Revanth Ravish, Author at Omnicom Group

NEW YORK, April 28, 2020 — Omnicom Group Inc. (NYSE: OMC) today announced that its diluted net income per share for the first quarter of 2020 increased two cents, or 1.7%, to $1.19 per share compared to $1.17 for the first quarter of 2019. Net income – Omnicom Group Inc. for the first quarter of 2020 decreased $5.1 million, or 1.9%, to $258.1 million compared to $263.2 million in the first quarter of 2019. Net income – Omnicom Group Inc. for the first quarter of 2020 was reduced by $3.9 million for a non-cash impairment charge related to the decline in the market value of certain of our equity method investments.

Primarily due to the negative effects of foreign exchange rates and disposition activity in excess of acquisitions over the past year, Omnicom’s worldwide revenue in the first quarter of 2020 decreased 1.8% to $3,406.9 million from $3,468.9 million in the first quarter of 2019. The components of the change in revenue included a decrease in revenue from the negative impact of foreign currency translation of 1.4%, a decrease in acquisition revenue, net of disposition revenue of 0.7% and an increase in revenue from organic growth of 0.3% when compared to the first quarter of 2019. Beginning late in the first quarter of 2020, revenue was also negatively impacted by the coronavirus 2019 (“COVID-19”) pandemic.

Organic growth in the first quarter of 2020 as compared to the first quarter of 2019 in our five fundamental disciplines was as follows: Advertising decreased 0.1%, CRM Consumer Experience decreased 1.3%, CRM Execution & Support decreased 0.9%, Public Relations increased 0.2% and Healthcare increased 9.6%.

Across our regional markets, organic growth in the first quarter of 2020 as compared to the first quarter of 2019 was as follows: the United States increased 1.7%, Other North America increased 0.6%, the United Kingdom increased 3.7%, the Euro Markets & Other Europe decreased 2.3%, Asia Pacific increased 2.0%, Latin America decreased 5.0% and the Middle East & Africa decreased 28.4%.

Operating profit in the first quarter of 2020 decreased $8.7 million, or 2.0%, to $420.2 million from $428.9 million during the fourth quarter of 2019. Our operating margin for the first quarter of 2020 decreased to 12.3% versus 12.4% for the first quarter of 2019.

For the first quarter of 2020, our effective income tax rate decreased to 26.0% compared to 26.8% during the same period in 2019. The decrease was primarily attributable to certain domestic tax credits recognized during the current period.

Non-GAAP Financial Measures

We use certain non-GAAP financial measures in describing our performance. We use EBITA (defined as earnings before interest, taxes and amortization of intangible assets) and EBITA margin (defined as EBITA divided by revenue) as additional operating performance measures, which exclude the non-cash amortization expense of intangible assets (primarily consisting of amortization of intangible assets arising from acquisitions). Accordingly, we believe EBITA and EBITA margin are useful measures for investors to evaluate the performance of our business.

For the first quarter of 2020, EBITA decreased $9.5 million, or 2.1%, to $441.0 million from $450.5 million in the first quarter of 2019. Our EBITA margin decreased to 12.9% for the first quarter of 2020 versus 13.0% in the first quarter of 2019.

Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with U.S. GAAP. Non-GAAP financial measures reported by us may not be comparable to similarly titled amounts reported by other companies.

COVID-19 Business Update

The COVID-19 pandemic has significantly impacted the global economy. Public health efforts to mitigate the impact of the pandemic include government actions such as travel restrictions, limitations on public gatherings, shelter in place orders and mandatory closures. These actions have negatively impacted many of our clients’ businesses and in turn clients have reduced or plan to reduce their demand for our services. As a result, we experienced a reduction in our revenue beginning late in the first quarter of 2020, as compared to the same period in 2019, and is expected to continue for the remainder of the year. Such reductions in revenue could adversely impact our ongoing results of operations and financial position and the effects could be material.

While we expect the pandemic to affect substantially all of our clients, certain industry sectors have been affected more immediately and more significantly than others, including travel, lodging and entertainment, energy and oil and gas, non-essential retail and automotive. Clients in these industries have already acted to cut costs, including postponing or reducing marketing communication expenditures. While certain industries such as healthcare and pharmaceuticals, technology and telecommunications, financial services and consumer products have fared relatively well to date, conditions are volatile and economic uncertainty cuts across all clients, industries and geographies. Overall, while we have a diversified portfolio of service offerings, clients and geographies, demand for our services can be expected to decline as marketers reduce expenditures in the short-term due to the uncertain impact of the pandemic on the global economy. As a result of the impact on our business, each of our agencies is in the process of aligning their cost structures, including severance actions and furloughs to reduce the workforce, and tailoring their services and capabilities to changes in client demand.

We have recently taken numerous proactive steps to strengthen our liquidity and financial position that we expect will help mitigate the potential impacts of COVID-19, including:

The amendment and extension of our $2.5 billion credit facility to February 2025,
The suspension of our share repurchase program,
The issuance in February of $600 million 10-year 2.45% Senior Notes,
The early redemption of the remaining $600 million of 4.45% Senior Notes that were due in August 2020,
The issuance in early April of an additional $600 million 10-year 4.20% Senior Notes, and
The completion in early April, of a $400 million 364-day revolving credit facility, which is in addition to our existing $2.5 billion revolving credit facility that expires in February 2025.

We have no long-term debt maturing until May 2022.

Definitions – Components of Revenue Change

We use certain terms in describing the components of the change in revenue above.

Foreign exchange rate impact: calculated by translating the current period’s local currency revenue using the prior period average exchange rates to derive current period constant currency revenue. The foreign exchange rate impact is the difference between the current period revenue in U.S. Dollars and the current period constant currency revenue.

Acquisition revenue, net of disposition revenue: Acquisition revenue is calculated as if the acquisition occurred twelve months prior to the acquisition date by aggregating the comparable prior period revenue of acquisitions through the acquisition date. As a result, acquisition revenue excludes the positive or negative difference between our current period revenue subsequent to the acquisition date and the comparable prior period revenue and the positive or negative growth after the acquisition date is attributed to organic growth. Disposition revenue is calculated as if the disposition occurred twelve months prior to the disposition date by aggregating the comparable prior period revenue of disposals through the disposition date. The acquisition revenue and disposition revenue amounts are netted in the description above.

Organic growth: calculated by subtracting the foreign exchange rate impact component and the acquisition revenue, net of disposition revenue component from total revenue growth.

Forward-looking Statements

Certain statements in this press release related to the potential impact of the COVID-19 outbreak constitute forward-looking statements, including statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs of the Company’s management as well as assumptions made by, and information currently available to, the Company’s management. Forward-looking statements may be accompanied by words such as “aim,” “anticipate,” “believe,” “plan,” “could,” “should,” “would,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project” or similar words, phrases or expressions.

Forward-looking statements are subject to various risks and uncertainties, many of which are outside the Company’s control. Therefore, you should not place undue reliance on such statements. You should carefully consider this and the other risks and uncertainties that may affect the Company’s business, including those described in Item 1A, “Risk Factors” and Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2019 and other documents filed from time to time with the Securities and Exchange Commission. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements.

Conference Call

Omnicom will host a conference call to review the first quarter financial results on Tuesday, April 28, 2020 at 8:00 AM (EDT). Participants can listen to the conference call by dialing (877) 692-8955 (domestic) or (234) 720-6979 (international), along with access code 3711425. The call will also be simulcast and archived on our website at: https://investor.omnicomgroup.com/investor-relations/news-events-and-filings.

About Omnicom Group Inc.

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 70 countries. Follow us on Twitter for the latest news.

