Omnicom Precision Marketing Group’s Credera Opens New Chicago Office

NEW YORK, Nov. 12, 2019 — Credera, a digital consulting firm focused on innovation, transformation and efficiency, has announced the opening of a new office in Chicago to support client growth. Credera is part of the Omnicom Precision Marketing Group (OPMG).

“Credera’s new Chicago office is launching at a key time of growth for the firm,” says Justin Bell, President & CEO of Credera. “As evidenced by our recent new office in New York City, we are expanding quickly to partner with our new clients along with other OPMG agencies. This growth will create additional opportunities for our talent to develop as leaders and trusted advisors to our clients.”

Founded in 1999, Credera today has a team of more than 400 talented business, technology, and user experience consultants across the United States. The firm, which joined the OPMG family back in 2018, partners closely with clients to drive uncommonly great business results through digital transformation, accelerated innovation, customer experience and insights driven by advanced analytics.

Credera is actively recruiting top management consulting, user experience and technology talent in the Chicago area to help companies transform and produce greater results. Credera’s culture of caring for one another and achieving excellent results will continue to grow through mentorship and continuing education opportunities.

About Credera 
With over 400 consulting professionals in the United States, Credera drives digital transformation for clients ranging from Fortune 500 companies to emerging industry leaders. As a part of Omnicom Precision Marketing Group, Credera provides expert, objective advice to help solve complex business and technology challenges and leverages their deep capabilities in strategy, organization, process, analytics, user experience, and technology to help clients improve their business performance. For more information visit www.credera.com.

About Omnicom Precision Marketing Group 
Omnicom Precision Marketing Group aligns Omnicom’s global digital, data and CRM capabilities to deliver precisely targeted and meaningful customer experiences at scale. Using its universal framework of connected data, connected intelligence and connected experiences, OPMG provides services that include data-driven product / service design, adTech / marTech strategy and implementation, CRM / loyalty strategy and activation, econometric and attribution modeling and digital experience design and development. At the core of delivering these services is Omni, an advanced technology platform that combines a powerful cultural insights engine with massively scaled data insights from first-, second- and third-party sources, including several proprietary Omnicom data partnerships.

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.

Omnicom Group Schedules Third Quarter and Year-to-Date 2019 Earnings Release and Conference Call

NEW YORK, Oct. 10, 2019 /PRNewswire/ — Omnicom Group (NYSE: OMC) will publish its third quarter 2019 results on Tuesday, October 15, 2019. The company will host a conference call to review third quarter results on Tuesday, October 15, 2019 at 8:30 AM (ET). Participants may listen to the conference call by dialing (877) 692-8955 (domestic) or (234) 720-6979 (international), along with access code 4760782. In addition, the conference call will be simulcast and archived at https://investor.omnicomgroup.com/investor-relations/news-events-and-filings

Omnicom Group Logo (PRNewsfoto/Omnicom Group)

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. Follow us on Twitter for the latest news. 

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SOURCE Omnicom Group

Omnicom Precision Marketing Group’s Credera Broadens Geographic Reach with New York City Office

NEW YORK, Oct. 24, 2019 — Credera, a full-service management consulting, user experience, and technology solutions firm, has announced the launch of a new office in New York City to support its growing list of clients. Credera is part of the Omnicom Precision Marketing Group (OPMG).

“Opening a Credera office in New York City is an important part of our overall growth strategy,” says Justin Bell, President & CEO of Credera. “It will help us expand the reach of our offerings and forge stronger relationships and partnerships with many OPMG clients, both in this region and globally. It also provides new opportunities for our talent to grow and continue to solve our clients’ unique problems.”

Founded in 1999, Credera today has a team of more than 400 talented business, technology, and user experience consultants across the United States. The firm partners closely with clients to drive uncommonly great business results through digital transformation, accelerated innovation, customer experience and insights driven by advanced analytics.

Credera is actively recruiting top management consulting, user experience, and technology talent to help companies revolutionize their organizations and produce greater outcomes. Credera will continue to focus on growing leaders through mentorship and continuing education opportunities.

Nate Raymond, senior manager, Kevin King, senior architect, and John Franks, principal, will serve as the leaders of the New York office. These three will continue fostering relationships with top clients while also nurturing Credera’s growth and the career advancement of its talent.

About Credera
With over 400 consulting professionals in the United States, Credera drives digital transformation for clients ranging from Fortune 500 companies to emerging industry leaders. As a part of Omnicom Precision Marketing Group, Credera provides expert, objective advice to help solve complex business and technology challenges and leverages their deep capabilities in strategy, organization, process, analytics, user experience, and technology to help clients improve their business performance. For more information visit www.credera.com.

About Omnicom Precision Marketing Group
Omnicom Precision Marketing Group aligns Omnicom’s global digital, data and CRM capabilities to deliver precisely targeted and meaningful customer experiences at scale. Using its universal framework of connected data, connected intelligence and connected experiences, OPMG provides services that include data-driven product / service design, adTech / marTech strategy and implementation, CRM / loyalty strategy and activation, econometric and attribution modeling and digital experience design and development. At the core of delivering these services is Omni, an advanced technology platform that combines a powerful cultural insights engine with massively scaled data insights from first-, second- and third-party sources, including several proprietary Omnicom data partnerships.

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.

Omnicom Agencies Uphold Creative Excellence at the Spikes Asia Festival of Creativity

BBDO and TBWA Place Within Top Three Networks

NEW YORK and SINGAPORE, Sept. 30, 2019 — On the heels of winning Holding Company of the Year at the Cannes Lions Festival, Omnicom (NYSE: OMC) agencies topped industry lists at the 2019 Spikes Asia Festival of Creativity. For the sixth year in a row, BBDO received the night’s top honor and was named Network of the Year, with TBWA placing third.

BBDO agencies also had a strong performance in the Asia-Pacific Agency of the Year category, with Colenso BBDO coming in first and BBDO Pakistan trailing shortly behind in third. For Media Agency of the Year, PHD Worldwide was awarded the third spot.

In total, 20 Omnicom agencies contributed to more than 120 Spike awards featuring work for 40 different clients. This included an impressive 12 Grand Prix awards, seven of which were from BBDO, three from TBWA and two from DDB:

Creative Effectiveness: “Project Free Period” by DDB Mudra for Johnson & Johnson
Design: “Signs of Love” by TBWA\Melbourne for ANZ Bank Australia
Digital: “Naughty or Nice Bauble” by Clemenger BBDO for Myer
Glass: “Sons #ShareTheLoad” by BBDO India for P&G India
Grand Prix for Good: “Stop Dowrymongering” by BBDO Pakistan for UN Women
Innovation: “7:1 Furniture Collection” by BBDO Bangkok for HomePro
Integrated: “Naughty or Nice Bauble” by Clemenger BBDO for Myer
Mobile: “Safety Hub” by CHE Proximity for NRMA
Music: “I’m Drinking It for You” by Colenso BBDO for DB Breweries
Outdoor: “Signs of Love” by TBWA\Melbourne for ANZ Bank Australia
Print & Outdoor Craft: “Grave of Thrones” by DDB Sydney for Foxtel
Print & Publishing: “One Mindful Mind” by TBWA\India for NeuroGen

“It’s a proud moment to see two of our agency networks in the top three again, with Omnicom agencies claiming the highest honors in 12 out of the 23 award categories,” said John Wren, Chairman and CEO of Omnicom Group. “Following our success at the Cannes Lions Festival, this achievement at Spikes Asia cements Omnicom’s place as a worldwide creative leader and highlights the outstanding teams and agencies we’ve established within the APAC region.”

Full details on all winners can be found on www.spikes.asia.

About Spikes Asia
Building on 32 years of the illustrious Spikes Awards, the Spikes Asia Festival of Creativity is the result of a collaboration between the Lions Festivals, organizers of Cannes Lions, Lions Health, Dubai Lynx and Eurobest, and Haymarket, publishers of Campaign Asia Pacific. The Festival provides the region’s growing creative and advertising industry with a platform to network and exchange ideas, bringing together some of the finest creative thinkers from across the region and around the world.

The Awards, judged by leading international and regional creatives, honor the best creative work in the categories of Film, Print, Outdoor, Radio, Digital, Integrated, Direct, Promo & Activation, Media, Print Craft, Film Craft, Design, Mobile, PR, Branded Content & Entertainment, Innovation and Healthcare.

