Omnicom Group Schedules Fourth Quarter and Full Year 2018 Earnings Release and Conference Call Posted on February 7, 2019December 11, 2020 by Revanth Ravish NEW YORK, Feb. 7, 2019 /PRNewswire/ — Omnicom Group (NYSE: OMC) will publish its fourth quarter and full year 2018 results on Tuesday, February 12, 2019. The company will host a conference call to review fourth quarter and full year 2018 results on Tuesday, February 12, 2019 at 8:30 AM (ET). The dial-in numbers for the conference call are (800) 230-1059 (domestic) and (612) 234-9960 (international). 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. View original content to download multimedia:https://www.prnewswire.com/news-releases/omnicom-group-schedules-fourth-quarter-and-full-year–2018-earnings-release-and-conference-call-300791820.html SOURCE Omnicom Group
TBWA\Worldwide Launches OneSandbox Posted on January 8, 2019December 11, 2020 by Revanth Ravish Unique membership-based online resource to showcase and connect brands with diverse creative vendors New York, January 7, 2019 –TBWA\Worldwide today announced the launch of OneSandbox, a curated search platform built to showcase diverse makers and vendors in the creative space, and connect them with brands and agencies looking to develop a more inclusive supply chain. The TBWA collective of U.S. ad agencies and creative companies have invested over $165 million]with more than 200 women and multicultural-owned and operated creative businesses (MWBEs) in the past five years on behalf of its clients. Through OneSandbox, TBWA looks to connect these thriving creators with more agencies and brand partners in an effort to close the opportunity gap for minority suppliers across the advertising and marketing industry. The platform seeks to make progress in helping diverse entrepreneurs achieve economic equity. Of the 30 million businesses in America, 52% are owned, operated and controlled by a woman or person of color. Yet they get only 6% of domestic business revenues.[1] “Today, almost 50% of the country is multicultural, and to say ‘I don’t know’ or ‘I can’t help’ is not acceptable,” said Doug Melville, Chief Diversity Officer for TBWA North America. “We created OneSandbox to better inform and better equip our industry peers to do their part to shift the D&I conversation, and make real strides to overcome the disparities for diverse makers and creators. We hope that by making this information easily and readily available, we can eliminate some of the barriers and make some real change.” To date, no centralized, unified resource has existed to help producers and creatives locate and explore noteworthy diverse and women-owned creative vendors to bid on projects. OneSandbox works to simplify this process by identifying, evaluating and listing qualified MWBEs. This includes businesses that are either classified or certified by one of several major diversity councils: Women (WBENC), Multicultural (NMSDC), Hispanic (USHCC), LGBT (NGLCC) and Veteran (NaVOBA). “What’s so powerful about OneSandbox is that brands and agencies will finally have one centralized resource to explore, experience and hire fresh voices and fresh visions that can create work that truly reflects a more diverse and inclusive American audience,” said Rob Schwartz, CEO of TBWA\Chiat\Day New York. Beyond creative vendors, One Sandbox includes information on more than 40 Diversity & Inclusion themed conferences, 20 D&I award shows, and a real-time aggregated newsfeed highlighting must-read stories from around the web on Diversity & Inclusion, with over 5,000 articles at launch. All of these features are available for public consumption at no cost. Access to vendor listings is available via subscription to member agencies. Current OneSandbox member agencies include TBWA\Chiat\Day, The Integer Group, GMR Marketing, Eventive, TBWA\Media Arts Lab, The Collective, TBWA\WorldHealth, Nissan United, 180LA, Designory and Engage. The system is also in beta testing across other agencies within the Omnicom People Engagement Network (OPEN), with plans to extend full membership offers across additional Omnicom agencies, followed by the industry at large in the coming year. Omnicom SVP and Chief Diversity Officer Tiffany R. Warren commented: “As more and more agencies and clients are looking to increase their spend with women and diverse creative vendors, I’m excited that so many diversity champions within Omnicom could be part of OneSandbox upon launch. It’s important we continue to champion disruptive thinking in this space—and we are excited to have this resource available for our agencies.” “As a creative who has worked on Madison Avenue and brought that experience and entrepreneurship to start my own shop, Bravely, working alongside TBWA to create OneSandbox was an incredible project,” said Shane Santiago, President and Chief Experience Officer at Bravely. “There is no shortage of incredibly talented and diverse partners out there who rely on partnerships with agencies to grow, yet at the same time, agencies can create really amazing work by partnering as well. So being able to create