Omnicom Group Inc.
Consolidated Statements of Income
Three Months Ended March 31
(Unaudited)
(Dollars in Millions, Except Per Share Data)

	2020		2019

Revenue	$	3,406.9	$	3,468.9
Operating Expenses:
Salary and service costs	2,533.3		2,567.6
Occupancy and other costs	309.6		309.2
Costs of services	2,842.9		2,876.8
Selling, general and administrative expenses	86.8		103.6
Depreciation and amortization	57.0		59.6
	2,986.7		3,040.0
Operating Profit	420.2		428.9
Interest Expense	58.5		63.0
Interest Income	12.7		17.0
Income Before Income Taxes	374.4		382.9
Income Tax Expense	97.4		102.7
Loss From Equity Method Investments	(5.3)		(0.5)
Net Income	271.7		279.7
Net Income Attributed To Noncontrolling Interests	13.6		16.5
Net Income – Omnicom Group Inc.	$	258.1	$	263.2

Net income per share – Omnicom Group Inc.
Basic	$	1.19	$	1.18
Diluted	$	1.19	$	1.17

Weighted average shares (in millions)
Basic	216.6		223.2
Diluted	217.5		224.2

Dividends Declared Per Common Share	$	0.65	$	0.65

Omnicom Group Inc.
Reconciliation of Non-GAAP Financial Measures – EBITA
Three Months Ended March 31
(Unaudited)
(Dollars in Millions)

	2020			2019

Net Income – Omnicom Group Inc.	$	258.1		$	263.2
Net Income Attributed To Noncontrolling Interests	13.6			16.5
Net Income	271.7			279.7
Loss From Equity Method Investments	(5.3)			(0.5)
Income Tax Expense	97.4			102.7
Income Before Income Taxes	374.4			382.9
Interest Income	12.7			17.0
Interest Expense	58.5			63.0
Operating Profit	420.2			428.9
Add back: Amortization of intangible assets	20.8			21.6
Earnings before interest, taxes and amortization of intangible assets (“EBITA”)	$	441.0		$	450.5

Revenue	$	3,406.9		$	3,468.9
EBITA	$	441.0		$	450.5
EBITA Margin %	12.9		%	13.0		%

The above table reconciles the U.S. GAAP financial measure of Net Income – Omnicom Group Inc. to EBITA (defined as earnings before interest, taxes and amortization of intangibles) and EBITA Margin (defined as EBITA divided by revenue) for the periods presented. We use EBITA and EBITA margin as additional operating performance measures, which exclude the non-cash amortization expense of intangible assets (primarily consisting of amortization of intangible assets arising from acquisitions). Accordingly, we believe EBITA and EBITA margin are useful measures for investors to evaluate the performance of our business. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with U.S. GAAP. Non-GAAP financial measures reported by us may not be comparable to similarly titled amounts reported by other companies.

Omnicom Prices $600 million Senior Notes Offering

Posted on March 27, 2020December 10, 2020 by Revanth Ravish

NEW YORK, March 27, 2020 — Omnicom Group Inc. (NYSE: OMC) today announced the pricing of its public offering of $600 million aggregate principal amount of 4.200% Senior Notes due 2030 (the “Notes”). The Notes will mature on June 1, 2030. The transaction is expected to close on April 1, 2020, subject to customary closing conditions. The Notes will not be listed on any securities exchange or included in any automated quotation system.

The Notes will bear interest at a rate of 4.200 percent per annum. The Notes will be the unsecured and unsubordinated obligations of Omnicom Group Inc. and will rank equal in right of payment to all of its existing and future unsecured senior indebtedness.

Omnicom Group Inc. intends to use the net proceeds from the sale of the Notes for general corporate purposes, which could include working capital expenditures, fixed asset expenditures, acquisitions, repayment of commercial paper and short-term debt, refinancing of other debt or other capital transactions.

Citigroup Global Markets Inc., BofA Securities, Inc., J.P. Morgan Securities LLC, BNP Paribas Securities Corp., Mizuho Securities USA LLC and U.S. Bancorp Investments, Inc. are acting as joint book-running managers for the offering.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make an offer, solicitation or sale in such jurisdiction. The public offering is being made pursuant to an effective shelf registration statement that has been filed with the Securities and Exchange Commission (“SEC”). A final prospectus supplement related to the offering will be filed with the SEC and will be available on the SEC’s website at https://www.sec.gov. In addition, copies of the prospectus and prospectus supplement relating to the Notes offered in the offering may be obtained by contacting any of the following underwriters: Citigroup Global Markets Inc. at 1-800-831-9146, BofA Securities, Inc. toll-free at 1-800-294-1322, or J.P. Morgan Securities LLC at 1-212-834-4533.

About Omnicom

Omnicom Group Inc. 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 70 countries.

Forward-Looking Statements

Certain statements in this press release constitute forward-looking statements, including statements within the meaning of the Private Securities Litigation Reform Act of 1995. In addition, from time to time, we or our representatives have made, or may make, forward-looking statements, orally or in writing. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs of our management as well as assumptions made by, and information currently available to, our management. Forward-looking statements may be accompanied by words such as “aim,” “anticipate,” “believe,” “plan,” “could,” “should,” “would,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project” or similar words, phrases or expressions. These forward-looking statements are subject to various risks and uncertainties, many of which are outside our control. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include: international, national or local economic conditions that could adversely affect us or our clients, including those caused by the outbreak of coronavirus disease 2019 (COVID-19); losses on media purchases and production costs incurred on behalf of clients; reductions in client spending, a slowdown in client payments and a deterioration in the credit markets; the ability to attract new clients and retain existing clients in the manner anticipated; changes in client advertising, marketing and corporate communications requirements; failure to manage potential conflicts of interest between or among clients; unanticipated changes relating to competitive factors in the advertising, marketing and corporate communications industries; the ability to hire and retain key personnel; currency exchange rate fluctuations; reliance on information technology systems; changes in legislation or governmental regulations affecting us or our clients; risks associated with assumptions we make in connection with our critical accounting estimates and legal proceedings; and our international operations, which are subject to the risks of currency repatriation restrictions, social or political conditions and regulatory environment. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that may affect our business, including those described in Item 1A, “Risk Factors” and Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Omnicom Group Inc.’s Annual Report on Form 10-K for the year ended December 31, 2019 and other documents filed from time to time with the SEC. Except as required under applicable law, we do not assume any obligation to update these forward-looking statements.

Omnicom Retail Group Appoints Bryan Gildenberg, SVP, Commerce

Posted on March 12, 2020December 10, 2020 by Revanth Ravish

NEW YORK, March 12, 2020 /PRNewswire/ — Omnicom Retail Group (ORG) today announced the appointment of Bryan Gildenberg as Senior Vice President, Commerce. In this new position, Gildenberg will strengthen ORG’s retailer intelligence and partnerships, provide hands-on retail strategy, and evolve ORG’s transactional data and shopper insight capabilities. Gildenberg will report to ORG CEO Sophie Daranyi.

“Bryan has unparalleled retailer knowledge and insight and will play a pivotal role as we continue to further build out our commerce consultancy and capabilities. We continue to invest in and strengthen our shopper data within Omni, our people-based precision marketing and analytics platform, and Bryan will be instrumental in driving our connected commerce offer,” said Daranyi. “Working with our teams, Bryan will advise clients on retailer agendas, key trends and optimizing investments across consumer, customer marketing and trade budgets in the changing retail landscape.”

Gildenberg is an established retail expert and joins from Kantar’s retail consulting practice, where he was Chief Knowledge Officer, Retail and a member of the practice’s executive committee. He led the company’s analysis and insight offer and is an established writer, speaker and media commentator.

“ORG is re-shaping retail marketing in a world where conversion and awareness continue to merge, and I’m energized to help build the Group’s connected commerce offer as boundaries and traditional silos continue to disappear,” commented Gildenberg. “I’m looking forward to working with ORG’s clients and agencies.”

ABOUT OMNICOM RETAIL GROUP

Omnicom Retail Group is a collective of best in class consultancy, creativity and capability in retail, shopper and commerce marketing, focussed on driving sales growth through increased online and offline conversion and transaction. Formed to address the need for innovative multi-channel commerce expertise in the rapidly evolving world of retailing and shopping, ORG combines world class shopper capability and facilitates expertise across Omnicom Group. ORG brings together five award-winning agencies – The Integer Group, TracyLocke and Haygarth, TPN and The Marketing Arm. Employing over 2,500 people across 19 markets, the group also facilitates expertise across Omnicom Group providing multi-channel commerce consultancy and specialist teams. For more information please visit www.omnicomretailgroup.com

ABOUT OMNICOM GROUP INC.

Omnicom Group (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 70 countries. Follow us on Twitter for the latest news.

SOURCE Omnicom Retail Group

Porter Novelli Appoints David Bentley Chief Executive Officer

Posted on March 10, 2020December 10, 2020 by Revanth Ravish

NEW YORK, March 2, 2020 /PRNewswire/ — Porter Novelli, one of the world’s leading Purpose communication consultancies, announced today that David Bentley will assume the role of chief executive officer (CEO), effective immediately. As CEO, Bentley will continue to build on the organization’s mission to help companies and brands find, live and tell their purpose in order to make an impact and drive business results. This exciting announcement follows Porter Novelli’s selection as PRWeek’s Best Place to Work Large Agency, PRWeek’s inaugural Purpose Agency of the Year and PRWeek/PR Council’s Best Diversity Initiative Agency of the Year in 2019.