About Omnicom Group Inc.
Omnicom Group Inc. (NYSE: OMC) 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.

Omnicom Strengthens Its AI-Based, User-Centric Personalization Solutions By Acquiring Smart Digital

NEW YORK, Sept. 26, 2019 /PRNewswire/ — Omnicom Precision Marketing Group (OPMG), the digital and customer relationship management (CRM) specialist group within Omnicom Group Inc. (NYSE: OMC), announced today that it has agreed to acquire a majority stake in Smart Digital GmbH. 

Smart Digital is a leading consulting and marketing technology company with a proprietary AI platform and data capabilities powering real-time customer experiences.  Smart Digital’s technology is able to recognize users across online digital touchpoints and deliver personalized customer interactions in real-time, resulting in more effective marketing and greater ROI.  

“Partnering with Smart Digital is not only a strategic move for Omnicom, as we grow and leverage proprietary tools, like Omni, to strengthen our AI and personalization capabilities, but, moreover, it’s important for our clients – for whom we’ll be better able to deliver powerful end-to-end customer experience solutions,” said Luke Taylor, CEO of OPMG. “We welcome them to the Omnicom family.”

Smart Digital’s service portfolio ranges from the deployment of real-time personalization and optimization, to data management services and the development of end-to-end digital strategies, to cross-channel marketing. 

Thomas Vogt, founder and CEO of Smart Digital, commented “Our aim is to provide clients with the know-how, services and marketing technology that will enable individualized brand experiences and increase brand loyalty. With OPMG, we have found a partner who shares our ambitions and whose portfolio we ideally complement with our own services. Together, we will offer integrated and innovative solutions to clients that have never been available before.  We look forward to working closely with OPMG and the wider Omnicom network.”

Smart Digital was founded in Gerlinger, Germany in 2011 and has deployed its services in more than 30 international markets.

The transaction is subject to regulatory approval and is expected to close in the third quarter.

About Omnicom Precision Marketing Group  
Omnicom Precision Marketing Group aligns Omnicom’s global digital, data and CRM capabilities to deliver precisely targeted and meaningful customer experiences at scale. Using its universal framework of connected data, connected intelligence and connected experiences, OPMG provides services that include data-driven product / service design, technology strategy and implementation, CRM / loyalty strategy and activation, econometric and attribution modeling and digital experience design and development. At the core of delivering these services is Omni, an advanced technology platform that combines a powerful cultural insights engine with massively scaled data insights from first-, second- and third-party sources, including several proprietary Omnicom data partnerships.

Omnicom Precision Marketing 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.

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. 

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SOURCE Omnicom Precision Marketing Group

Omnicom at Advertising Week 2019

Advertising Week New York 2019, the annual gathering of marketing, advertising, technology and brand professionals, begins this year on Monday, September 23rd in New York City. Omnicom, along with several agency members from across the networks, will be featured in speaking sessions and planned events throughout the week. 

Highlights include:

Monday, September 23rd

11:30AM | “Brave Brands 2019” with Itaru Fujikawa, Senior Account Director, TBWA\Hakuhodo & Ari Weiss, Chief Creative Officer, DDB

1:30PM | “Raising the New Gen: A Frank Conversation Between a Mentor and His Mentees” with Chris Beresford-Hill, Chief Creative Officer, TBWA\Chiat\Day

Tuesday, September 24th

10:45PM | “Sparks, Signals, Stories: What Work that Works Looks Like on YouTube” with Nick Reggars, Group Content Strategy Director, GS&P

4:00PM | “Save the Planet and Win a Grand Prix” with Tina Allen, Managing Director, BBDO NY

Wednesday, September 25th

10:00AM | “Media Measurement Priorities” with Jonathan Steuer, Chief Research Officer, OMG

1:45PM | “Cannabis, Hemp and CBD: How Licensing Programs Can Turn Brands into Leaders” with Allison Ames, President & CEO, Beanstalk & Michael Stone, Chairman and Co-Founder, Beanstalk

Thursday, September 26th

9:30AM | “The Role of Identity in an Evolving Data-Driven World” with Megan Pagliuca, Chief Data Officer, Hearts & Science

2:15PM | “Inside the Great Hack” with Jeff Goodby, Co-Chairman & Partner, GS&P

4:30PM | “Measurement on Demand” with Adam Gitlin, Head of Data, Annalect

 View the full list of events here.

Omnicom Public Relations Group Appoints Erin Lanuti to New Chief Innovation Officer Role

NEW YORK, Sept. 10, 2019 /PRNewswire/ — Omnicom Public Relations Group (OPRG) today announced the appointment of Erin Lanuti as Chief Innovation Officer. In this new position, Lanuti will be responsible for digital innovation and product development, working closely with all agencies to scale and build performance-driven offerings in areas such as social media, content marketing, creative, influencer marketing, media relations, SEO and ecommerce. Lanuti will report to OPRG CEO Karen van Bergen and be based in New York. 

“Erin has a proven track record of building and scaling digital solutions globally across marketing disciplines,” said van Bergen. “Her expertise will be instrumental across all OPRG agencies as we continue to focus on demonstrating the true business value of communications for clients. We’re thrilled to have her on our team.” 

Lanuti joins OPRG from Publicis, having spent nine years driving integrated marketing and digital transformation across MSLGROUP and Performics. She developed and scaled globally a suite of global performance marketing solutions including Conversation2Commerce, a solution that linked PR to a measurable business impact across ecommerce, sales and brand lift.

“OPRG is uniquely positioned in the industry with its unrivaled scale and access to the breadth and depth of Omnicom resources,” said Lanuti. “I couldn’t be more excited to join OPRG and partner with its amazing agencies to capitalize on this opportunity and accelerate innovation.”

She has been awarded “Innovator of the Year” by the International Business Awards, “Digital 40 over 40” by Campaign Magazine and added to the prestigious “Innovator 25” by the Holmes Report. 

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 non-profits 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.

About the DAS Group of Companies 
The DAS Group of Companies, a division of Omnicom Group Inc. (NYSE: OMC) (www.omnicomgroup.com), is a global group of marketing services companies. DAS includes over 200 companies in the following marketing disciplines: specialty, PR, healthcare, CRM, events, promotional marketing, branding and research. Operating through a combination of networks and regional organizations, DAS serves international, regional, national and local clients through more than 700 offices in 71 countries.

SOURCE Omnicom Public Relations Group

Related Links

https://www.omnicomgroup.com

Javelin Agency Names Tina Posey CEO

DALLAS, August 7, 2019 – Javelin Agency today announced the promotion of Tina Posey to the position of CEO. 

Posey, a 30-year industry veteran, has served as president of Javelin for the past three years, helping redefine and transform the agency’s offering around creatively-led, data-inspired and ROI-driven customer marketing.

“Tina’s passion for the business and commitment to building commercial value for our clients gives her a unique ability to lead people and steadily drive growth,” said Luke Taylor, CEO of Omnicom Precision Marketing Group. 

Under Posey’s leadership, Javelin has expanded its core capabilities in marketing technology, omnichannel creative development and analytics, with a focus on creating personalized brand experiences that drive business outcomes. The Dallas-based agency has also grown its US footprint, opening a new, fully-integrated office in Los Angeles in 2017, and expanding its healthcare practice in New York.

“In an environment where brands are increasingly defined by the experiences of customers, Javelin is at the forefront of reinventing the architecture that creates better connections between customers and brands,” said Posey. “I’m proud to lead Javelin as we continue to build scalable ecosystems that deliver more intentional and differentiated experiences for our clients’ customers.”

About Javelin

Javelin Agency (www.javelinagency.com), an Omnicom company, uses creativity and analytics to solve complex business problems for the world’s best brands. Javelin is part of Omnicom Precision Marketing Group and has US offices in Dallas, Los Angeles and New York City.

About Omnicom Precision Marketing Group

Omnicom Precision Marketing Group aligns Omnicom’s global digital, data and CRM capabilities to deliver precisely targeted and meaningful customer experiences at scale. Using its universal framework of connected data, connected intelligence and connected experiences, OPMG provides services that include data-driven product / service design, technology strategy and implementation, CRM / loyalty strategy and activation, econometric and attribution modeling, technical and business consulting and digital experience design and development. At the core of delivering these services is Omni, an advanced technology platform that combines apowerful cultural insights engine with massively scaled data insights from first-, second- andthird-party sources, including several proprietary Omnicom data partnerships. 