a community that thrives on that partnership was incredibly meaningful for me personally, having been on both sides of that relationship.” About TBWA\Worldwide TBWA is The Disruption® Company: the cultural engine for 21st century business. Named Adweek’s2018 Global Agency of the Year, we create disruptive ideas that locate and involve brands in culture, giving them a larger share of the future. Our collective has 11,300 creative minds across 275 offices in 95 countries and also includes brands such as AUDITOIRE, Digital Arts Network (DAN), eg+ worldwide, GMR, The Integer Group®, TBWA\Media Arts Lab, TBWA\WorldHealth and TRO. Global clients include adidas, Apple, Gatorade, Henkel, Hilton Hotels, McDonald’s, Michelin, Nissan, and Singapore Airlines. Follow us on Twitter, LinkedInand Instagram, and like us on Facebook. 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. # # # Media Contacts: Anaka KobzevGlobal Head of CommunicationsTBWA\Worldwide[email protected] Jenna HollmeyerU.S. PR DirectorTBWA\Worldwide[email protected]
Sharon Callahan of TBWA\WorldHealth Named 2019 Woman of the Year by the Healthcare Businesswomen’s Association Posted on January 8, 2019December 11, 2020 by Revanth Ravish NEW YORK, NY – January 8, 2019 – Sharon Callahan, chief executive officer of TBWA\WorldHealth and chief client officer at Omnicom Health Group, has been named Woman of the Year by the Healthcare Businesswomen’s Association (HBA). The announcement was made last night at the J.P. Morgan Healthcare Conference; the award will be conferred at the HBA’s 30th annual Woman of the Year event on May 9 in New York City. The HBA Woman of the Year award honors a senior female executive who has made significant contributions to the business of healthcare and has worked to further the advancement and impact of women in the healthcare industry. “We are so proud to see Sharon recognized for her remarkable career achievements and important contributions to diversity and inclusion,” said Ed Wise, chief executive officer of Omnicom Health Group. “Sharon’s leadership has been instrumental in making Omnicom Health Group a destination for the best talent in the industry, while driving work that has real business impact for our clients. She is a powerful force for change, extraordinary client counselor and inspirational leader, and I have no doubt she will continue to drive great impact in all she does.” “Sharon is an inspiration and a true disruptor,” said Troy Ruhanen, President and CEO, TBWA\Worldwide. “She has a clear vision for the future of healthcare marketing and she pushes the boundaries of creativity and innovation to set a new standard of excellence. Few have done more to help women advance and make an impact. Her collaborative leadership style, business acumen and passion for this important sector of our business have led TBWA\WorldHealth to thrive. She’s an example for all of us and we are enormously proud to see her recognized by the HBA.” Callahan has more than 30 years of experience in healthcare marketing, across disciplines including consumer and professional advertising, medical education, clinical programs, publishing and digital. As the CEO of TBWA\WorldHealth she helps clients access Omnicom’s healthcare experts and develops innovative marketing approaches that maximize results for global brands. Callahan has demonstrated a deep commitment to championing a more diverse and inclusive workplace. She is a founding board member of Omniwomen, which aims to increase the number of women in leadership positions in Omnicom. Within TBWA\WorldHealth, nearly 60 percent of senior leadership roles held by women. She is a founding board member of OPEN Pride, a community for Omnicom’s LGBTQ employees and its allies. Outside of work, she serves as vice-chair for the Victory Fund, which seeks to increase the number of openly LGBTQ officials at all levels of government. She also sits on the boards of the Arthritis Foundation and Women Against Alzheimer’s. “Sharon exemplifies what the Woman of the Year Award is all about,” said Laurie P. Cooke, president and CEO, HBA. “Not only has she achieved great professional success, she has been a leader in driving change in diversity and inclusion in the workplace. We are thrilled to shine a spotlight on all Sharon has achieved and celebrate her many contributions to the industry and beyond.” Callahan’s professional achievements have been recognized with awards including the Highest Leaf Award by the Women’s Venture Fund (2014) and Medical Advertising News Person of the Year (2018). She currently sits on the boards of HBA New York/New Jersey and the Medical Advertising Hall of Fame and serves on the executive committee for the Coalition for Healthcare Communications and the Government Relations Committee for the 4A’s. She is also deeply committed to the HBA’s mission; she served as global board president in 1997 and was recognized as the STAR award recipient in 2006. Prior to her current role, Callahan built her career at Omnicom as executive vice president and director of DAS Healthcare and CEO of LLNS (now TBWA\WorldHealth New