“It is an honor and privilege to join the ranks as CEO of the historic organization that is Porter Novelli. For more than 45 years, this company has successfully counseled clients and delivered award-winning work, all while making a positive impact,” said Bentley. “I am inspired by their work to date and am eager to help propel the organization swiftly and effectively into the future – for our people, our clients and our business.”

Bentley brings to Porter Novelli a deep background in digital and business strategy. He has spent his career both in agencies and most recently as a senior leader at McKinsey & Company, helping clients build new businesses, reimagining existing businesses and counseling CEOs on meeting the demands of today’s modern market.

“David’s diversity of experience across both agencies and consultancies gives him a unique understanding of today’s market dynamics,” said John Doolittle, acting CEO of Omnicom Public Relations Group. “Having spent his career creating, and innovating traditional businesses, he is well suited to lead Porter Novelli into the future as a global consultancy.”

Prior to McKinsey & Company, Bentley spent a decade in North America and European leadership positions at AKQA, before founding his own consultancy. In his career, he has counseled companies such as Google, Johnson & Johnson, Nike and Unilever.

About Porter Novelli
Porter Novelli is a global purpose communication consultancy born from the idea that the art of communication can advance society. More than 45 years ago, we opened our doors – and people’s eyes and minds – for brands driven to make a positive impact. Today, we believe that organizations must find, live and tell their purpose in order to thrive. Those companies will motivate action, secure loyalty and encourage advocacy — all in service to a healthier bottom line. Porter Novelli is a part of the Omnicom Public Relations Group.

About Omnicom Public Relations Group
Omnicom Public Relations Group is a global collective of three of the top global public relations agencies worldwide and specialist agencies in areas including public affairs, marketing to women, global health strategy and corporate social responsibility. It encompasses more than 6,300 public relations professionals in more than 370 offices worldwide who provide their expertise to companies, government agencies, NGOs and nonprofits across a wide range of industries. Omnicom Public Relations Group delivers for clients through a relentless focus on talent, continuous pursuit of innovation and a culture steeped in collaboration. Omnicom Public Relations Group is part of the DAS Group of Companies, a division of Omnicom Group Inc. (NYSE: OMC) that includes more than 200 companies in a wide range of marketing disciplines including advertising, public relations, healthcare, customer relationship management, events, promotional marketing, branding and research.

SOURCE Porter Novelli

BBDO Worldwide Tops WARC Creative 100 As The World’s Most Creative Agency Network

Posted on March 10, 2020December 10, 2020 by Revanth Ravish

NEW YORK, March 3, 2020 /PRNewswire/ — The World Advertising Research Center (WARC) has released the results of its second annual Creative 100, ranking the most creative agencies, networks and campaigns in the world. In 2019 The WARC Creative 100 replaced The Gunn Report as the definitive benchmark for creative success based on results from the most prestigious global and regional industry competitions.

For the second year in a row, BBDO Worldwide has topped the WARC Creative 100 as the most creative agency network in the world. This year also marks the 14th year in a row that BBDO has topped these creative rankings as the most creative agency network – 12 under the Gunn Report and now two under the WARC Creative 100.

Five BBDO offices were ranked among the world’s top 20 individual agencies, with AMVBBDO ranked #4, Impact BBDO at #5, AlmapBBDO at #13, CHE at #16 and BBDO New York ranked #17. A total of eight BBDO agencies were included in the top 50, contributing to the network’s success.

Ten BBDO-created campaigns were among the most awarded campaigns of the year, eight of which were among the top 50. These include: “Viva La Vulva” for Bodyform/Libresse from AMVBBDO (#2), “Safety Hub” for NRMA Insurance from CHE Proximity Melbourne (#10), “Naughty or Nice Bauble” for Myer from Clemenger BBDO Melbourne (#24), “Truck Art Childfinder” for Berger Paints from Impact BBDO Dubai & BBDO Lahore (#29), “The Blank Edition” for An-Nahar from Impact BBDO Dubai & Impact BBDO Beirut (31), “#DefyTheName” for Monica Lewinsky from BBDO New York (#43), “Stop Traffick” for Street Grace from BBDO Atlanta (#46) and “Zero Tolerance Ribbon” for 28 Too Many also from Impact BBDO Dubai (#47).

David Lubars, Chief Creative Officer Worldwide & Creative Chairman BBDO Worldwide, said “What makes me most proud of topping the WARC Creative 100 for the second year in a row is that it’s not just one agency or campaign. It’s multiple agencies delivering work for multiple clients across multiple forms and platforms.”

David Tiltman, VP Content, WARC, said: “Through our rigorous methodology, The WARC Creative 100 provides the ultimate independent global benchmark for the industry, spotlighting the most creative and inspirational marketing ideas from around the world and the companies behind them. We applaud BBDO Worldwide for its achievement of being ranked the world’s most creative agency network.”

BBDO is a part of Omnicom Group which was also ranked #1 Holding Company in the world by WARC this year.

The WARC Creative 100 is one of a series of rankings that will be published by WARC, offering an independent industry benchmark for creativity, media and effectiveness. This year’s WARC Creative 100 was compiled from global industry competitions including Cannes Lions, Clio Awards, D&AD, London International Awards and the One Show, along with regional competitions such as Adfest, Dubai Lynx, El Ojo de Iberoamérica, Eurobest, Golden Drum.

Further details can be found at www.warc.com/rankings

ABOUT BBDO
BBDO’s mantra is “The Work. The Work. The Work.” Every day, BBDO people in 289 offices in 81 countries work day by day, job by job and client by client to create and deliver the world’s most compelling commercial content. BBDO is part of Omnicom Group Inc. (NYSE: OMC) (www.omnicomgroup.com), a leading global marketing and corporate communications company.

ABOUT WARC
WARC is part of Ascential: the path-to-purchase company that combines intelligence, data and insights to drive growth in the digital economy. We do this by delivering an integrated set of business-critical products in the key areas of product design, marketing and sales.

For over 30 years WARC has been powering the marketing segment by providing rigorous and unbiased evidence, expertise and guidance to make marketers more effective. WARC services include 17,000+ case studies, 80,000+ best practice guides, research papers, special reports and advertising trend data, webinars, awards, events and advisory services; has 1,390 client companies, 25,500 active users in 100+ countries; collaborates with 50+ industry partners; has offices in the UK, US and Singapore.

SOURCE BBDO Worldwide

Omniwomen UK + Allies celebrates International Women’s Day with sixth annual Leadership Summit

Posted on March 10, 2020December 10, 2020 by Revanth Ravish

London, March 2020 – Omniwomen UK + Allies, a global initiative dedicated to increasing the number, seniority and influence of women across the Omnicom network, is set to host its sixth annual leadership summit on Tuesday 10^th March. For the second year running, the group is proud to be working with Theirworld, a children’s charity committed to ending the global education crisis. With Sarah Brown (President of TheirWorld) in attendance, who will be interviewed by June Sarpong CBE (Advisory Board of Theirworld and British television personality), the event will be raising funds to support three refugee women living in Lebanon through a three-year MBA. This is part of Omnicom’s commitment to the UN Strategic Development Goal for Education.

In honour of this year’s International Women’s Day, the summit will invite 300 Omniwomen UK delegates to experience a day of workshops and discussions, where Omnicom’s future leaders can find inspiration and mentorship from those who are already in positions of leadership. It is an opportunity to hear the personal stories and perspectives of industry leaders, debate the big issues, and feel part of a powerful and supportive network.

At a time when our world is more connected than ever, leaders need to present a suite of emotionally intelligent characteristics not only to keep up, but to pioneer the future. That’s why the theme of this year’s Summit ‘New leadership in a hyper-connected world’, celebrates the positive stereotypes typically attributed to women and encourages all gender identities to embrace these qualities in a world that’s always-on.

With talks from Jacqueline de Rojas CBE – President of techUK, Chair of the Board of Digital Leaders; Siobhan Benita – Lib Dem 2020 Mayoral candidate, and Lotte Jeffs – author of ‘How To Be A Gentlewoman: The Art of Soft Power in Hard Times’, the Summit will explore new leadership qualities that will define our future industry such as empathy and respect, unveiling research carried out by Hall & Partners that explores the behaviours that the network considers most valuable.

This year’s Co-Chair’s Natalie Bell and Carolyn Stebbings said: “Throughout the network we are making great strides to help women achieve their full potential at work. To do this, it’s essential to foster an environment where women feel empowered to recognise their individual stereotypes as strengths and embrace new leadership qualities to excel in a hyper-connected world.”