About the DAS Group of Companies

The DAS Group of Companies, a division of Omnicom Group Inc. (NYSE: OMC) (www.omnicomgroup.com), is a global group of marketing services companies. DAS includes over 200 companies in the following marketing disciplines: specialty, PR, healthcare, CRM, events, promotional marketing, branding and research. Operating through a combination of networks and regional organizations, DAS serves international, regional, national and local clients through more than 700 offices in 71 countries.

Credera Names Justin Bell as CEO

DALLAS, Aug. 5, 2019 — Credera, a full-service management consulting, user experience, and technology solutions firm, is delighted to announce the appointment of Justin Bell as its new CEO, effective immediately.

Justin Bell has been with Credera for 15 years and has served as Credera’s president since 2016. He will take over from Rob Borrego, who has led the firm for the last 15 years. This transition is the culmination of a multi-year succession plan that began with Justin’s promotion to president three years ago and the thoughtful and gradual transition of responsibilities. Justin is uniquely qualified to lead the firm because he has grown up in the Credera culture and spearheaded many forward-looking change initiatives.

“I am extremely proud and humbled by the way Credera has evolved as a trusted advisor to the organizations we serve and a great place to work for our people,” shares Borrego. “Justin’s vision for growth will position Credera to flourish and provide more opportunities for our people and continue to serve our clients in new and innovative ways. He has an excellent track record leading Credera’s business development, staffing and project execution, and overall strategic planning for the firm. His past experience and character of humility and servant leadership has positioned him as the best leader for Credera’s future.”

“Credera’s future is bright,” Bell says. “We have an incredible team that is committed to our clients and to each other. I’m consistently amazed and impressed with what our people can do and how they go about it. As we continue to grow and expand geographically, we will be better positioned to serve our clients with deeper expertise and extended capabilities, including those that have global operations. Since Credera’s acquisition by Omnicom in August 2018, we have been able to meet the market need for strategic partners that can play across business and technology consulting while working closely with creative and advertising agencies who are best able to understand and reach customers.”

“I’ve spent the last year working closely with Omnicom Precision Marketing Group’s (OPMG) CEO, Luke Taylor, and the CEOs from many other agencies to define consulting offerings that perfectly align with the traditional agency services in an integrated and seamless way for our clients,” Bell explains. “We’ve enjoyed success for our clients and Omnicom and look forward to significant growth opportunities.”

Bell, a widely-respected leader with more than two decades of technology and consulting experience across a wide range of industries including digital, retail, entertainment, transportation, medical, and hospitality, joined Credera in 2004. Since that time, he has risen through the firm’s ranks to lead its consulting operations and overall strategic planning. He resides in Dallas with his wife, Karla, and two children, Grady and Riley.

ABOUT CREDERA
With approximately 400 consulting professionals serving a national client base from offices in Dallas, Denver, and Houston, Credera drives digital transformation for clients ranging from Fortune 500 companies to emerging industry leaders. Credera provides expert, objective advice to help solve complex business and technology challenges and leverages their deep capabilities in strategy, organization, process, analytics, user experience, and technology to help clients improve their business performance. For more information visit www.credera.com

ABOUT OMNICOM PRECISION MARKETING GROUP 
Omnicom Precision Marketing Group aligns Omnicom’s global digital, data and CRM capabilities to deliver precisely targeted and meaningful customer experiences at scale. Using its universal framework of connected data, connected intelligence and connected experiences, OPMG provides services that include data-driven product / service design, adTech / marTech strategy and implementation, CRM / loyalty strategy and activation, econometric and attribution modeling and digital experience design and development. At the core of delivering these services is Omni, an advanced technology platform that combines a powerful cultural insights engine with massively scaled data insights from first-, second- and third-party sources, including several proprietary Omnicom data partnerships.

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.

Kroger Names First-Ever Agency of Record: DDB New York

America’s largest grocer and DDB to refresh Kroger’s brand, accelerating transformation from grocery to growth

CINCINNATI and NEW YORK, July 22, 2019 /PRNewswire/ — Kroger announced today it has named DDB New York as its official Agency of Record (AOR) after a historic competitive pitch process. As Kroger’s first-ever creative AOR, DDB will be responsible for developing a refreshed, stronger brand identity to support the company’s vision of serving food inspiration and uplift through Restock Kroger and beyond.

“Kroger is excited to partner with DDB New York to uplift our brand,” said Mike Donnelly, Kroger’s executive vice president and chief operating officer. “At Kroger, we believe that no matter who you are, where you’re from, how you shop or what you like to eat, everyone deserves to have affordable, easy-to-enjoy, fresh food. This partnership will solidify Kroger’s position as a food authority, further proving to all of America that Kroger stands for fresh and quality.”

As America’s grocery store, Kroger will work with DDB to evolve the company brand as it transitions to become an omnichannel retailer, powered by four modalities: Store, Delivery, Pickup and Ship. DDB’s work will build on Kroger’s history and purpose to Feed the Human Spirit® with an elevated creative and strategic approach, deepening Kroger’s connection with customers today and into the future.

“DDB New York stood out for its creativity, passion for our business and industry, and collaborative spirit,” said Mandy Rassi, Kroger’s head of brand building. “Consumers make 221 food-related decisions a day. A standout brand and narrative will drive more customers to choose Kroger more often via any channel. Kroger and DDB will work together to cut through the ‘sea of sameness’ that has arisen in grocery retail advertising, thereby supporting our transformation as a company.”

“All of us at DDB are humbled and excited to be named Kroger’s Agency of Record,” said Audrey Melofchik, President of DDB New York. “It is evident that the Kroger team is as eager as we are to work in partnership to bring the retail brand to new heights. There is massive creative potential to be explored within the brand, and we look forward to a long and fruitful relationship with Kroger.”

This new partnership follows the recent news that DDB Worldwide was named the #2 Network of the Year at the 2019 Cannes Lions International Festival of Creativity and marks the first major new business agreement for the New Yorkagency under Melofchik’s leadership.

DDB’s first project for Kroger is expected to launch later this year.

About Kroger
At The Kroger Co. (NYSE: KR), we are dedicated to our Purpose: To Feed the Human Spirit®. We are nearly half a million associates who serve over 11 million customers daily through a seamless digital shopping experience and 2,761 retail food stores under a variety of banner names, serving America through food inspiration and uplift, and creating #ZeroHungerZeroWaste communities by 2025. To learn more about us, visit our newsroom and investor relations site.

About DDB
DDB Worldwide (www.ddb.com) is one of the world’s largest and most influential advertising and marketing networks. DDB has been named Agency of the Year numerous times by the Cannes International Festival of Creativity and the industry’s leading advertising publications and awards shows. In 2019 DDB Worldwide was named the Cannes Festival’s #2 Network of the year, and the Gunn Report has listed DDB as one of the Top 3 Global Networks for 12 of the last 15 years. The agency’s clients include Volkswagen, McDonald’s, Unilever, Mars, Johnson & Johnson, and the U.S. Army, among others.

Founded in 1949, DDB is part of the Omnicom Group (NYSE) and consists of more than 200 offices in over 90 countries with its flagship office in New York, NY.

About Omnicom
Omnicom Group Inc. (NYSE – OMC) 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.

Omnicom Group Reports Second Quarter and Year-to-Date 2019 Results

NEW YORK, July 17, 2019 /PRNewswire/ — Omnicom Group Inc. (NYSE: OMC) today announced that its diluted net income per share for the second quarter of 2019 increased eight cents, or 5.0%, to $1.68 per share versus $1.60 per share for the second quarter of 2018. Net income – Omnicom Group Inc. for the second quarter of 2019 increased $6.5 million, or 1.8%, to $370.7 million from $364.2 million in the second quarter of 2018.

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 second quarter of 2019 decreased 3.6% to $3,719.8 million from $3,859.6 million in the second quarter of 2018. The components of the change in revenue included a decrease in revenue from the negative impact of foreign currency translation of 2.6%, a decrease in acquisition revenue, net of disposition revenue of 3.8% and an increase in revenue from organic growth of 2.8% when compared to the second quarter of 2018.

Organic growth in the second quarter of 2019 as compared to the second quarter of 2018 in our five fundamental disciplines was as follows: Advertising increased 4.4%, CRM Consumer Experience increased 1.9%, CRM Execution & Support decreased 2.6%,  Public Relations decreased 1.3% and Healthcare increased 8.4%.

