Omnicom Reports Second Quarter 2008 Results

NEW YORK, July 22 /PRNewswire-FirstCall/ -- Omnicom Group Inc. (NYSE: OMC) today announced that net income for the second quarter of 2008 increased 11.0% to $307.0 million from $276.7 million in the second quarter of 2007. Diluted earnings per share in the second quarter of 2008 increased 14.3% to $0.96 per share from $0.84 per share in the second quarter of 2007.

Worldwide revenue increased 11.2% to $3,476.9 million from $3,126.1 million in the second quarter of 2007. Domestic revenue for the second quarter of 2008 increased 5.5% to $1,751.3 million compared to $1,659.7 million in the second quarter of 2007. International revenue increased 17.7% to $1,725.6 million compared to $1,466.4 million in the second quarter of 2007.

Net income for the six months ended June 30, 2008 increased 12.2% to $515.6 million from $459.7 million in the same period in 2007. Diluted earnings per share for the six months ended June 30, 2008 increased 16.7% to $1.61 per share in 2008 from $1.38 per share in the same period in 2007.

Worldwide revenue for the six months ended June 30, 2008 increased 11.8% to $6,672.3 million from $5,966.7 million in the same period in 2007. Domestic revenue for the six months ended June 30, 2008 increased 6.5% to $3,412.5 million from $3,203.5 million in the same period in 2007. International revenue for the six months ended June 30, 2008 increased 18.0% to $3,259.8 million from $2,763.2 million in the same period in 2007.

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 second 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 June 30,                       2008           2007

    Revenue                                         $3,476.9       $3,126.1

    Operating expenses                               2,960.1        2,664.5

    Operating profit                                   516.8          461.6

    Net interest expense                                18.7           22.2


    Income before income taxes                         498.1          439.4

    Income taxes                                       167.2          148.8

    Income after income taxes                          330.9          290.6

    Equity in earnings of affiliates                    11.0           12.5
    Minority interests                                 (34.9)         (26.4)

    Net income                                        $307.0         $276.7


    Net income per common share
        Basic                                          $0.97          $0.85
        Diluted                                        $0.96          $0.84



    Weighted average shares (in millions)
        Basic                                          317.5          325.8
        Diluted                                        320.8          330.8

    Dividend declared per share                       $0.150         $0.150



    Omnicom Group Inc.

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


    Six Months Ended June 30,                         2008           2007

    Revenue                                         $6,672.3       $5,966.7

    Operating expenses                               5,804.7        5,189.6

    Operating profit                                   867.6          777.1

    Net interest expense                                29.7           40.5


    Income before income taxes                         837.9          736.6

    Income taxes                                       282.4          249.3

    Income after income taxes                          555.5          487.3

    Equity in earnings of affiliates                    19.1           17.7
    Minority interests                                 (59.0)         (45.3)

    Net income                                        $515.6         $459.7


    Net income per common share
        Basic                                          $1.62          $1.40
        Diluted                                        $1.61          $1.38



    Weighted average shares (in millions)
        Basic                                          317.9          328.4
        Diluted                                        321.1          333.5

    Dividend declared per share                       $0.300         $0.275

SOURCE: Omnicom Group Inc.

CONTACT:
Randall Weisenburger
+1-212-415-3393
for Omnicom Group Inc.

Web site:
http://www.omnicomgroup.com
http://www.omnicomgroup.com/InvestorRelations

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