Omnicom Reports Fourth Quarter 2008 Results

NEW YORK, Feb. 10 /PRNewswire-FirstCall/ -- Omnicom Group Inc. (NYSE: OMC) today announced that net income for the fourth quarter of 2008 decreased 13.7% to $271.0 million from $313.9 million in the fourth quarter of 2007. Diluted earnings per share in the fourth quarter of 2008 decreased 8.3% to $0.88 per share from $0.96 per share in the fourth quarter of 2007.

Worldwide revenue decreased 7.0% to $3,371.3 million from $3,626.0 million in the fourth quarter of 2007. Domestic revenue for the fourth quarter of 2008 decreased 4.7% to $1,759.5 million compared to $1,845.9 million in the fourth quarter of 2007. International revenue decreased 9.5% to $1,611.8 million compared to $1,780.1 million in the fourth quarter of 2007.

Net income for the twelve months ended December 31, 2008 increased 2.5% to $1,000.3 million from $975.7 million for the same period in 2007. Diluted earnings per share for the twelve months ended December 31, 2008 increased 7.5% to $3.17 per share in 2008 from $2.95 per share for the same period in 2007.

Worldwide revenue for the twelve months ended December 31, 2008 increased 5.2% to $13,359.9 million from $12,694.0 million for the same period in 2007. Domestic revenue for the twelve months ended December 31, 2008 increased 2.8% to $6,890.0 million from $6,704.2 million for the same period in 2007. International revenue for the twelve months ended December 31, 2008 increased 8.0% to $6,469.9 million from $5,989.8 million for 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 fourth 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 December 31,                   2008            2007
    -------------------------------                   ----            ----

    Revenue                                        $3,371.3         $3,626.0

    Operating expenses                              2,922.9          3,094.1

    Operating income                                  448.4            531.9

    Net interest expense                               23.9             14.3

    Income before income taxes                        424.5            517.6

    Income taxes                                      142.0            175.5

    Equity in earnings of affiliates                   16.0             12.7

    Minority interests                                (27.5)           (40.9)

    Net income                                       $271.0           $313.9


    Net income per common share
       Basic                                          $0.88            $0.97
       Diluted                                        $0.88            $0.96

    Weighted average shares (in millions)
       Basic                                          307.2            323.2
       Diluted                                        307.2            327.0

    Dividend declared per share                      $0.150           $0.150



    Omnicom Group Inc.

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

    Twelve Months Ended December 31,                  2008            2007
    --------------------------------                  ----            ----

    Revenue                                       $13,359.9        $12,694.0

    Operating expenses                             11,670.5         11,034.9

    Operating income                                1,689.4          1,659.1

    Net interest expense                               74.3             74.0

    Income before income taxes                      1,615.1          1,585.1

    Income taxes                                      542.7            536.9

    Equity in earnings of affiliates                   42.0             38.4

    Minority interests                               (114.1)          (110.9)

    Net income                                     $1,000.3           $975.7


    Net income per common share
       Basic                                          $3.20            $2.99
       Diluted                                        $3.17            $2.95


    Weighted average shares (in millions)
       Basic                                          313.0            326.0
       Diluted                                        315.4            330.4

    Dividend declared per share                      $0.600           $0.575

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

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