Since the launch of Omniwomen UK in 2015, the initiative has reached thousands of women and their male allies from the Omnicom network and has made good progress in increasing female representation in senior management across Omnicom companies. To date, over half (55%) of the leadership roles across the Omnicom network are currently held by women. The network has also seen a 93% increase in female representation on the Management Board in the last 5-years, with a 7% increase from 2019. But not one to stagnate, Omniwomen UK + Allies are dedicated to enabling women from all backgrounds to fulfil their potential, which is why this year’s Summit encourages women to bring their stereotypes to work and embrace individual and diverse leadership qualities.

The Omniwomen UK + Allies Summit will take place from 08:15 – 18:30 on Tuesday 10^th March 2020 at the London County Hall, Riverside Building. For more information and tickets, please visit: https://www.omnicomgroup.com/culture/diversity/omniwomen/

PR contact:

FleishmanHillard Fishburn

Kelly Hewitt

[email protected] / 0208 618 2974

About Omniwomen UK + Allies

Omniwomen UK + Allies is a global Omnicom initiative launched in 2014, committed to inspiring female leaders of the future and helping to increase the number, seniority and influence of women in Omnicom’s leadership roles.

Omniwomen UK + Allies’ Leadership Summit, held on or around International Women’s Day each year, provides a forum where Omnicom’s future female leaders can find inspiration and mentorship from those who are already in positions of leadership.

About Omnicom

Omnicom Group Inc. (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.

About Theirworld

Theirworld is an educational charity committed to ending the global education crisis. Founded in 2002 by Sarah Brown, Theirworld’s influence has grown while its very first project, the Jennifer Brown Research Laboratory at the University of Edinburgh, continues to this day.

In 2012, Theirworld became international in its outlook and scope, seeking to reach the most marginalised children and youth and give them the best start in life, a safe place to learn and the skills they need for the future of work.

Omnicom Agencies Begin 2020 With Prestigious Award Wins

Posted on March 10, 2020December 10, 2020 by Revanth Ravish

NEW YORK, March 10, 2020 /PRNewswire/ — Omnicom Group (NYSE: OMC) is beginning 2020 with a strong start, as its agencies top the lists for several industry and business awards highlighting creativity and innovation. Earlier today, two of its creative networks, BBDO and TBWA, were named to Fast Company’s annual list of the World’s Most Innovative Companies for 2020.

The list honors the businesses making the most profound impact on both industry and culture, showcasing a variety of ways to thrive in today’s fast-changing world. This marked the third consecutive year BBDO has made the list and the second year in a row for TBWA.

The recognition comes on the heels of the World Advertising Research Center (WARC) releasing the results of its Creative 100, a ranking of the most creative agencies, networks and campaigns in the world. All three of Omnicom’s creative networks ranked in the top five of the most awarded creative networks. BBDO Worldwide came in as #1 for the 14th consecutive year, DDB Worldwide came in as #2 for the second consecutive year and TBWA\Worldwide came in as #4.

WARC also recognized four Omnicom agencies in its ranking of the top 10 most awarded creative agencies. This included AMV BBDO, Impact BBDO, adam&eve DDB and DDB Africa. Due to the outstanding work of its agencies, Omnicom Group was named the world’s most awarded holding company for the third consecutive year.

“Awards are not just given, they are earned, and I am proud of our agencies for producing innovative and ground-breaking work that earns us top spots,” said John Wren, Chairman and CEO of Omnicom Group. “It is quite an accomplishment to repeatedly, over years, be honored as the most creative and innovative companies in such a competitive industry. I want to congratulate all of our people on their commitment and passion for creating exceptional work for our clients.”

Continuing the winning streak in media, OMD was recently named Global Media Agency of the Year by Adweek, a leading advertising industry publication. This marked the second year in a row OMD secured the coveted title and the sixth time since 2010. Adweek credited OMD for its outstanding comeback in 2018 and for using its momentum for repeatable success in 2019.

About Omnicom Group Inc.
Omnicom Group (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 70 countries. Follow us on Twitter for the latest news.

SOURCE Omnicom Group Inc.

Omnicom Group Provides Update on Current Impact of COVID-19

Posted on March 10, 2020December 10, 2020 by Revanth Ravish

NEW YORK, March 25, 2020 — Omnicom Group Inc. (NYSE: OMC) today announced an update related to coronavirus disease 2019 (COVID-19).

John D. Wren, Chairman and Chief Executive Officer of Omnicom, commented, “We have been closely monitoring the COVID-19 pandemic and its impact on our people, clients and operations. Our primary focus is ensuring the safety and well-being of our people. We have implemented a global work from home policy and the majority of our people around the world are currently working remotely. We also continue to support our clients and the communities impacted. Our teams have pivoted quickly to develop insights and creative ideas that can assist our clients and their customers in this new environment. While it is too early to predict the full impact of the pandemic on our business, we are confident that Omnicom has the expertise and resources necessary to weather this difficult period.”

Business Update

As we focus on the safety of our people and do our part to stop the spread of COVID-19, we continue to evaluate the impact of COVID-19 on our clients and operations, as well as the impact of related government actions such as travel restrictions, limitations on public gatherings, shelter in place orders and mandatory closures. These actions pose a risk that clients may reduce their demand for our services and could result in a reduction in our revenue, which would adversely affect our operations. We have a diversified portfolio of businesses, geographies and clients, some of which will be impacted more significantly than others.

In the current environment, a major priority for us is preserving liquidity. Omnicom’s primary liquidity sources are operating cash flow, cash and cash equivalents and short-term investments. As of December 31, 2019, our cash and cash equivalents and short-term investments totaled $4.3 billion. Omnicom has six tranches of notes approximating $5.1 billion which mature between 2022 and 2031. No more than $1.4 billion of such notes matures in any given year and none of such notes mature prior to May 1, 2022. Although we expect to experience a decrease in our cash flow from operations as a result of the impact of COVID-19, we have a $2.5 billion multi-currency revolving credit facility expiring February 2025 and access to the capital markets that provide us with additional liquidity.

In recent weeks, we have strengthened existing measures to mitigate the effect of COVID-19 on our business, including with respect to our discretionary costs, cash position and liquidity. However, we are unable at this time to predict the impact of COVID-19 on our operations and liquidity, and depending on the magnitude and duration of the COVID-19 pandemic, such impact may be material. We will provide an update on our first quarter earnings release and earnings call.

About Omnicom Group Inc.

Forward-looking Statements

Certain statements in this press release constitute forward-looking statements, including statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs of Omnicom’s management as well as assumptions made by, and information currently available to, Omnicom’s management. Forward-looking statements may be accompanied by words such as “aim,” “anticipate,” “believe,” “plan,” “could,” “should,” “would,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project” or similar words, phrases or expressions.

These forward-looking statements are subject to various risks and uncertainties, many of which are outside Omnicom’s control. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include: international, national or local economic conditions that could adversely affect Omnicom or its clients, including those caused by the outbreak of coronavirus disease 2019 (COVID-19); losses on media purchases and production costs incurred on behalf of clients; reductions in client spending, a slowdown in client payments and a deterioration in the credit markets; the ability to attract new clients and retain existing clients in the manner anticipated; changes in client advertising, marketing and corporate communications requirements; failure to manage potential conflicts of interest between or among clients; unanticipated changes relating to competitive factors in the advertising, marketing and corporate communications industries; the ability to hire and retain key personnel; currency exchange rate fluctuations; reliance on information technology systems; changes in legislation or governmental regulations affecting Omnicom or its clients; risks associated with assumptions Omnicom makes in connection with its critical accounting estimates and legal proceedings; and Omnicom’s international operations, which are subject to the risks of currency repatriation restrictions, social or political conditions and regulatory environment. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that may affect Omnicom’s business, including those described in Item 1A, “Risk Factors” in Omnicom’s most recent Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. Except as required under applicable law, Omnicom does not assume any obligation to update these forward-looking statements.

Omnicom Celebrates International Women’s Day 2020

Posted on March 4, 2020December 10, 2020 by Revanth Ravish

In honor of International Women’s Day (IWD), Omnicom agencies around the world will come together to celebrate the professional and personal achievements of women within the Omnicom Group and to reflect on progress made. This will also include several events hosted by Omniwomen, Omnicom’s internal organization that is dedicated to strengthening the number of female leaders in the Omnicom network.

For a sampling of Omnicom’s IWD activities, please see our roundup provided below. If you have any questions about a particular event/campaign or inquiries on how to get involved, please reach out to Katie Beaule at [email protected].