York). Prior to Omnicom, Callahan was chief digital strategist at Grey Healthcare Group and president of interactive agency Summit Grey, born out of The Summit Group, a company she co-founded. She also held senior roles at Medsite.com and SCP Communications. About the Healthcare Businesswomen’s Association The Healthcare Businesswomen’s Association (HBA) is a global not-for-profit organization dedicated to furthering the advancement and impact of women in the business of healthcare. With 45 chapters and affiliates throughout the United States and Europe, the HBA serves a community of nearly 50,000 individuals and more than 130 corporate partners. The HBA provides networking forums to build relationships; access to industry thought leaders to broaden perspective; educational programs to develop leadership skills and global recognition of outstanding women and companies to promote visibility of their achievements in advancing gender parity in the workplace. About TBWA\WorldHealth TBWA\WorldHealth is a global healthcare communications agency that leverages the power of disruption and media arts to create behavior-changing ideas. For more information, visit www.tbwaworldhealth.com. About Omnicom Health Group Omnicom Health Group (www.omnicomhealthgroup.com) is a global collective of communications companies with more than 3,200 dedicated healthcare communications specialists. It provides marketing services to the health and life-science industries through a combination of specialized agencies, customized client solutions, and collaborations with other Omnicom network agencies. Organized around four customer groups—healthcare professionals; patients; payers; and medical, evidence, and regulatory stakeholders—Omnicom Health Group serves more than 100 clients in over 55 offices worldwide. Contact: Anaka Kobzev 212 804 1196 [email protected]
Omnicom Agencies Celebrate 2018 with a Stellar Performance at Campaign Asia Agency of the Year Awards Posted on December 14, 2018December 11, 2020 by Revanth Ravish Omnicom agencies win an outstanding 75 agency titles with 25 people achievement awards NEW YORK and SINGAPORE, December 14, 2018 — Omnicom agencies continued their tradition of delivering outstanding creativity and effectiveness by winning 75 Agency of the Year titles across four key cities (Mumbai, Tokyo, Shanghai and Singapore) during Campaign Asia Agency of the Year Awards. In a highly competitive region, Omnicom’s creative and media networks excelled by winning more agency of the year awards than any other holding company. To conclude an impressive awards festival running over four nights, here are a few highlights: TBWA collected an impressive 19 Agency of the Year titles. TBWA was named Southeast Asia Creative Agency of the year, as well as won in Singapore, Thailand and Vietnam. In Japan and Korea, TBWA\Hakuhodo was named Japan’s Creative Agency of the Year and they also won gold in Korea.BBDO picked up 12 Agency of Year awards winning Social Media Agency of the year in China and Creative Agency in Hong Kong. BBDO Guerro also won Philippines Creative Agency of the Year.DDB swept New Zealand by winning Creative Agency of the Year and Digital Agency of the Year.On the media front, OMD won Hong Kong’s Digital Agency of the Year and New Zealand’s Media Agency of the year.PHD won Media Agency of the Year in ChinaLastly, Omnicom Health Group was awarded the Specialist Agency of the Year in Japan/Korea. Japan is the second largest health care market in the world. Omnicom’s exceptional talent was also the most awarded at the festival. Over 25 people and teams were recognized as being the best in their respective fields; spanning creative, strategy planning, talent management and business development. “Our success at this year’s Campaign Asia’s Agency of the Year awards is a testament to our strategy of staying true to our roots, which involves developing the best creative minds in our industry and respecting the individual cultures of our agencies.” said John Wren, Chairman and CEO of Omnicom Group. “I want to congratulate all of our people for their dedication and passion they bring to work every day.” The success at Campaign Asia’s festival continued the winning streak that began earlier in the month with TBWA being named Global Agency of the Year by Adweek. In Europe, PHD won Eurobest’s Media Agency of the Year. ### 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. Press Contacts Joanne Trout, 212-415-3669, [email protected]
Omnicom Group Inc. Declares Dividend Posted on December 11, 2018December 11, 2020 by Revanth Ravish NEW YORK, Dec. 11, 2018 /PRNewswire/ — The Board of Directors of Omnicom Group Inc. (NYSE: OMC) declared a quarterly dividend of 60 cents per outstanding share of the corporation’s common stock. The dividend is payable on January 9, 2019 to Omnicom Group common shareholders of record at the close of business on December 21, 2018. 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. View original content:https://www.prnewswire.com/news-releases/omnicom-group-inc-declares-dividend-300763866.html SOURCE Omnicom Group Inc.