Across our regional markets, organic growth in the second quarter of 2019 as compared to the second quarter of 2018 was: 3.2% in the United States, 11.8% for Other North America, 5.7% in the United Kingdom,  1.5% for the Euro Markets and Other Europe, and 1.9% for Asia Pacific, while Latin America decreased 2.4% and the Middle East and Africadecreased 8.3%.

Operating profit in the second quarter of 2019 decreased $8.6 million, or 1.5%, to $573.7 million from $582.3 million in the second quarter of 2018. Our operating margin for the second quarter of 2019 increased to 15.4% versus 15.1% for the second quarter of 2018.

For the second quarter of 2019, our effective income tax rate was 24.9% compared to 25.8% for the same period in 2018. The 2019 effective tax rate included an approximately $11 million reduction in income tax expense, primarily from the net favorable settlement of uncertain tax positions in various jurisdictions, which resulted in the recognition of net deferred tax assets during the quarter.

Year-to-Date

Diluted net income per share for the six months ended June 30, 2019 increased $0.12, or 4.4%, to $2.85 per share compared to $2.73 per share for the six months ended June 30, 2018. Net income – Omnicom Group Inc. for the six months ended June 30, 2019 increased $5.6 million, or 0.9%, to $633.9 million from $628.3 million in the same period in 2018.

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 six months ended June 30, 2019 decreased 4.0% to $7,188.7 million from $7,489.2 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 3.0%, a decrease in acquisition revenue, net of disposition revenue of 3.7% and an increase in revenue from organic growth of 2.7% when compared to the same period of 2018.

Organic growth for the six months ended June 30, 2019 compared to the same period in 2018 in our five fundamental disciplines was as follows: Advertising increased 4.7%, CRM Consumer Experience increased 0.7%, CRM Execution & Support decreased 2.9%, Public Relations decreased 0.9% and Healthcare increased 7.6%.

Across our regional markets, organic growth for the six months ended June 30, 2019 as compared to the same period of 2018 was 2.6% in the United States, 9.0%  for Other North America,  3.5% in the United Kingdom,  2.7% in the Euro Markets and Other Europe, 2.0% in Asia Pacific and 2.5% for the Middle East and Africa, while Latin America decreased 2.7%.

Operating profit for the six months ended June 30, 2019 decreased $1.3 million, or 0.1%, to $1,002.6 million compared to $1,003.9 million for the same period in 2018.  Our operating margin for the six months ended June 30, 2019 increased to 13.9% versus 13.4% for the same period in 2018.

For the six months ended June 30, 2019, our effective income tax rate was 25.7% compared to 25.2% for the same period in 2018. The 2019 effective tax rate included an approximately $11 million reduction in income tax expense, primarily from the net favorable settlement of uncertain tax positions in various jurisdictions, which resulted in the recognition of net deferred tax assets in the second quarter of 2019.

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.

The financial tables at the end of this document reconcile the GAAP financial measure of Net Income – Omnicom Group Inc. to EBITA for the periods presented.

For the second quarter of 2019, EBITA decreased $14.4 million, or 2.4%, to $594.9 million from $609.3 million in the second quarter of 2018.  Our EBITA margin increased to 16.0% for the second quarter of 2019 versus 15.8% in the second quarter of 2018.

For the six months ended June 30, 2019, EBITA decreased 1.2%, or $13.0 million, to $1,045.4 million from $1,058.4 millionfor the same period in 2018. Our EBITA margin for the six months ended June 30, 2019 increased to 14.5% versus 14.1% for the same period in 2018.

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.

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.

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 second 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 June 30

(Unaudited) 

(Dollars in Millions, Except Per Share Data)

   
   
   

2019

 

2018

         
 

Revenue

$

3,719.8

 

$

3,859.6

 

Operating Expenses:

         
 

Salary and service costs

2,665.2

 

2,772.9

 

Occupancy and other costs

315.4

 

319.6

 

Costs of services

2,980.6

 

3,092.5

 

Selling, general and administrative expenses

107.7

 

117.4

 

Depreciation and amortization

57.8

 

67.4

   

3,146.1

 

3,277.3

 

Operating Profit

573.7

 

582.3

 

Interest Expense

66.6

 

66.4

 

Interest Income

16.4

 

13.9

 

Income Before Income Taxes

523.5

 

529.8

 

Income Tax Expense (a)

130.6

 

136.7

 

Income From Equity Method Investments

1.2

 

1.7

 

Net Income

394.1

 

394.8

 

Net Income Attributed To Noncontrolling Interests

23.4

 

30.6

 

Net Income – Omnicom Group Inc.

$

370.7

 

$

364.2

         
 

Net income per share  –  Omnicom Group Inc.

     
 

Basic

$

1.69

 

$

1.61

 

Diluted

$

1.68

 

$

1.60

         
 

Weighted average shares (in millions)

     
 

Basic

219.6

 

226.8

 

Diluted

220.9

 

228.1

         
 

Dividends Declared Per Common Share

$

0.65

 

$

0.60

   
   

(a)

For the three months ended June 30, 2019, income tax expense was reduced by approximately $11 million, primarily from the net favorable settlement of uncertain tax positions in various jurisdictions, which resulted in the recognition of net deferred tax assets during the quarter.

 

 

Omnicom Group Inc. 

Consolidated Statements of Income 

Six Months Ended June 30 

(Unaudited) 

(Dollars in Millions, Except Per Share Data)

 
   

2019

 

2018

         
 

Revenue

$

7,188.7

 

$

7,489.2

 

Operating Expenses:

         
 

Salary and service costs

5,232.8

 

5,485.7

 

Occupancy and other costs

624.7

 

639.9

 

Costs of services

5,857.5

 

6,125.6

 

Selling, general and administrative expenses

211.2

 

222.9

 

Depreciation and amortization

117.4

 

136.8

   

6,186.1

 

6,485.3

 

Operating Profit

1,002.6

 

1,003.9

 

Interest Expense

129.6

 

128.6

 

Interest Income

33.4

 

29.3

 

Income Before Income Taxes

906.4

 

904.6

 

Income Tax Expense (a)

233.2

 

227.7

 

Income From Equity Method Investments

0.7

 

2.6

 

Net Income

673.9

 

679.5

 

Net Income Attributed To Noncontrolling Interests

40.0

 

51.2

 

Net Income – Omnicom Group Inc.

$

633.9

 

$

628.3

         
 

Net income per share  –  Omnicom Group Inc.

     
 

Basic

$

2.86

 

$

2.75

 

Diluted

$

2.85

 

$

2.73

         
 

Weighted average shares (in millions)

     
 

Basic

221.4

 

228.5

 

Diluted

222.5

 

229.8

         
 

Dividends Declared Per Common Share

$

1.30

 

$

1.20

   
   

(a)

For the six months ended June 30, 2019, income tax expense was reduced by approximately $11 million, primarily from the net favorable settlement of uncertain tax positions in various jurisdictions, which resulted in the recognition of net deferred tax assets in the second quarter of 2019.

 

 

Omnicom Group Inc.

Reconciliation of Non-GAAP Financial Measures – EBITA

Three Months Ended June 30

(Unaudited)

(Dollars in Millions)

   
   

2019

 

2018

         
 

Net Income – Omnicom Group Inc.

$

370.7

 

$

364.2

 

Net Income Attributed To Noncontrolling Interests

23.4

 

30.6

 

Net Income

394.1

 

394.8

 

Income From Equity Method Investments

1.2

 

1.7

 

Income Tax Expense

130.6

 

136.7

 

Income Before Income Taxes

523.5

 

529.8

 

Interest Income

16.4

 

13.9

 

Interest Expense

66.6

 

66.4

 

Operating Profit

573.7

 

582.3

 

Add back: Amortization of intangible assets

21.2

 

27.0

 

Earnings before interest, taxes and amortization of intangible assets (“EBITA”)

$

594.9

 

$

609.3

             
 

Revenue

$

3,719.8

 

$

3,859.6

 

EBITA

$

594.9

 

$

609.3

 

EBITA Margin %

16.0%

 

15.8%

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 Group Inc.