Omniwomen:

Chapter Plans

On March 10th in London, Omniwomen UK + Allies will host their sixth-annual IWD Leadership Summit. The day is designed to bring new and aspiring leaders together in an open and supportive environment to meet, learn and share ideas and experiences. Around 300 employees will enjoy a day of workshops and discussions, including talks from speakers such as Sarah Brown, President of Theirworld, a charity that Omnicom supports as part of its commitment to the UN’s Strategic Development Goal for Quality Education. The summit will inspire and champion diverse leaders in STEM roles.
Omniwomen Chicago will be hosting two activations this IWD. The first will be an all-agency activation on March 5th where groups from each agency will gather at a professional studio to take photos for the larger IWD #EachforEqual social media campaign. The second activation will be held over breakfast on March 10th and encourage Omnicom changemakers to gather for a roundtable discussion on women’s equity. Senior leaders from several Omnicom agencies will explore gender bias in the workplace and the important issues facing women in our industry.
Omniwomen Milwaukee will be celebrating IWD by holding conversations to help raise awareness against bias and advocate for a gender equal world. On Wednesday, March 11th, the chapter will be screening the documentary film Losing Lena. The viewing of this documentary will lead to a curated discussion about equality, bias and privacy in the workplace.

CPM International:

To show its support of women this month and to amplify the 2020 IWD theme #EachforEqual, CPM offices globally will be hosting an abundance of activities from India to Barcelona, France, the UK and more. In Barcelona, CPM offices will be having a raffle for charity. All money raised during the raffle will be donated to Fundación Ana Bella, an international non-profit organization founded in Spain that supports women who have survived abuse with a mission to create a violence-free society. In Ireland, CPM will be sponsoring the International Women’s Day Gala Lunch hosted by The Executive Institute and fundraising for the National Women’s Council of Ireland. The CPM office in India will be screening a movie focused on fighting for self-respect and battling gender bias, a burden that married women constantly face in India. Discussions around tolerance levels in marriages will follow.

Credera:

On Friday March 6th, Credera Women’s Network will host an International Women’s Day celebration at each of Credera’s office locations. During the event, Crederians will have the opportunity to recognize the women who have made an extraordinary impact on their lives. They’ll also set intentions for how each person can contribute to creating an equal world, consistent with this year’s #EachforEqual theme. The results of the activity will be displayed as a reminder of the role each person can play in celebrating women and advocating for gender equality.

DDB:

This year, in honor of IWD, DDB will be printing books with women leaders interpreting and sharing their stories around DDB’s Four Freedoms, originally developed by Keith Reihnard:

Freedom from Fear
Freedom to Fail
Freedom from Chaos
Freedom to Be

The printed versions will be used as desk drops in the New York, Chicago and San Francisco offices. Digital versions will be shared on social as well.

Energy BBDO:

To continue support for IWD, Energy BBDO will renew its membership of She Runs It for all employees. Designed to encourage and promote women’s role in the advertising industry, She Runs It holds classes and dinners with presentations on advertising best practices while also giving out scholarships encouraging girls to pursue degrees in advertising.

GMR:

In celebration of International Women’s Day, GMR Marketing will host an interactive session inspiring everyone to move off the sidelines to support complex change in gender equality. Bill Proudman, CEO and co-founder of White Men as Full Diversity Partners, will be the keynote speaker for the event, and the session will be live-streamed to all GMR offices.

In addition, GMR’s Charlotte office has a number of activities scheduled, including self-defense training and a Women in Sports and Events (WISE) panel featuring GMR’s chief client officer Cameron Wagner.

Ketchum:

This IWD, Ketchum will be supporting Women’s Business Collaborative—a new organization that aims to accelerate women in business—by offering pro bono services for its IWD event on March 9th.

OMD:

OMD will be celebrating IWD this year with a week full of speakers, trainings and #EachForEqual social content. The agency will kick-off the week of March 9th with a panel led by Jenny Garrett, a leading women’s empowerment inspirational speaker. OMD EMEA CEO, Guy Marks, will open the session talking about steps the agency has taken towards equality and what OMD is planning for 2020. In addition, Stacey Stockwell will be stepping in to train employees on disability awareness and mental health.

PHD Worldwide:

In honor of IWD, PHD will post images of leadership from around the network in the #EachforEqual pose along with a quote on what International Women’s Day means to them. In the March edition of her bi-monthly newsletter, CEO of PHD Worldwide Philippa Brown will be focusing on IWD and featuring the recent successes and highlights of female leadership around the network. PHD is to be featured in WeAreTheCity in celebration of IWD.

Porter Novelli:

On March 10th, in celebration of IWD, Porter Novelli will host a panel of accomplished female leaders that will come together to discuss how they’ve made power moves to earn noteworthy positions while redefining success through purpose. The panel will address how to bring your whole self to work, how to own leadership skills deemed “female”, how to achieve self-mastery, self-esteem and self-care, and how to share your power. Some panel members will include Sara Porritt, Senior Director and USA D&I Lead at OMD and Ayanna Robinson, EVP at Porter Novelli.

RAPP:

During the month of IWD, RAPP has various activations planned both digitally and internally. To start, it will be spotlighting female leaders within Omnicom once a week throughout the entire month along with fearless female clients. Local offices will then be hosting a series of breakfasts, speaker sessions, donation drives and more on Monday March 9th to show support for gender equity. In addition, on March 11th, RAPP will be hosting a panel featuring some of its key female leaders as well as male ally, Global CEO Marco Scognamiglio.

Siegel+Gale:

On Tuesday, March 3rd, Siegel+Gale hosted its sixth annual IWD celebration featuring a conversation with preeminent marketing executives. This invite-only experience convened 50 senior marketing executives from the most prominent companies in the New York area. CMO, Margaret Molloy led a conversation around the challenges of building brands and forging a gender equal world. Panelists shared their personal journeys as leaders and the lessons they’ve learned along the way. Siegel+Gale will be hosting 5 global activations this year across London, Zurich, New York, San Francisco and LA. Last year, Siegel+Gale was recognized and awarded by International Women’s Day for its efforts. Read more here.

sparks & honey:

Sparks & honey is hosting three special Culture Briefings throughout March exploring the power of women in different spaces and the opportunities to advance women’s equality:

Women Rising, March 5th: In partnership with The Quorum Initiative, sparks & honey will co-host a special briefing on the power women have in the coming election. RSVP here.
The Future of Equality, March 12th: In partnership with the Women’s Business Collaborative, sparks & honey will co-host a special briefing focused on equality for women in all aspects of life starting from conception through their career.
Women in the Workplace, March 24th: As part of sparks & honey’s Diversity & Innovation briefing series co-hosted with ADCOLOR, this briefing is focused on exploring the different opportunities for brands and corporations to include women in the workplace.

These events are free and open to the public, and you can sign up here to attend. If you can’t make it in person, you can tune in on LinkedIn and Facebook at 12:05pm for the full-hour.

TBWA:

The TBWA collective has a variety of local IWD efforts happening in its various markets around the world. Several offices will be hosting speaker sessions with influential female leaders, fundraising and supporting local charities and non-profit organizations in their region. Other local activations include:

Juniper Park\TBWA is launching #NotaMirror2020, an initiative calling on the public to submit their own reimagined designs of “the female symbol.” ♀ The agency aims to challenge the symbol’s history, which dates back to the 16th century when French scholar Joseph Justus Scaliger deemed it to represent a hand mirror for Venus, “the Goddess of Beauty”.
TBWA\Asia Pacific agencies will launch an IWD research piece, which feeds into the region’s overall thought leadership program in 2020. The program includes quarterly themes, with IWD kicking off the first theme to focus on the challenges and opportunities of getting gender stereotypes right.
TBWA\Thailand is partnering with client L’Oreal Paris to implement the brand’s “Stand Up Against Street Harassment” campaign internally. The agency will host training sessions for both men and women on how to stand up against harassment, under the campaign’s 5Ds of instruction: Distract, Delay, Delegate, Document and Direct.
TBWA\London has created a campaign which celebrates outdated stereotypes of female leadership qualities previously unwelcomed in the workplace, such as empathy, vulnerability, kindness and generosity, calling for everyone to celebrate these leadership qualities and ‘Bring Your Stereotype to Work’, to mark this year’s IWD.

The Marketing Arm:

This International Women’s Day, The Marketing Arm will invite employees to celebrate the awesome women in their lives with Mad-Lib-style postcards. Later in the month, the agency will be hosting social events across all of its offices to highlight women-owned businesses.