Michael Hartman, Renowned Broadway Press Agent, Joins Advertising Agency Serino Coyne Posted on November 29, 2018December 11, 2020 by Revanth Ravish Founder of the Hartman Group returns to broadway to join Leslie Barrett and Matt Upshaw as the agency’s new team of managing directors New York, N.Y., November 29, 2018 — Serino Coyne, a leading live entertainment advertising and marketing agency and part of Omnicom Group Inc. (NYSE: OMC), today announced that Michael Hartman, the founder and CEO of The Hartman Group and co-founder and president of Barlow-Hartman, two successful theatrical media relations companies, has joined the agency as a managing director. In this newly created role, Hartman will join Serino Coyne’s dynamic staff of artists, innovators and data-driven strategists to oversee the agency’s new business development. Beginning on Monday, Dec. 3, as part of a new leadership team under Serino Coyne CEO Angelo Desimini, Hartman will join Leslie Barrett, current Vice President of Business Engagement, and Matt Upshaw, current Vice President of Account Management and Insights, in their new roles as managing directors. Serino Coyne CFO Catherine Reidand President Greg Corradettiwill continue in their positions. “Michael Hartman is one of the most respected strategic minds in the making and marketing of Broadway show brands,” said Desimini. “A person with his deep experience and well-established relationships is extremely hard to find and rarely available. The contributions of Leslie Barrett and Matt Upshaw to the industry and this agency are inestimable. They are natural leaders with originality and a palpable hunger. I’m excited for the many new initiatives and expertise they bring to this next chapter of our company.” At Barlow-Hartman and later The Hartman Group, Hartman was one of the pre-eminent media relations professionals in the theater industry from 1999 to 2014. He joins Serino Coyne after a highly successful tenure as CEO of the Austin, Tex.-based Amy’s Ice Creams from 2014 to 2018. “My four years as CEO of a larger company in a different industry and a city dominated by tech and cutting-edge company culture allowed for tremendous personal growth, perspective, and the kind of expansion as a businessman I’d likely not gotten otherwise. I’m eager to bring renewed energy to the business of Broadway, not only to the work itself but to company culture. Serino Coyne has been a constant in my career as a press agent and business owner since I started and I am thrilled to join this respected, award-winning agency where Broadway history has been made many times over. Let’s make some more.” The restructuring plan at Serino Coyne reflects the new realities of advertising and marketing in live entertainment. As consumer behavior continues to change at a rapid pace, Serino Coyne’s new leadership team is uniquely positioned to tackle the challenges ahead. “With the addition of Michael and new roles for Leslie and Matt, we are creating an agency with expertise that allows innovations to come to the forefront,” said Desimini. “We understand that selling a ticket is no longer just about a great creative campaign. It’s about data-driven assignments that interact purposefully with audience members, partners and the social media sphere. This new team will bring a holistic view of how we do business, allowing us as an agency to tell stories like no one else. I’m especially thrilled that Michael, as a press agent for 20 years, brings to the table fresh eyes and a skill set that is going to be unique to the industry. With this new leadership team in place, Serino Coyne is ready for a bright new future filled with great work.” Now in its 42nd year, Serino Coyne has created successful campaigns for an impressive list of some the most groundbreaking, long-running Broadway shows and live entertainment properties of the modern era, including The Phantom of the Opera, The Lion King, Wicked andDear Evan Hansen. Leslie Barrett joined Serino Coyne in 2007 and most recently held the position of Vice President of Business Engagement. Over the last 11 years, she has been responsible for new business development, the creation of the digital media practice, the development of the partnership marketing group and the establishment of internal programs for staff training and development. She has also served on several special committees for Omnicom, the parent company of Serino Coyne. Prior to joining Serino Coyne, Leslie worked for Disney Theatrical Productions and Broadway.com. She currently sits on the board of the Broadway Inspirational Voices Choir. Michael Hartman is a former Broadway press agent who created many successful strategic campaigns and represented over 150 Broadway shows as founder and CEO of The Hartman Group from 2009 – 2014, and co-founder and President of Barlow-Hartman from 1999-2009, two highly-successful media relations companies in New York. For the past four years he immersed in an entirely new industry as CEO of Amy’s Ice Creams, a 35-year young company of 300 employees and 17 locations, based in tech-savvy Austin, Tex. He was proud to oversee a company that was nationally recognized for its super premium ice cream, uniquely performance-based customer service and wildly entrepreneurial company culture. Matt Upshaw joined Serino Coyne in 2007 and has most recently held the role of Vice President of Account Management and Insights. He was instrumental in the creation, management and growth of the Insights Department – the first of its kind in the theater industry – which provides clients with sales analysis, dynamic pricing and revenue management entirely in-house. In his 11 years at the agency, Matt has managed the marketing teams for more than 50 clients, from limited-engagement plays to long-running musical hits and other live entertainment properties. Matt has a background in civil engineering and U.S. Naval intelligence. Serino Coyne is the nation’s preeminent full-service entertainment advertising, marketing, and branding agency. Founded in 1977, Serino Coyne represents some of the world’s largest entertainment brands, including Disney Theatrical Group (Frozen, Aladdin, The Lion King), Wicked, Dear Evan Hansen, Ain’t Too Proud – The Life and Times of The Temptations, Harvey Fierstein’s Torch Song, National Geographic ENCOUNTER, Legends / One World Observatory, The Phantom of the Opera, and The Tony Awards®. The agency’s work has garnered multiple Webby, Telly, and Clio Awards. Omnicom Group Inc. (www.omnicomgroup.com) is a leading global marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries. Follow us on Twitter for the latest news.