Reconciliation of Non-GAAP Financial Measures – EBITA

Six Months Ended June 30

(Unaudited)

(Dollars in Millions)

   
   

2019

 

2018

         
 

Net Income – Omnicom Group Inc.

$

633.9

 

$

628.3

 

Net Income Attributed To Noncontrolling Interests

40.0

 

51.2

 

Net Income

673.9

 

679.5

 

Income From Equity Method Investments

0.7

 

2.6

 

Income Tax Expense

233.2

 

227.7

 

Income Before Income Taxes

906.4

 

904.6

 

Interest Income

33.4

 

29.3

 

Interest Expense

129.6

 

128.6

 

Operating Profit

1,002.6

 

1,003.9

 

Add back: Amortization of intangible assets

42.8

 

54.5

 

Earnings before interest, taxes and amortization of intangible assets (“EBITA”)

$

1,045.4

 

$

1,058.4

             
 

Revenue

$

7,188.7

 

$

7,489.2

 

EBITA

$

1,045.4

 

$

1,058.4

 

EBITA Margin %

14.5%

 

14.1%

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.

SOURCE Omnicom Group Inc.

Omnicom Group Schedules Second Quarter and Year-to-Date 2019 Earnings Release and Conference Call

NEW YORK, July 11, 2019 /PRNewswire/ — Omnicom Group (NYSE: OMC) will publish its second quarter 2019 results on Wednesday, July 17, 2019.  The company will host a conference call to review second quarter results on Wednesday, July 17, 2019 at 8:30 AM (ET).  Participants may listen to the conference call by dialing (844) 767-5679 (domestic) or (409) 207-6967 (international), along with access code 9011858.  In addition, the conference call will be simulcast and archived at https://investor.omnicomgroup.com/investor-relations/news-events-and-filings.

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. Follow us on Twitter for the latest news.

SOURCE Omnicom Group

Related Links

https://www.omnicomgroup.com

Omnicom Prices €1.0 Billion Senior Notes Offering

NEW YORK, June 24, 2019 /PRNewswire/ — Omnicom Group Inc. (NYSE: OMC) and Omnicom Finance Holdings plc (the “Issuer”), a wholly owned subsidiary of Omnicom Group Inc., today announced the pricing of the Issuer’s public offering of €500 million aggregate principal amount of 0.800% Senior Notes due 2027 (the “2027 Notes”) and €500 million aggregate principal amount of 1.400% Senior Notes due 2031 (the “2031 Notes,” and, together with the 2027 Notes, the “Notes”). The 2027 Notes will mature on July 8, 2027 and the 2031 Notes will mature on July 8, 2031. The transaction is expected to close on July 8, 2019, subject to customary closing conditions. 

The 2027 Notes will bear interest at a rate of 0.800 percent per annum and the 2031 Notes will bear interest at a rate of 1.400 percent per annum. The Notes will be fully and unconditionally guaranteed by Omnicom Group Inc. and Omnicom Capital Inc., a wholly owned subsidiary of Omnicom Group Inc. (together, the “Guarantors”). The Notes and the related guarantees will be the unsecured and unsubordinated obligations of the Issuer and the Guarantors, respectively, and will rank equal in right of payment to all of their respective existing and future unsecured senior indebtedness.

The Issuer intends to use the net proceeds from the offering to retire $500 million aggregate principal amount of Omnicom Group Inc.’s and Omnicom Capital Inc.’s outstanding 6.25% 2019 Senior Notes at maturity on July 15, 2019 and 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, repurchases of Omnicom Group Inc.’s common stock or other capital transactions. 

Application will be made to have both series of the Notes listed on The New York Stock Exchange. The listing application will be subject to approval by The New York Stock Exchange. If such a listing is obtained, the Issuer will have no obligation to maintain such listing, and the Issuer may delist either series of the Notes at any time.

Deutsche Bank AG, London Branch and J.P. Morgan Securities plc are acting as joint global coordinators and joint book-running managers for the offering and Barclays Bank PLC, BNP Paribas, Citigroup Global Markets Limited and Wells Fargo Securities International Limited 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: Deutsche Bank AG, London Branch at +1-800-503-4611, J.P. Morgan Securities plc at +44-20-7134-2468, Barclays Bank PLC +1-888-603-5847, or BNP Paribas at +1-800-854-5674.

This document is for distribution only to persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Financial Promotion Order”), (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Financial Promotion Order, (iii) are outside the United Kingdom, or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”).  This document is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons.

MiFID II Directive 2014/65/EU (as amended, “MiFID II”) professionals/ECPs-only / No PRIIPs KID – Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as the Notes are not available to retail investors in the EEA.

About Omnicom

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. 

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, 2018 and in Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Omnicom Group Inc.’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2019. Except as required under applicable law, we do not assume any obligation to update these forward-looking statements.

SOURCE Omnicom Group

Omnicom Wins Holding Company of the Year at the 2019 Cannes Lions International Festival of Creativity

DDB, BBDO and TBWA Named Three of Top Five Creative Networks in the World

NEW YORK, June 21, 2019 /PRNewswire/ — At the 66th annual Cannes Lions International Festival of Creativity, Omnicom (NYSE: OMC) agencies were recognized for their excellence in terms of the quality, creativity and effectiveness of their work.

For the second consecutive year, Omnicom was named Holding Company of the Year based on the work entered in more than 27 categories, reflecting the depth and breadth of creative communications in the industry. Approximately, 123 agencies from almost 35 countries won over 200 Lions.

All three Omnicom creative networks (DDB, BBDO and TBWA) placed in the top five of the Network of the Year category, with DDB coming in second, BBDO in fourth and TBWA in fifth.

The win in Cannes means that Omnicom has been awarded the world’s most creative holding company in 2019 at three of the industry’s leading awards programs: Cannes Lions, the WARC Creative 100 and The One Show.

DDB won nearly 70 Lions, including one Titanium Lion from DDB Berlin for “The Uncensored Playlist” for Reporters Without Border. The network also saw great success with DDB Chicago’s “Broadway the Rainbow” for Skittles, which won 12 Lions. Adam&eve’s two campaigns for John Lewis, “Boy and the Piano” and “Bohemian Rhapsody” won 14 Lions.

BBDO won approximately 68 Lions including two Grand Prix. Clemenger BBDO Melbourne who received one for “The Lion’s Share” for Mars and Impact BBDO who received one for “The Blank Edition” for An-Nahar. Impact BBDO’s win marks the first time any agency in that region has received this award. In addition, AMV BBDO won a Titanium Lion for “Viva la Vulva” for Essity and was the network’s most awarded piece of work at this year’s festival.

TBWA won approximately 65 lions this year, 12 of which were Gold Lions. The network took home 10 Lions for TBWA\Chiat\Day NY’s “Billie Jean King Your Shoes” for adidas, including five Gold Lions. TBWA\Paris ended the week with 13 Lions with leading campaigns “McDelivery” for McDonald’s and “Harmless Guns” for Dagoma, which earned a Gold Lion in PR. Apple was awarded Cannes’ Creative Marketer of the Year and TBWA\Media Arts Lab won eight Lions for ‘Share your Gifts” and “Make Something Wonderful.”

In addition, Omnicom was pleased to have Jeff Goodby and Rich Silverstein, founders of Goodby Silverstein & Partners, honored by Cannes Lions Festival as this year’s recipients of the 2019 Lion of St. Mark Award. 

“It’s truly an honor to win the most creative holding company for the second year in a row.” commented John Wren, Chairman and CEO of Omnicom Group. “However, it’s important to remember that holding companies don’t win awards, people do. I want to congratulate all of our people on their tireless efforts to create exceptional work for our clients.”

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. Follow us on Twitter for the latest news.

Cision View original content:https://www.prnewswire.com/news-releases/omnicom-wins-holding-company-of-the-year-at-the-2019-cannes-lions-international-festival-of-creativity-300872890.html

SOURCE Omnicom Group

Omnicom Agencies Embrace Creativity, Disruption and Innovation at Cannes Lions 2019

NEW YORK, June 5, 2019 – At the 66th annual Cannes Lions International Festival of Creativity, Omnicom (NYSE: OMC) and its agencies are producing engaging experiences for festival attendees through a number of speaking sessions both on and off the main stage. Its world-class marketing and advertising leaders will be participating in a variety of discussions that explore how to promote innovative ideas, challenge the status quo, further diversity and inclusion efforts and strengthen data-driven creativity. 