Omnicom Prices $600 million Senior Notes Offering

Posted on February 19, 2020December 10, 2020 by Revanth Ravish

NEW YORK, Feb. 19, 2020 — Omnicom Group Inc. (NYSE: OMC) today announced the pricing of its public offering of $600 million aggregate principal amount of 2.450% Senior Notes due 2030 (the “Notes”). The Notes will mature on April 30, 2030. The transaction is expected to close on February 21, 2020, subject to customary closing conditions. The Notes will not be listed on any securities exchange or included in any automated quotation system.

The Notes will bear interest at a rate of 2.450 percent per annum. The Notes will be the unsecured and unsubordinated obligations of Omnicom Group Inc. and will rank equal in right of payment to all of its existing and future unsecured senior indebtedness.

Omnicom Group Inc. intends to use the net proceeds from the sale of the Notes, together with cash on hand, to redeem its 4.45% Senior Notes due 2020 co-issued with Omnicom Capital Inc., which mature on August 15, 2020, and of which $600 million aggregate principal amount was outstanding as of December 31, 2019.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, BofA Securities, Inc. and HSBC Securities (USA) Inc. are acting as joint book-running managers for the offering.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make an offer, solicitation or sale in such jurisdiction. The public offering is being made pursuant to an effective shelf registration statement that has been filed with the Securities and Exchange Commission (“SEC”). A final prospectus supplement related to the offering will be filed with the SEC and will be available on the SEC’s website at https://www.sec.gov. In addition, copies of the prospectus and prospectus supplement relating to the Notes offered in the offering may be obtained by contacting any of the following underwriters: Citigroup Global Markets Inc. at 1-800-831-9146, J.P. Morgan Securities LLC at 1-212-834-4533 or Wells Fargo Securities, LLC at 1-800-645-3751. This press release does not constitute a notice of redemption with respect to the 4.45% Senior Notes due 2020.

About Omnicom

Forward-Looking Statements

Certain statements in this press release constitute forward-looking statements, including statements within the meaning of the Private Securities Litigation Reform Act of 1995. In addition, from time to time, we or our representatives have made, or may make, forward-looking statements, orally or in writing. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs of our management as well as assumptions made by, and information currently available to, our management. Forward-looking statements may be accompanied by words such as “aim,” “anticipate,” “believe,” “plan,” “could,” “should,” “would,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project” or similar words, phrases or expressions. These forward-looking statements are subject to various risks and uncertainties, many of which are outside our control. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include: international, national or local economic conditions that could adversely affect us or our clients; losses on media purchases and production costs incurred on behalf of clients; reductions in client spending, a slowdown in client payments and a deterioration in the credit markets; the ability to attract new clients and retain existing clients in the manner anticipated; changes in client advertising, marketing and corporate communications requirements; failure to manage potential conflicts of interest between or among clients; unanticipated changes relating to competitive factors in the advertising, marketing and corporate communications industries; the ability to hire and retain key personnel; currency exchange rate fluctuations; reliance on information technology systems; changes in legislation or governmental regulations affecting us or our clients; risks associated with assumptions we make in connection with our critical accounting estimates and legal proceedings; and our international operations, which are subject to the risks of currency repatriation restrictions, social or political conditions and regulatory environment. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that may affect our business, including those described in Item 1A, “Risk Factors” and Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Omnicom Group Inc.’s Annual Report on Form 10-K for the year ended December 31, 2019. Except as required under applicable law, we do not assume any obligation to update these forward-looking statements.

Omnicom Extends Agreement of $2.5 Billion Revolving Credit Facility

Posted on February 14, 2020December 11, 2020 by Revanth Ravish

Omnicom Group Schedules Fourth Quarter and Full Year 2019 Earnings Release and Conference Call

Posted on February 11, 2020December 11, 2020 by Revanth Ravish

Omnicom Group Reports Fourth Quarter and Full Year 2019 Results

Posted on February 11, 2020December 11, 2020 by Revanth Ravish

NEW YORK, Feb. 11, 2020 — Omnicom Group Inc. (NYSE: OMC) today announced that its diluted net income per share for the fourth quarter of 2019 increased twelve cents, or 6.8%, to $1.89 per share compared to $1.77 for the fourth quarter of 2018. Net income – Omnicom Group Inc. for the fourth quarter of 2019 increased $15.8 million, or 4.0%, to $415.0 million compared to $399.2 million in the fourth quarter of 2018.

Omnicom’s worldwide revenue in the fourth quarter of 2019 increased 1.3% to $4,141.2 million from $4,086.7 million in the fourth quarter of 2018. The components of the change in revenue included a decrease in revenue from the negative impact of foreign currency translation of 0.9%, a decrease in acquisition revenue, net of disposition revenue of 1.2% and an increase in revenue from organic growth of 3.5% when compared to the fourth quarter of 2018.

Organic growth in the fourth quarter of 2019 as compared to the fourth quarter of 2018 in our five fundamental disciplines was as follows: Advertising increased 5.1%, CRM Consumer Experience increased 3.3%, CRM Execution & Support decreased 6.0%, Public Relations decreased 2.5% and Healthcare increased 12.9%.

Across our regional markets, organic growth in the fourth quarter of 2019 as compared to the fourth quarter of 2018 was as follows: the United States increased 2.8%, Other North America decreased 2.3%, the United Kingdom increased 3.3%, the Euro Markets and Other Europe increased 4.7%, Asia Pacific increased 4.5%, Latin America decreased 1.3% and the Middle East and Africa increased 19.5%.

Operating profit in the fourth quarter of 2019 increased $19.2 million, or 3.1%, to $646.4 million from $627.2 million during the fourth quarter of 2018. Our operating margin for the fourth quarter of 2019 increased to 15.6% versus 15.3% for the fourth quarter of 2018.

For the fourth quarter of 2019, our effective income tax rate was 26.1%, which was unchanged when compared to the same period in 2018.

Full Year

Diluted net income per share for the twelve months ended December 31, 2019 increased twenty-three cents, or 3.9%, to $6.06 per share compared to $5.83 per share for the twelve months ended December 31, 2018. Net income – Omnicom Group Inc. for the twelve months ended December 31, 2019 increased $12.7 million, or 1.0%, to $1,339.1 million compared to $1,326.4 million in the same period in 2018.

Net income – Omnicom Group Inc. for the twelve months ended December 31, 2018 includes a net after-tax increase of $18.2 million as a result of a net gain on dispositions of certain subsidiaries, less charges in connection with repositioning actions and an increase to income tax expense for adjustments related to the 2017 provisional amounts for the effect of the Tax Cuts and Jobs Act (the “2017 Tax Act”), as discussed further below.

Adjusting for the impact of those items, net income – Omnicom Group Inc. for the twelve months ended December 31, 2019 would have increased $30.9 million and diluted net income per share would have increased thirty-one cents per share, or 5.4%.

Primarily due to the negative effects of foreign exchange rates and disposition activity in excess of acquisitions over the past year, worldwide revenue for the twelve months ended December 31, 2019 decreased 2.2% to $14,953.7 million from $15,290.2 million in the same period of 2018. The components of the change in revenue included a decrease in revenue from the negative impact of foreign currency translation of 2.1%, a decrease in acquisition revenue, net of disposition revenue of 2.9% and an increase in revenue from organic growth of 2.8% when compared to the same period of 2018.

Organic growth for the twelve months ended December 31, 2019 compared to the same period in 2018 in our five fundamental disciplines was as follows: Advertising increased 4.5%, CRM Consumer Experience increased 1.6%, CRM Execution & Support decreased 3.2%, Public Relations decreased 2.0% and Healthcare increased 9.5%.

Across our regional markets, organic growth for the twelve months ended December 31, 2019 as compared to the same period of 2018 was as follows: the United States increased 2.7%, Other North America increased 4.2%, the United Kingdom increased 3.3%, the Euro Markets and Other Europe increased 3.0%, Asia Pacific increased 2.2%, Latin America decreased 0.2% and the Middle East and Africa increased 6.5%.

Operating profit for the twelve months ended December 31, 2019 decreased $11.2 million, or 0.5%, to $2,122.3 million from $2,133.5 million for the twelve months ended December 31, 2018. Our operating margin for the twelve months ended December 31, 2019 increased to 14.2% versus 14.0% for the same period of 2018. Operating profit for the twelve months ended December 31, 2018 reflects a net pre-tax increase of $29.0 million from the net gain on dispositions of certain subsidiaries of $178.4 million, which arose primarily from the sale of Sellbytel, our European-based outsourced sales, service and support business, less expenses of $149.4 million in connection with repositioning actions related to the continuing improvement of the strategic position and operating efficiencies of our businesses.