DDB, Tribal Sweep Marketing Excellence Awards And Named Mumbrella Agency Of The Year 2018 Posted on November 19, 2018December 11, 2020 by Revanth Ravish The agency group brings home 17 awards plus Agency of the Year title Singapore, November 19, 2018—DDB Group Singapore, including its digital arm Tribal Worldwide Singapore, has won six gold, eight silver and three bronze trophies at the Marketing Interactive Marketing Excellence Awards, as well as the title of Creative Agency of the Year at Mumbrella Asia’s Agency of the Year Awards held in Singapore last week. At the Marketing Excellence Awards on November 9, Tribal Worldwide Singapore and client Heineken emerged as the golden pair, winning eight awards for their successful partnership. The duo won a gold and two silver awards for ‘F1 is more than a race,’ a gold and two silver nods for ‘All I want for Christmas is Heineken,’ and silver and bronze metals for ‘UCL champion the match.’ Heineken also took home Marketer of the Year. Tribal also won a gold, silver and bronze awards for Manulife’s ‘What’s your MOVE?’ and a gold for ‘Cover me bro.’ The agency further won gold and silver metals for the Ministry of Communications and Information’s ‘War against Diabetes’ and a gold award for the Ministry of Culture, Community and Youth’s ‘Mr. Woo, the Hungry Ghost Festival chatbot.’ DDB Group Singapore brought home a silver for DBS Suite Life. Tribal also won bronze for ‘Active is now!’ in partnership with iNNN Creative Solutions and Carat Singapore. On Nov 15, 2018, DDB Group Singapore was also named Creative Agency of the Year at Mumbrella’s Agency of the Year Awards 2018. “Last week marked an incredible achievement for both DDB and Tribal. We’re proud of our teams for the winning campaigns for big brands like Heineken, Manulife, DBS Bank, MCI and MCCY,” said David Tang, CEO and President at DDB Asia. “Our focus, as always, is in the work and that’s the passion of our DDB Group.” ABOUT DDB GROUP SINGAPORE With a focus on innovative marketing, DDB Group Singapore builds brands and business with its specialised divisions: DDB, Tribal Worldwide (digital), TracyLocke (shopper marketing), Track (e-commerce), Tasseologic (data and CRM) and Tango5 (social impact). DDB Group Singapore is also the regional hub agency for DDB Asia. It is part of the DDB Worldwide communications network – the fourth largest communications network in the world, with more than 200 offices in over 90 countries. DDB Worldwide is a member of Omnicom Group Inc. DDB Group Singapore was named IAS Hall of Fame Agency of the Year 2009-2016, and has dominated the Effie Singapore Awards for twelve consecutive years. ABOUT DDB WORLDWIDE DDB Worldwide (www.ddb.com) is one of the world’s largest and most influential advertising and marketing networks. At the prestigious 2016 Cannes International Festival of Creativity, DDB took home 101 Lions. DDB is also the 2016 African Cristal Network of the Year and the 2017 Eurobest Network of the Year for the eight time in nine years. In addition, DDB has been named Agency of the Year numerous times by the industry’s leading advertising publications and awards shows. 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 Exxon Mobil, 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 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. For further information on Omnicom and its brands, please visit www.omnicomgroup.com.
