $0.700

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

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