Adjusting for the impact of those items, operating profit for the twelve months ended December 31, 2019 increased $17.8 million, or 0.8%, to $2,122.3 million from $2,104.5 million for the same period in 2018, while operating margin for the twelve months ended December 31, 2019 increased to 14.2% versus 13.8% for the same period of 2018.

For the twelve months ended December 31, 2019, our effective income tax rate was 26.0% compared to 25.6% for the same period in 2018. The effective tax rate for the twelve months of 2018 reflects the impact of a lower tax rate on the net gain on dispositions of subsidiaries in the third quarter of 2018, substantially offset by an increase in tax expense reflecting an adjustment to the provisional amounts related to the 2017 Tax Act.

Non-GAAP Financial Measures

We use certain non-GAAP financial measures in describing our performance. 2018 Non-GAAP Adjusted results (which include Operating Profit – 2018 Non-GAAP Adjusted and Net Income – Omnicom Group Inc., 2018 Non-GAAP Adjusted), which adjusts for the impact of the net gain recognized on dispositions of certain subsidiaries, certain repositioning actions and the revision of the provisional income tax expense amounts recorded in connection with the enactment of the 2017 Tax Act, are presented in the full year results presented above and in the tables in this release. We believe that the 2018 Non-GAAP Adjusted results are useful measures for investors to understand the impact these actions had on the comparability of our reported results.

Definitions – Components of Revenue Change

We use certain terms in describing the components of the change in revenue above.

Organic growth: calculated by subtracting the foreign exchange rate impact component and the acquisition revenue, net of disposition revenue component from total revenue growth.

About Omnicom Group Inc.

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. Follow us on Twitter for the latest news.

For a live webcast or a replay of our fourth quarter earnings conference call, go to https://investor.omnicomgroup.com/investor-relations/news-events-and-filings.

Omnicom Group Inc. Consolidated Statements of Income Three Months Ended December 31 (Unaudited) (Dollars in Millions, Except Per Share Data)

	2019		2018

Revenue	$	4,141.2	$	4,086.7
Operating Expenses:
Salary and service costs	3,034.7		2,986.3
Occupancy and other costs	306.4		292.9
Costs of services	3,341.1		3,279.2
Selling, general and administrative expenses	97.5		119.0
Depreciation and amortization	56.2		61.3
	3,494.8		3,459.5
Operating Profit	646.4		627.2
Interest Expense	52.0		68.3
Interest Income	13.4		15.2
Income Before Income Taxes	607.8		574.1
Income Tax Expense	158.8		149.7
Income From Equity Method Investments	0.8		5.3
Net Income	449.8		429.7
Net Income Attributed To Noncontrolling Interests	34.8		30.5
Net Income – Omnicom Group Inc.	$	415.0	$	399.2

Net income per share – Omnicom Group Inc.
Basic	$	1.90	$	1.78
Diluted	$	1.89	$	1.77

Weighted average shares (in millions)
Basic	218.2		224.6
Diluted	219.3		225.6

Dividends Declared Per Common Share	$	0.65	$	0.60

	Omnicom Group Inc. Consolidated Statements of Income Twelve Months Ended December 31 (Unaudited) (Dollars in Millions, Except Per Share Data)

		2019		2018 ^{(a) (b)}

	Revenue	$	14,953.7	$	15,290.2
	Operating Expenses:
	Salary and service costs	10,972.2		11,306.1
	Occupancy and other costs	1,221.8		1,309.6
	Net gain on dispositions of subsidiaries	—		(178.4)
	Costs of services	12,194.0		12,437.3
	Selling, general and administrative expenses	405.9		455.4
	Depreciation and amortization	231.5		264.0
		12,831.4		13,156.7
	Operating Profit	2,122.3		2,133.5
	Interest Expense	244.3		266.4
	Interest Income	60.3		57.2
	Income Before Income Taxes	1,938.3		1,924.3
	Income Tax Expense	504.4		492.7
	Income From Equity Method Investments	2.0		8.9
	Net Income	1,435.9		1,440.5
	Net Income Attributed To Noncontrolling Interests	96.8		114.1
	Net Income – Omnicom Group Inc.	$	1,339.1	$	1,326.4

	Net income per share – Omnicom Group Inc.
	Basic	$	6.09	$	5.85
	Diluted	$	6.06	$	5.83

	Weighted average shares (in millions)
	Basic	219.8		226.6
	Diluted	220.9		227.6

	Dividends Declared Per Common Share	$	2.60	$	2.40

(a)	During the third quarter of 2018, we disposed of certain subsidiaries and recorded a net gain, primarily related to the sale of Sellbytel, our outsourced sales, service and support company. Additionally, during the third quarter of 2018, we recorded expenses for certain repositioning actions related to the continued improvement of our strategic position and operating efficiencies of our businesses. Lastly, income tax expense in the third quarter of 2018 includes additional expense related to an adjustment to the estimate of the impact of the 2017 Tax Act, as described in footnote (b) below. The net impact of these items increased operating profit by $29.0 million and Net Income – Omnicom Group Inc. by $18.2 million for the twelve months ended December 31, 2018. Additional information regarding the net gain and repositioning actions is presented in the tables on the following pages.

(b)	Income tax expense for the twelve months ended December 31, 2018 reflected a net increase of $28.9 million related to an adjustment, recorded in the third quarter of 2018, to the provisional amounts recorded for the 2017 Tax Act.

	Omnicom Group Inc. Impact of Net Gain on Third Quarter 2018 Dispositions and Repositioning Actions on Operating Expenses Twelve Months Ended December 31, 2018 (Unaudited) (Dollars in Millions)

		Repositioning Actions		Net Gain on Dispositions		Total

	Operating Expenses ^(a):
	Salary and service costs	$	73.7	$	—	$	73.7
	Occupancy and other costs	73.5		—		73.5
	Net gain on dispositions of subsidiaries	—		(178.4)		(178.4)
	Costs of services	147.2		(178.4)		(31.2)
	Selling, general and administrative expenses	2.2		—		2.2
	Depreciation and amortization	—		—		—
	Operating Expenses	$	149.4	$	(178.4)	$	(29.0)

(a)	The table above identifies the impact of the pre-tax gain on dispositions of certain subsidiaries and repositioning actions we took in the third quarter of 2018 on the components of our operating expenses for the twelve months ended December 31, 2018.

Omnicom Group Inc. Non-GAAP Financial Measures – Adjusted for the Net Gain on Third Quarter 2018 Dispositions, Repositioning Actions and Tax Reform Act Adjustments Twelve Months Ended December 31 (Unaudited) (Dollars in Millions, Except Per Share Data)

	2019		2018 ^{(a) (b)}		2018 Non- GAAP Adjusted^{(a) (b)}

Operating Profit	$	2,122.3	$	2,133.5	$	2,104.5
Net Interest Expense	184.0		209.2		209.2
Income Tax Expense	504.4		492.7		488.8
Income From Equity Method Investments	2.0		8.9		8.9
Net Income Attributed To Noncontrolling Interests	96.8		114.1		107.2
Net Income – Omnicom Group Inc.	$	1,339.1	$	1,326.4	$	1,308.2

Diluted net income per share – Omnicom Group Inc.	$	6.06	$	5.83	$	5.75

Diluted weighted average shares (in millions)	220.9		227.6		227.6

The table above identifies the U.S. GAAP financial measures of Operating Profit, Net Income – Omnicom Group Inc. and diluted net income per share – Omnicom Group Inc., as well as the non-GAAP financial measures adjusted for the impact of the net gain recognized on dispositions of certain subsidiaries, certain repositioning actions and the revision of the provisional income tax expense amounts recorded in connection with the enactment of the 2017 Tax Act, in the column entitled “2018 Non-GAAP Adjusted” for the twelve months ended December 31, 2018. We believe that the amounts presented in the “2018 Non-GAAP Adjusted” column are useful measures for investors to understand the impact these items had on the comparability of our reported results. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with U.S. GAAP. Non-GAAP financial measures reported by us may not be comparable to similarly titled amounts reported by other companies.

(a) During the third quarter of 2018, we disposed of certain subsidiaries and recorded a net gain, primarily related to the sale of Sellbytel, our outsourced sales, service and support company. Additionally, during the third quarter of 2018, we recorded expenses for certain repositioning actions related to the continued improvement of our strategic position and operating efficiencies of our businesses. Lastly, income tax expense in the third quarter of 2018 includes additional expense related to an adjustment to the estimate of the impact of the 2017 Tax Act, as described in footnote (b) below. The net impact of these items increased operating profit by $29.0 million and Net Income – Omnicom Group Inc. by $18.2 million for the twelve months ended December 31, 2018. Additional information regarding the net gain and repositioning actions are presented in the table on the preceding page.