Netflix revealed as World’s Simplest Brand, according to annual study from Siegel+Gale Posted on November 13, 2018December 11, 2020 by Revanth Ravish Tech brands, retail and quick-serve restaurants dominate global rankings NEW YORK, Nov. 13, 2018 — Today, Siegel+Gale named Netflix, ALDI and Google as the top three World’s Simplest Brands. The 2018 top-ranked companies consistently deliver on their brand promise with simple, clear, intuitive experiences. For this year’s study, Siegel+Gale asked more than 15,000 people across nine countries in the US, Europe, Asia, India, and the Middle East to evaluate brands and industries on their simplicity. Key findings include: 55 percent of people are willing to pay more for simpler experiences. 64 percent of people are more likely to recommend a brand that delivers simple experiences. A stock portfolio of the simplest global brands has outperformed the average of the major indexes by 679 percent since 2009.Companies that fail to provide simple experiences leave an estimated share of $98 billion on the table. “World’s Simplest Brands quantifies the substantial monetary value of investing in simplifying,” said Howard Belk, co-CEO and chief creative officer, Siegel+Gale. “Now in its eighth year, our study reaffirms an increasing demand for transparent, direct, simple experiences that make peoples’ lives easier. Once again the data proves that simplicity pays.” Movers and ShakersAgainst a backdrop of political, economic and cultural uncertainty, and given rapidly shifting customer expectations, people are demanding simplicity more than ever before. Highlights from this year’s global rankings include:Netflix: For the first time, the leading Internet entertainment service has been named World’s Simplest Brand. Its ease of experience, which allows users to stream, pause and resume viewing high-quality content—without commercials or commitments—earns them the top honor for simplicity.ALDI and Lidl: The German discount grocers are a mainstay of our global Top 10. They surpass big-box competitors by virtue of their clear communications, affordable prices and premium private label products.Spotify and Trivago: The Swedish music streaming service and the German online booking platform are both newcomers to the Top 10 global ranking. Uniqlo: In a beleaguered fashion industry, this Japanese clothing retailer’s philosophy—simplicity, quality and longevity—resonates around the world.Media struggles: Perhaps not surprisingly, given the current context of ‘fake news’ claims and evidence of disinformation campaigns, the news and social media industries fared poorly in this year’s ranking.Consistently complex: Again, this year, industries mired in complexity such as insurance, telecommunications and car rental are at the bottom of the ranking. 2018 Top 10 World’s Simplest Brands NetflixALDIGoogleLidlCarrefourMcDonald’strivagoSpotifyUniqloSubway “The top performers in our study operate in crowded, highly competitive marketplaces. That said, their ability to consistently deliver their brands with simple, compelling experiences sets them apart,” said David Srere, co-CEO and Chief Strategy Officer at Siegel+Gale. “Companies will benefit greatly by keeping it simple for customers…or suffer the consequences.” To browse the full rankings by country and industry visit SimplicityIndex.com. About Siegel+GaleSiegel+Gale is a global brand strategy, design and experience firm. Using facts, intuition and creativity, we blend science with art, unlocking the power of simplicity to help organizations realize their full potential. Since 1969, Siegel+Gale has championed simplicity for leading corporations, nonprofits and government organizations worldwide. We have offices in New York, Los Angeles, San Francisco, London, Dubai and Shanghai, but we’re willing to fly just about anywhere. We’re also not alone. As part of the Brand Consulting Group, a division of Omnicom Group Inc. (NYSE: OMC), we have strong partners all around the world. Contact: Molly Muldoon, PR Director, Siegel+Gale[email protected]1.212.453.0491
Management Transition at AMVBBDO Posted on November 6, 2018December 11, 2020 by Revanth Ravish LONDON, NOVEMBER 6, 2018 – BBDO Worldwide announced today that Dame Cilla Snowball, Group CEO and Group Chairman of AMVBBO, will be leaving the agency at the end of the year. She will be succeeded by Sarah Douglas as CEO AMVBBDO and Justin Pahl as Group Chairman AMVBBDO effective January 1, 2019. “About a year ago, Cilla told me she was giving me 12 months’ notice of her intention to leave her position and pursue a portfolio-based career, working on the boards and government initiatives that she is frequently approached for,” said Andrew Robertson, President and CEO, BBDO Worldwide. “Since then, I have spent most of my time pretending the conversation never happened; and Cilla has spent hers tirelessly developing the agency’s business, reputation and leadership team. As always though, Cilla meant what she said. And now, after 26 years, that time has come.” He continued, “I want to thank Cilla for her extraordinary contributions to AMVBBDO and the network. She has embodied all of our values, but no one – no one – has ever been loved more by clients. Because no one – no one – has ever loved clients more.” Dame Cilla Snowball joined AMVBBDO in 1992 as the agency’s first new business director, and has served as its Managing Director, Chairman, Group Chairman, and Chief Executive. The agency has held the UK’s number one billings