As part of this content, Omnicom will be hosting a mainstage session in the Lumiere Theatre on Thursday, June 20th from 12:30-13:15 titled “Stop Holding Your Breath: Brand Activism in a Hyper-Charged Society”. The session, moderated by Omnicom’s SVP & Chief Diversity Officer Tiffany R. Warren, will feature renown leaders within the advertising and entertainment industries, including Troy Ruhanen, President and CEO of TBWA\Worldwide; Colleen DeCourcy, Co-President and CCO of Wieden+Kennedy; and Kenya Barris, writer, producer and founder of Khalabo Ink Society. The session will explore why many of today’s brands are choosing to take a stand on society’s most pressing issues and how to do so effectively. 

In addition, Omnicom is pleased to announce that Jeff Goodby and Rich Silverstein, founders of Goodby Silverstein & Partners, are this year’s recipients of the 2019 Lion of St. Mark Award. The two creatives will be interviewed by Philip Thomas, Chairman of Cannes Lions, on Friday, June 21st from 12:30-13:15 at the Debussy Theatre: Lion of St. Mark Interview.

Below are some additional session highlights from Omnicom’s agency networks:

BBDO

DDB

Omnicom Media Group

  • •Heart & Science’s Renee Cassard, Chief Audience Officer, and Megan Pagliuca, Chief Data Officer, will host a “Self-Regulation Panel” at the Hearts & Science suite
  • •PHD will host a breakfast panel featuring Philippa Brown, CEO of PHD Worldwide, for the launch of its book “Overthrow II – 10 strategies for the new wave of challengers”
  • •Israel Mirsky, Executive Director of Global Technology and Emerging Platforms at OMD, is participating on a panel at the Pandora Cabana exploring “What the Future Sounds Like” 

TBWA

The complete schedule of daily event programming can be found at OmnicomEvents.com.

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.

###

Press Contacts

Joanne Trout, 212-415-3669, [email protected]

Katie Beaule, 212-415-3772, [email protected]  

Omnicom Names Eric Huttner Senior Vice President, Finance

NEW YORK, May 31, 2019 /PRNewswire/ — Omnicom Group Inc. today announced the promotion of Eric Huttner to Senior Vice President, Finance, reporting to Phil Angelastro, Chief Financial Officer.

Mr. Huttner joined Omnicom’s Treasury Organization in 2002 with global responsibility for corporate finance and capital markets. Since then, Mr. Huttner has managed Omnicom’s revolving credit facility, short-term lines of credit, bank relationships, public debt issuance, equipment leasing, interest rate derivatives, commercial paper program, rating agency relationships, share repurchase programs and defined benefit plans. Mr. Huttner will be transitioning his corporate finance and capital markets responsibilities to Rochelle Tarlowe, newly appointed Treasurer of Omnicom, and he will continue to work with Mr. Angelastro on key strategic initiatives at the holding company.

“Eric has played a key role in providing the company with a solid capital structure and liquidity position, leading all of our all debt and bank financings since joining Omnicom,” said Mr. Angelastro. “Further, Eric has helped us generate substantial shareholder value through cost-saving initiatives, most importantly through our portfolio of technology equipment leasing programs. I look forward to continuing to work with Eric in his new assignment.”

Prior to joining Omnicom, Mr. Huttner spent most of his career as a Managing Director of Global Relationship Banking at Citigroup, where he was responsible for marketing a full range of corporate and investment banking products to clients in the media and communications sector. 

Mr. Huttner serves on the Finance Committee of the American Association of Advertising Agencies (AAAA), the industry’s trade association, and on the Board of Directors of AAAA Benefits Inc. He is a member of the President’s Council of Plymouth State University in New Hampshire where he is involved with development activities. Mr. Huttner holds BS and MBA degrees from the Wharton School of the University of Pennsylvania.

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. Follow us on Twitter for the latest news.

SOURCE Omnicom Group Inc.

Related Links

https://www.omnicomgroup.com

Omnicom Names Rochelle Tarlowe Treasurer

NEW YORK, May 23, 2019 /PRNewswire/ — Omnicom Group (NYSE: OMC) today announced that Rochelle Tarlowe has joined the company as its new Senior Vice President and Treasurer. She succeeds Dennis Hewitt who recently retired after 30 years with the company. 

Omnicom Group Logo (PRNewsfoto/Omnicom Group)

Tarlowe is responsible for managing Omnicom’s global treasury and risk management function, reporting to Phil Angelastro, Chief Financial Officer, Omnicom.

Tarlowe joins Omnicom from Avis Budget Group, where she was Senior Vice President and Treasurer. In addition to managing the company’s global $13 billion capital structure, she was responsible for risk management, evaluation of agency relationships, hedging strategies and cash management. Over the course of 15 years at the company, Rochelle held positions of increasing responsibility in the Treasury department. 

“We are delighted to have Rochelle join our company. She is a strategic and innovative leader with deep capital markets expertise,” said Phil Angelastro, Chief Financial Officer at Omnicom. “Furthermore, her experience working in a global role for a large multi-national company will certainly fit well with our world-class treasury department.”

Speaking to her new position, Tarlowe commented, “Omnicom is a consistent leader in a dynamic and rapidly changing industry. I am excited to be joining such a strong financial team and look forward to contributing to the company’s continued success.”

Prior to Avis, Tarlowe served as Vice President, Senior Analyst at Moody’s Investors Services. She holds a B.A. from Barnard College and a J.D. from Fordham University School of Law. 

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.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/omnicom-names-rochelle-tarlowe-treasurer-300855973.html

SOURCE Omnicom Group

Omnicom Group Inc. Declares Dividend

NEW YORK, May 20, 2019 /PRNewswire/ — The Board of Directors of Omnicom Group Inc. (NYSE: OMC) declared a quarterly dividend of 65 cents per outstanding share of the corporation’s common stock. The dividend is payable on July 12, 2019 to Omnicom Group common shareholders of record at the close of business on June 14, 2019.

Omnicom Group Logo (PRNewsfoto/Omnicom Group)

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. Follow us on Twitter for the latest news.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/omnicom-group-inc-declares-dividend-300853459.html

SOURCE Omnicom Group Inc.

CIO Celebrates IT Innovation and Leadership with 2019 CIO 100 Award Winners & Hall of Fame Inductees

Boston, Mass. — May 1, 2019 — IDG’s CIO  the executive-level IT media brand providing insight into business technology leadership — is proud to announce the 2019 CIO 100 award winners and Hall of Fame inductees [click to tweet]. Each year, CIO recognizes 100 organizations for their achievements in technology innovation, and honors a new group of Hall of Fame members whose vision, commitment and outstanding career accomplishments have positively influenced the business technology landscape. These prestigious awards represent the highest levels of inspiring leadership and success in the IT field.

The Innovation Conversation
This elite group of organizations and technology leaders will be celebrated at the annual CIO 100 Symposium & Awards Ceremony to be held August 19-21, 2019, at The Broadmoor resort in Colorado Springs. The CIO 100 Symposium is the most powerful gathering of CIOs and senior IT and business executives, with an agenda built around three key pillars: IT innovation, C-suite collaboration and business impact. Conversations are focused on the most important technology trends and strategies, including expert insights from some of the top CIOs in the U.S. and worldwide.

“The CIO 100 Symposium concentrates on the most vital business and technology topics shaping today’s digital business ecosystem,” said Maryfran Johnson, IDG’s Executive Director of CIO Programs. “Our 2019 honorees have successfully experimented with cutting-edge ideas and emerging technologies to push boundaries and ultimately, deliver great business value.”

Expert Insights & Collaboration
CIO’s premier event combines general and breakout sessions, interactive workshops, roundtable discussions, and social events. This year’s agenda will be anchored by two outstanding keynote sessions.

• August 20th: “The Big Nine: How the Tech Titans and their Thinking Machines Will Change Humanity,” by Amy Webb, Author, Founder of the Future Today Institute and Professor, NYU Stern School of Business
• August 21st: “Interactive Workshop: Turning Your IT Staff into Articulate Ambassadors of the Company’s Brand,” by Kare Anderson, Author and Communications Coach

Leading tech vendors will also be providing a robust overview of what is possible for businesses in the future. The mix of IT executives, innovative companies and quality vendors creates a learning environment that is second to none. In 2019, CIO is proud to partner with an exceptional group of sponsors headlined by our Underwriting Partners, Deloitte and Google Chrome Enterprise. Additional sponsors include CherwellCode42DropboxInformaticaNTT DATA ServicesRingCentralUnisysNumerifyZoom, and the CIO Executive Council / IDC.

