Omnicom Reports First Quarter 2007 Results

NEW YORK, April 24 /PRNewswire-FirstCall/ -- Omnicom Group Inc. (NYSE: OMC) today announced that net income for the first quarter of 2007 increased 10.4% to $183.0 million from $165.7 million in the first quarter of 2006. Diluted earnings per share in the first quarter of 2007 increased 17.2% to $1.09 per share from $0.93 per share in the first quarter of 2006.

Worldwide revenue increased 10.8% to $2,840.6 million from $2,562.9 million in the first quarter of 2006. Domestic revenue for the first quarter of 2007 increased 7.7% to $1,543.9 million compared to $1,433.0 million in the first quarter of 2006. International revenue increased 14.8% to $1,296.7 million compared to $1,129.9 million in the first quarter of 2006.

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,                        2007        2006(1)

    Revenue                                         $2,840.6       $2,562.9

    Operating expenses                               2,525.1        2,278.5

    Operating profit                                   315.5          284.4

    Net interest expense                                18.3           15.1

    Income before income taxes                         297.2          269.3

    Income taxes                                       100.5           90.9

    Income after income taxes                          196.7          178.4

    Equity in earnings of affiliates                     5.2            4.9
     Minority interests                                (18.9)         (17.6)

    Net income                                        $183.0         $165.7

    Net income per common share
     Basic                                             $1.11          $0.94
     Diluted                                           $1.09          $0.93

    Weighted average shares (in millions)
     Basic                                             165.6          176.7
     Diluted                                           167.8          177.8

    Dividend declared per share                        $0.25          $0.25



    (1)  Included in operating profit and net income for the quarter
         March 31, 2006 is a benefit of $3.6 million and $2.0 million
         respectively, resulting from the cumulative effect of the adoption of
         SFAS 123(R) and the requirement to provide an estimate for
         forfeitures on all unvested stock-based compensation awards, as of
         January 1, 2006.

SOURCE
Omnicom Group Inc.

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

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