position for 21 consecutive years, helped set the gold standard for UK creativity and, on multiple occasions, been named Agency of the Year for effectiveness, creativity, and marketing. She has made a significant contribution to the industry as past Chairman of the Advertising Association and past President of WACL, MGGB and The Thirty Club of London. In recognition of her contributions to advertising, diversity and equality, she was made a Dame last year – the first in advertising. “It’s very hard to leave a business I love, and work that I enjoy,” said Snowball. “If you’ve worked as long as I have in a great job like mine, I think it’s best to go when people ask why, not when you are leaving. I’m beyond grateful for the opportunities and support I have been given at AMVBBDO, surrounded by the best work, people and clients. I’ve always loved doing portfolio work and I am excited about the next chapter.” Sarah Douglas joined AMVBBDO 18 years ago and currently serves as its Chief Client Officer. Justin Pahl is Managing Director and has worked at AMVBBDO for the past 10 years. “Sarah has been associated with some of the agency’s most powerful work and has led many of its most important pitches as Chief Client Officer. She is sharp, challenging, courageous, and knows how to get the best out of the agency,” said Robertson. “Justin has led some of our most important client assignments and, most recently, led the European effort on Ford. I congratulate Sarah and Justin and wish them every success as they transition into their new roles.” ABOUT AMVBBDO AMVBBDO is the UK’s largest advertising agency and has been ranked the number one agency by Nielsen for the last 21 consecutive years. AMVBBDO works with over 70 brands and has one simple aim with all of them – to create powerful brand platforms that propel them forward. We firmly believe in the link between creativity and effectiveness. Creativity is at the core of our DNA and we always operate with passion, integrity and civility. In 2018, AMVBBDO was named Agency of the Year at Creative Circle, D&AD and Marketing Week Masters Awards, and it was the most awarded UK agency at ADC, Brand Film Festival, MAA Do Different Awards, Marketing Society, One Show and YouTube Works. It was the #2 most successful agency in the world at Cannes. AMVBBDO has been rated one of the Top 50 Best Companies to Work For. AMVBBDO is part of BBDO Worldwide. ABOUT BBDO BBDO’s mantra is “The Work. The Work. The Work.” Every day, BBDO people in 289 offices in 81 countries work day by day, job by job and client by client to create and deliver the world’s most compelling commercial content. For 12 years in a row, BBDO has been ranked the most creative agency network in the world in The Gunn Report and for seven years, including 2018, BBDO has been named Network of the Year at the Cannes Lions International Festival of Creativity – more than any other agency network. For the past five years, BBDO has topped the WARC 100 as the world’s most strategic agency network. BBDO has also been chosen Agency of the Year multiple times by the leading industry trade publications. BBDO Worldwide is part of Omnicom Group Inc. (NYSE-OMC) (www.omnicomgroup.com), a leading global marketing and corporate communications company.
Regional Management Changes at BBDO Posted on November 5, 2018December 11, 2020 by Revanth Ravish NEW YORK, NOVEMBER 5, 2018 – BBDO Worldwide announced regional management changes today. The announcement was made by Andrew Robertson, President and CEO, BBDO Worldwide. St. John Walshe will become CEO, BBDO The Americas, and Jim Moser Chairman, BBDO Europe. “St. John started his career at BBDO in 1997 as an account executive on M&M’s,” said Robertson. “For the last 13 years, he has been our global lead on Mars. In that time, it has grown into one of our largest clients and a global flagbearer for our work – the most awarded client at Cannes the last two years in a row. For the last five years, he has also been leading most of our agencies in Europe. Their performance has been strong . He is an exceptional people picker, talent developer and team builder. He is restless, curious and innovative.” Robertson continued, “Jim Moser will be moving from Australia to London. He has had several significant agency and group roles in the 19+ years he has been with the Clemenger Group, and prior to that led our agencies in Poland and Italy. He may be an American moving from Australia, but he loves Europe. And there is no more passionate believer in BBDO, its people, and what we stand for than Jim.” Both Mr. Walshe and Mr. Moser will relocate to their new regions next year. ABOUT BBDO BBDO’s mantra is “The Work. The Work. The Work.” Every day, BBDO people in 289 offices in 81 countries work day by day, job by job and client by client to create and deliver the world’s most compelling commercial content. For 12 years in a row, BBDO has been ranked the most creative agency network in the world in The Gunn Reportand for seven years, including 2018, BBDO has been named Network of the Year at the Cannes Lions International Festival of Creativity – more than any other agency network. For the past five years, BBDO has topped the WARC 100 as the world’s most strategic agency network. BBDO has also been chosen Agency of the Year multiple times by the leading industry trade publications. BBDO Worldwide is part of Omnicom Group Inc. (NYSE-OMC) (www.omnicomgroup.com), a leading global marketing and corporate communications company.