“The symposium allows attendees to forge new business partnerships, and leave energized with unique perspectives and important skills,” remarked Adam Dennison, SVP & General Manager, IDG Events and Publisher, CIO. “The conversations that take place each year around IT innovation are truly inspiring. You’ll quickly find you’re not alone in the challenges you face or triumphs you celebrate.”

IT & Business Leadership
Joining the CIO 100 award winners at the symposium will be the 2019 CIO Hall of Fame class. All honorees will be recognized at the gala dinner and awards ceremony on the evening of August 21st. “This year, we are proud to induct 20 IT leaders into the CIO Hall of Fame for their profound contributions to the tech world,” continued Johnson. “The 2019 class is defined by excellence and their influence has been felt across the IT industry. Through their leadership and vision, each of our new Hall of Famers has played an influential role in shaping our digital future.”

The CIO 100 Symposium & Awards gathers more than 300 IT and business leaders to discuss digital strategy while celebrating the achievements of those delivering premium business value. Please visit CIO100.com to learn more about the conference and sponsorship opportunities. To register for this year’s event, please do so here.

2019 CIO100 Award Winners:
• AdaptHealth
• Adobe, Inc.
• AdventHealth
• Aetna, a CVS Health Company
• Air Black Box
• Align Technology
• Arrow Electronics
• Ascensus
• Asian Development Bank
• Bank of America
• Blue Cross Blue Shield of Tennessee
• CareFirst Blue Cross Blue Shield
• Centura Health
• Children’s Hospital Los Angeles
• Children’s Hospital of Philadelphia
• Choice Hotels International
• City of Oakland
• City of Virginia Beach Information Technology Department
• Comcast Cable Corp.
• Cornell University
• Cox Communications
• Cystic Fibrosis Foundation
• DBS Bank
• Department of Technology (City and County of San Francisco)
• Eaton
• Emerus
• Enel
• Energy Efficiency Services Ltd.
• Estée Lauder
• EURPAC Strategic Partners
• Everest Reinsurance Company
• Exelon Corporation
• FedEx
• Fleet Advantage
• GE
• General Motors
• Ginnie Mae
• Great Wolf Resorts
• HSBC
• HuaZhu Group
• Humana Inc.
• IAA
• IBM
• ICMA-RC
• Illinois Department of Innovation & Technology
• Intel Corporation
• InterContinental Hotels Group
• Internal Revenue Service
• J.P. Morgan Asset & Wealth Management
• Jackson Health System
• Janus Henderson Investors
• Jet Propulsion Laboratory
• Kaiser Permanente
• KEPCO, Korea Electric Power Corporation
• Khaadi
• King County, WA
• Land O’Lakes
• Maryland Health Benefit Exchange
• McDermott International Inc.
• Medical City Healthcare
• Mercedes-AMG Petronas Formula One Team
• Merck & Co.
• Mercury Insurance Group
• Nationwide Title Clearing, Inc.
• Newport News Shipbuilding, a division of Huntington Ingalls Industries
• Nobel Pharmaceuticals
• NorthShore University HealthSystem
• Northwestern Mutual
• Nuveen, A TIAA Company
• NXP Semiconductor NV
• Oshkosh Corporation
• Owens Corning
• Parkview Medical Center
• Power Design
• PSAV
• PSEG
• PVH
• Railinc
• Raytheon
• Red Hat, Inc.
• Reed Smith
• Rice University
• Ricoh USA, Inc.
• Rollins, Inc.
• Samsung Electro-Mechanics
• Siemens Mobility GmbH
• SimpleTire
• State Auto Insurance Companies
• SUEZ North America
• Synchrony Financial
• Tallahassee- Leon County GIS
• TGI Fridays
• The LiRo Group
• The Port Authority of New York and New Jersey
• TIAA
• Unisys Corporation
• United Airlines
• University of North Texas System, IT Shared Services
• Whirlpool Corporation
• Workday, Inc.

2019 CIO100 Hall of Fame Class:
• Rob Alexander, CIO, Capital One
• Steve Betts, SVP & CIO, Health Care Service Corporation
• Alan Cullop, CIO, DaVita
• Craig Cuyar, SVP & Global CIO, Omnicom Group
• Richard (Dick) Daniels, EVP, CIO, Kaiser Permanente
• Anuj Dhanda, CIO & EVP, Albertsons Companies
• Randall Gaboriault, CIO & SVP, Innovation and Strategic Development, Christiana Care Health System
• Zack Hicks, Chief Digital Officer & EVP, Toyota Motor North America; CEO & President, Toyota Connected North America
• Ann Joyce, EVP & Chief Customer Officer, Technology, Supply Chain & Omni Operations, Chicos FAS
• Vince Kellen, CIO, University of California, San Diego
• Michael R. Kingston, SVP, CIO, L’Oreal Americas
• Michael Mathias, EVP, Customer Experience & CIO, Blue Shield of California
• Kathy McElligott, EVP, CIO/CTO, McKesson
• Gregory Morrison, SVP & CIO, Cox Enterprises
• Steven J. Randich, EVP & CIO, FINRA
• Cynthia Stoddard, SVP & CIO, Adobe Inc.
• Lynden Lee Tennison, EVP, Chief Strategy & Information Officer (retired), Union Pacific Railroad
• Patrick Thompson, CIO, Albemarle
• Stephen Warren, CIO, Office of the Comptroller of the Currency
• Walter Yosafat, SVP/CIO, Wyndham Destinations

About the CIO 100 Awards:
The annual CIO 100 Awards celebrate 100 organizations and the teams within them that are using IT in innovative ways to deliver business value, whether by creating competitive advantage, optimizing business processes, enabling growth or improving relationships with customers. The award is an acknowledged mark of enterprise excellence. Recipients of this year’s CIO 100 Award were selected through a three-step process. First, companies filled out an online application form detailing an innovative IT and business initiative. Next, a team of external judges (many of them former CIOs) reviewed the applications in depth, looking for leading-edge IT practices and measurable results. Finally, the CIO team reviewed the judges’ recommendations and selected the final 100.

Coverage of the 2019 CIO 100 award-winning projects will be available online at CIO.com in the weeks and months leading up to the event and in the summer issue of CIO’s digital magazine.

About the CIO Hall of Fame Awards:
The CIO Hall of Fame was created in 1997 to spotlight 12 outstanding IT leaders who had significantly contributed to and profoundly influenced the IT discipline, the use of technology in business and the advancement of the CIO role. Ten years later, in 2007, CIO inducted its second class of honorees into the CIO Hall of Fame during CIO magazine’s 20th anniversary celebration. CIO continues to showcase this elite group of CIOs – now numbering 140 – during the CIO Hall of Fame induction ceremony. A list of all inductees can be viewed here.

About CIO
CIO focuses on attracting the highest concentration of enterprise CIOs and business technology executives with unparalleled expertise on business strategy, innovation, and leadership. As organizations grow with digital transformation, CIO provides its readers with invaluable peer insights on the evolving CIO role as well as how leading IT organizations are employing technologies, including automation, AI & machine learning, data analytics and cloud, to create business value.

The award-winning CIO portfolio — CIO.com, CIO events, CIO Strategic Marketing Services, CIO Forum on LinkedIn, CIO Executive Council and CIO primary research — provides business technology leaders with analysis and insight on information technology trends and a keen understanding of IT’s role in achieving business goals. CIO is published by IDG Communications, Inc. Company information is available at www.idg.com.

Follow CIO on Twitter: @CIOonline & @CIOevents #CIO100 #CIOHoF
Follow CIO on LinkedIn
Follow CIO on Facebook

About IDG Communications, Inc.
IDG Communications connects the world of tech buyers with insights, intent and engagement. We are the world’s largest media, data and marketing services company that activates and engages the most influential technology buyers. Our premium brands, including CIO®, Computerworld®, CSO®, PCWorld® and Macworld®, engage a quality audience of the most powerful technology buyers providing essential guidance on the evolving technology landscape.

Our global data intelligence platform activates purchasing intent, powering our clients’ success. IDG Marketing Services creates custom content with marketing impact across video, mobile, social and digital. We execute complex campaigns that fulfill marketers’ global ambitions seamlessly with consistency that delivers quality results.