(b) Income tax expense for the twelve months ended December 31, 2018 reflected a net increase of $28.9 million related to an adjustment, recorded in the third quarter of 2018, to the provisional amounts recorded for the 2017 Tax Act recorded in the third quarter of 2018.

Omnicom Group Inc. Reconciliation of Non-GAAP Financial Measures – Operating Profit, 2018 Non-GAAP Adjusted Twelve Months Ended December 31 (Unaudited) (Dollars in Millions)

	2019		2018

Net Income – Omnicom Group Inc.	$	1,339.1	$	1,326.4
Net Income Attributed To Noncontrolling Interests	96.8		114.1
Net Income	1,435.9		1,440.5
Income From Equity Method Investments	2.0		8.9
Income Tax Expense	504.4		492.7
Income Before Income Taxes	1,938.3		1,924.3
Interest Income	60.3		57.2
Interest Expense	244.3		266.4
Operating Profit	2,122.3		2,133.5
Net gain on dispositions of subsidiaries	—		(178.4)
Repositioning actions	—		149.4
Operating Profit, 2018 Non-GAAP Adjusted	$	—	$	2,104.5

Revenue	$	—	$	15,290.2
Operating Profit, 2018 Non-GAAP Adjusted	$	—	$	2,104.5
Operating Margin, 2018 Non-GAAP Adjusted	— %		13.8 %



The table above reconciles the U.S. GAAP financial measures of Operating Profit and Operating Margin to the non-GAAP financial measures of Operating Profit, 2018 Non-GAAP Adjusted and Operating Margin, 2018 Non-GAAP Adjusted, which adjusts for the impact of the net gain recognized on dispositions of certain subsidiaries and expenses in connection with certain repositioning actions, all of which were recorded in the third quarter of 2018, for the twelve months ended December 31, 2018. We believe that the amounts adjusted for the impact of these items are useful measures for investors to understand the impact these actions had on the comparability of our reported results. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with U.S. GAAP. Non-GAAP financial measures reported by us may not be comparable to similarly titled amounts reported by other companies.

Omnicom Group Inc. Reconciliation of Non-GAAP Financial Measures – Net Income – Omnicom Group Inc., 2018 Non-GAAP Adjusted Twelve Months Ended December 31, 2018 (Unaudited) (Dollars in Millions)

	Twelve Months Ended December 31, 2018

Net Income – Omnicom Group Inc., as reported	$	1,326.4
Net gain on dispositions, before income tax expense	(178.4)
Repositioning actions – Incremental Severance and other items, before income tax expense	75.9
Repositioning actions – Lease terminations, before income tax expense	73.5
Income tax benefit on repositioning actions, less income tax expense on net gain from dispositions	(25.0)
Allocation of above items to non-controlling interests	6.9
Increase in income tax expense for revision of provisional estimates in connection with adoption of 2017 Tax Act	28.9
Net Income – Omnicom Group Inc., 2018 Non-GAAP Adjusted	$	1,308.2



The table above reconciles the U.S. GAAP financial measure of Net Income – Omnicom Group Inc. to the non-GAAP financial measure of Net Income – Omnicom Group Inc., 2018 Non-GAAP Adjusted, which adjusts for the impact of the net gain recognized on dispositions of certain subsidiaries, certain repositioning actions and the revision of the provisional income tax expense amounts recorded in connection with the enactment of the 2017 Tax Act, for the twelve months ended December 31, 2018. We believe the amounts adjusted for the impact of these items are useful measures for investors to understand the impact these actions had on the comparability of our reported results. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with U.S. GAAP. Non-GAAP financial measures reported by us may not be comparable to similarly titled amounts reported by other companies.

Omnicom Group Inc. Declares Dividend

Posted on February 11, 2020December 11, 2020 by Revanth Ravish

Omnicom at CES 2020

Posted on January 2, 2020January 12, 2021 by Revanth Ravish

Omnicom Group Names Karen van Bergen Dean of Omnicom University

Posted on December 11, 2019December 11, 2020 by Revanth Ravish

NEW YORK, Dec. 11, 2019 /PRNewswire/ — Omnicom Group Inc. (NYSE: OMC) Chairman and CEO John Wren today announced the appointment of Karen van Bergen as Dean of Omnicom University. Van Bergen previously served as CEO of Omnicom Public Relations Group (OPRG). John Doolittle, President of The DAS Group of Companies, will assume van Bergen’s responsibilities at OPRG as CEO while an external search is conducted to find a permanent successor.

Established in 1995, Omnicom University (OU) is the holding company’s long-standing management development program with more than 5,000 global alumni. Considered one of the pre-eminent professional development programs within the industry, the program is formatted based on the HBS case study method and is led by some of the most renowned professors from Harvard Business School, IESE Business School in Spain, and CEIBS, China Europe International Business School. By assuming this role, van Bergen will serve as the third Dean in the program’s history, following Janet Riccio and founder Tom Watson.

“Developing current and future leaders is critical to our mission of solving our clients’ most pressing business challenges through innovation and creativity,” said Karen van Bergen. “I am deeply honored to continue the work of my dear friend Janet Riccio and to lead a program as well-established as Omnicom University.”

Van Bergen joined Omnicom in 2007, holding leadership roles at FleishmanHillard and Porter Novelli. In 2016, she was named the CEO of Omnicom Public Relations Group, focusing on strategic growth areas including talent, innovation and cross-agency collaboration.

“A key quality which has always distinguished Karen as a leader is her passion for attracting, retaining and developing the best talent in our business,” says John Wren, Chairman and CEO of Omnicom Group. “Her shared commitment to learning and development is what made her a natural choice for this role, and we look forward to watching this prestigious program flourish under her leadership.”

In addition to serving as Dean of OU, van Bergen will take on the responsibility of leading Omnicom’s Common Ground initiative, which supports the United Nations’ Sustainable Development Goals for 2030. With a specific focus on SDG#4 Education, she will run the company’s existing partnerships with Girl Effect and Theirworld.

About Omnicom Group Inc.
Omnicom Group (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.

SOURCE Omnicom Group

Omnicom Group Inc. Declares Dividend

Posted on December 10, 2019December 11, 2020 by Revanth Ravish

Ketchum Named Top Place to Work in PR for 10th Consecutive Year

Posted on December 2, 2019December 11, 2020 by Revanth Ravish

NEW YORK, Dec. 2, 2019 — Leading global communications consultancy Ketchum was recognized for the 10th consecutive year as one of the Top Places to Work in PR by PR News. The designation honors the firm’s outstanding educational, social and cultural programs that support employees’ growth and success.

Winners were selected by PR News editors and an outside panel of industry experts and peers, and honorees received their awards at the Top Places to Work Awards Luncheon Ceremony held at the Yale Club in New York on Nov. 21.

PR News noted Ketchum’s significant organizational shift in 2018, which “led to new career opportunities for the firm’s talent. While restructuring for the future, Ketchum doubled down on its commitment to fostering an environment of engagement, of transparency and of belonging, where its people feel comfortable bringing their whole selves to work.”

Of the award, Barri Rafferty, partner, president and CEO of Ketchum, said, “This recognition is a testament to the collegiality and generosity our employees have fostered throughout our nearly 100-year history. Our talent values our commitment to flexibility, inclusivity, career development and continuous learning as we set a high bar to attract and retain the industry’s most in-demand talent. Our people are our greatest asset, and it’s critical that we provide a true sense of belonging for all.”

This latest award follows several high honors bestowed upon Ketchum in recent months. Ketchum was named Global Creative Agency of the Year at the Holmes Report’s Global SABRE Awards ceremony in October, where Ketchum also won three Global SABRE Awards for work on behalf of its clients. Earlier this year, Ketchum won 29 Cannes Lions, making it the 2019 Cannes Lions Festival’s most-awarded PR firm. In addition, PRWeek named Ketchum the Best Agency of the Past 20 Years.

About Ketchum
Ketchum is a leading global communications consultancy with operations in more than 70 countries across six continents. The Holmes Report’s Global Creative Agency of the Year, Ketchum is the winner of 105 Cannes Lions and an unprecedented six PRWeek Campaign of the Year Awards. Ketchum partners with clients to deliver strategic programming, game-changing creative and measurable results that build brands and reputations. For more information on Ketchum, a part of Omnicom Public Relations Group, visit https://www.ketchum.com.

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