Follow IDG on Twitter: @IDGWorld
Follow IDG on LinkedIn
Like IDG on Facebook

Contact
Alex Kastrinelis
Marketing Specialist
IDG Communications, Inc.
[email protected]
508.766.5478

Omnicom Group Reports First Quarter 2019 Results

NEW YORK, April 16, 2019 /PRNewswire/ — Omnicom Group Inc. (NYSE: OMC) today announced that its diluted net income per common share for the first quarter of 2019 increased three cents, or 2.6%, to $1.17 per share versus $1.14 per share for the first quarter of 2018. Net income for the first quarter of 2019 decreased $0.9 million, or 0.3%, to $263.2 million from $264.1 million in the first quarter of 2018. In the first quarter of 2018, income tax expense decreased, primarily as a result of the successful resolution of foreign tax claims, which resulted in a net increase to net income – Omnicom Group Inc. and diluted net income per common share of $13.3 million and six cents per share, respectively, for the prior period.

Primarily due to the negative effects of foreign exchange rates and net disposition activity over the past year, Omnicom’s worldwide revenue in the first quarter of 2019 decreased 4.4% to $3,468.9 million from $3,629.6 million in the first quarter of 2018. The components of the change in revenue included a decrease in revenue from the negative foreign exchange rate impact of 3.4%, a decrease in acquisition revenue, net of disposition revenue of 3.6% and an increase in revenue from organic growth of 2.5% when compared to the first quarter of 2018.

Organic growth in the first quarter of 2019 as compared to the first quarter of 2018 in our five fundamental disciplines was as follows: Advertising increased 5.1%, CRM Consumer Experience decreased 0.6%, CRM Execution & Support decreased 3.3%,  Public Relations decreased 0.5% and Healthcare increased 6.8%.

Across our regional markets, organic growth in the first quarter of 2019 as compared to the first quarter of 2018 was: 2.0% in the United States, 6.1% for Other North America, 1.3% in the United Kingdom, 4.0% for the Euro Markets and Other Europe, 2.1% for Asia Pacific, and 12.8% for the Middle East and Africa, while Latin America decreased 3.0%.

Operating profit in the first quarter of 2019 increased $7.2 million, or 1.7%, to $428.9 million from $421.7 million in the first quarter of 2018. Our operating margin for the first quarter of 2019 increased to 12.4% versus 11.6% for the first quarter of 2018.

For the first quarter of 2019, our effective income tax rate was 26.8% compared to 24.3% for the same period in 2018. The year over year difference in our effective tax rate was primarily the result of the successful resolution of foreign tax claims during the first quarter of 2018, which reduced the income tax expense in the prior period by $13.3 million.

Non-GAAP Financial Measures

We use certain non-GAAP financial measures in describing our performance. Non-GAAP 2018 Adjusted results, including Adjusted Income Tax Expense and Adjusted Net Income – Omnicom Group Inc., exclude the impact of the successful resolution of foreign tax claims, which was recorded in the first quarter of 2018. We believe that the Non-GAAP 2018 Adjusted results are useful measures for investors to understand the impact this item had on our reported results.

Additionally, 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.

The financial tables at the end of this document reconcile the first quarter 2018 GAAP financial measures of income tax expense and Net Income – Omnicom Group Inc. to the Non-GAAP 2018 Adjusted results for the first quarter of 2018, as well as the GAAP financial measure of Net Income – Omnicom Group Inc. to EBITA for the periods presented.

For the first quarter of 2019, EBITA increased $1.3 million, or 0.3%, to $450.5 million from $449.2 million in the first quarter of 2018.  Our EBITA margin increased to 13.0% for the first quarter of 2019 versus 12.4% in the first quarter of 2018.

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.

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 presentation 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 first 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 March 31

(Unaudited)  

(Dollars in Millions, Except Per Share Data)

 
 

2019

 

2018  (a)

       

Revenue

$

3,468.9

   

$

3,629.6

 

Operating Expenses:

     

Salary and service costs

2,567.6

   

2,712.8

 

Occupancy and other costs

309.2

   

320.3

 

Costs of services

2,876.8

   

3,033.1

 

Selling, general and administrative expenses

103.6

   

105.4

 

Depreciation and amortization

59.6

   

69.4

 
 

3,040.0

   

3,207.9

 

Operating Profit

428.9

   

421.7

 

Interest Expense

63.0

   

62.3

 

Interest Income

17.0

   

15.4

 

Income Before Income Taxes

382.9

   

374.8

 

Income Tax Expense

102.7

   

90.9

 

Income (Loss) From Equity Method Investments

(0.5)

   

0.8

 

Net Income

279.7

   

284.7

 

Net Income Attributed To Noncontrolling Interests

16.5

   

20.6

 

Net Income – Omnicom Group Inc.

$

263.2

   

$

264.1

 
       

Net income per common share  –  Omnicom Group Inc.

     

Basic

$

1.18

   

$

1.15

 

Diluted

$

1.17

   

$

1.14

 
       

Weighted average shares (in millions)

     

Basic

223.2

   

230.2

 

Diluted

224.2

   

231.5

 
       

Dividends declared per common share

$

0.65

   

$

0.60

 
   

(a)

For the three months ended March 31, 2018, income tax was reduced by $13.3 million, primarily as a result of the successful resolution of foreign tax claims during the quarter.  The impact of this item increased Net Income – Omnicom Group Inc. by $13.3 million and net income per common share – Omnicom Group Inc. by $0.06 per common share for the three months ended March 31, 2018.

 

Omnicom Group Inc.

Reconciliation of Non-GAAP Financial Measures – Income Tax Expense

Three Months Ended March 31, 2018

(Unaudited) 

(Dollars in Millions)

 
   

2018

 
   

Income Tax Expense, as reported

 

$

90.9

 

Add: Income tax benefit from the resolution of foreign tax claims

 

13.3

Income Tax Expense, Non-GAAP 2018 Adjusted

 

$

104.2

 
 

The above table reconciles the U.S. GAAP financial measure of Income Tax Expense to the non-GAAP financial measure of Income Tax Expense, Non-GAAP 2018 Adjusted, which excludes the impact of the successful resolution of foreign tax claims, which was recorded in the first quarter of 2018, for the three months ended March 31, 2018.  We believe that the amount excluding the impact of this item is a useful measure for investors to understand the impact of this item when comparing our reported results for the current year to the prior year. 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.

Three Months Ended March 31, 2018

(Unaudited)

(Dollars in Millions)

 
   

2018

 
   

Net Income –  Omnicom Group Inc., as reported

 

$

264.1

 

Less: Income tax benefit from the resolution of foreign tax claims

 

13.3

Net Income –  Omnicom Group Inc., Non-GAAP 2018 Adjusted

 

$

250.8

 
 

The above table 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., Non-GAAP 2018 Adjusted, which excludes the impact of the successful resolution of foreign tax claims, which was recorded in the first quarter of 2018, for the three months ended March 31, 2018.  We believe that the amount excluding the impact of this item is a useful measure for investors to understand the impact of this item when comparing our reported results for the current year to the prior year. 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 – EBITA

Three Months Ended March 31

(Unaudited)

(Dollars in Millions)

 
 

2019

 

2018

       

Net Income –  Omnicom Group Inc.

$

263.2

   

$

264.1

 

Net Income Attributed To Noncontrolling Interests

16.5

   

20.6

 

Net Income

279.7

   

284.7

 

Income (Loss) From Equity Method Investments

(0.5)

   

0.8

 

Income Tax Expense

102.7

   

90.9

 

Income Before Income Taxes

382.9

   

374.8

 

Interest Income

17.0

   

15.4

 

Interest Expense

63.0

   

62.3

 

Operating Profit

428.9

   

421.7

 

Add back: Amortization of intangible assets

21.6

   

27.5

 

Earnings before interest, taxes and amortization of intangible assets (“EBITA”)

$

450.5

   

$

449.2

 
       

Revenue

$

3,468.9

   

$

3,629.6

 

EBITA

$

450.5

   

$

449.2

 

EBITA Margin – %

13.0

%

 

12.4

%

 

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.

Cision View original content:https://www.prnewswire.com/news-releases/omnicom-group-reports-first-quarter-2019-results-300832422.html

SOURCE Omnicom Group

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