Omnicom Group Reports Third Quarter and Year-to-Date 2018 Results Posted on October 16, 2018December 11, 2020 by Revanth Ravish NEW YORK, October 16, 2018 – Omnicom Group Inc. (NYSE: OMC) today announced that its net income for the third quarter of 2018 increased $35.3 million, or 13.4%, to $298.9 million from $263.6 million in the third quarter of 2017. Diluted net income per common share for the third quarter of 2018 increased nineteen cents, or 16.8%, to $1.32 per share versus $1.13 per share for the third quarter of 2017. Net income – Omnicom Group Inc. and diluted earnings per common share in the third quarter of 2018 includes a net after tax increase of $18.2 million and eight cents per share, respectively, as a result of a net gain on dispositions of certain subsidiaries, less charges in connection with repositioning actions as discussed further below. Omnicom’s worldwide revenue in the third quarter of 2018 decreased 0.1% to $3,714.3 million from $3,719.5 million in the third quarter of 2017. The components of the change in revenue included a decrease in revenue from the negative foreign exchange rate impact of 1.7%, a decrease in acquisition revenue, net of disposition revenue of 0.9% and an increase in revenue from organic growth of 2.9% when compared to the third quarter of 2017. In addition, effective January 1, 2018, we adopted FASB Accounting Standards Codification Topic 606 “Revenue from Contracts with Customers” (“ASC 606”). We elected to adopt ASC 606 applying the modified retrospective method. The effect on revenue in the third quarter of 2018 from adopting ASC 606 when compared to the third quarter of 2017 was a decrease in revenue of 0.4%. Organic growth in the third quarter of 2018 as compared to the third quarter of 2017 in our five fundamental disciplines was as follows: Advertising increased 4.0%, CRM Consumer Experience increased 5.5%, CRM Execution & Support decreased 3.6%, Public Relations increased 2.3% and Healthcare increased 2.9%. Across our regional markets, organic growth in the third quarter of 2018 as compared to the third quarter of 2017 was 0.6% for the United States, 6.9% in the Euro Markets and Other Europe, 13.6% in Asia Pacific and 1.7% in Latin America, while Other North America decreased 5.4%, the United Kingdom decreased 0.3% and the Middle East and Africa decreased 0.4%. Operating profit in the third quarter of 2018 increased $32.1 million, or 6.8%, to $502.3 million from $470.2 million in the third quarter of 2017. Our operating margin for the third quarter of 2018 increased to 13.5% versus 12.6% for the third quarter of 2017. The impact from adopting ASC 606 increased operating profit by $3.6 million during the third quarter of 2018. Operating profit in the third quarter of 2018 reflects a net pre-tax increase of $29.0 million from the net gain on dispositions of certain subsidiaries of $178.4 million, which arose primarily from the sale of Sellbytel, our European-based outsourced sales, service and support business, less expenses of $149.4 million in connection with repositioning actions related to the continuing improvement of the strategic position and operating efficiencies of our businesses. Excluding the impact of the items discussed above, operating profit in the third quarter of 2018 increased $3.1 million, or 0.7%, to $473.3 million from $470.2 million in the third quarter of 2017, while operating margin for the third quarter of 2018 increased to 12.7% when compared to 12.6% for the third quarter of 2017. For the third quarter of 2018, our income tax rate was 25.9% compared to 31.6% for the same period in 2017. The year over year difference in our effective tax rate primarily resulted from the enactment of the Tax Cuts and Jobs Act (the “2017 Tax Act”), which reduced the U.S. Federal statutory tax rate from 35% to 21%. The decrease in the tax expense for the third quarter of 2018 also reflects the impacts of a lower tax rate on the net gain on dispositions of subsidiaries discussed above. Lastly, in the third quarter of 2018, we recorded additional income tax expense of $28.9 million reflecting a revision to certain components of the provisional estimate of the effect of the 2017 Tax Act recorded in the fourth quarter of 2017. Year-to-Date Net income – Omnicom Group Inc. for the nine months ended September 30, 2018 increased $93.2 million, or 11.2%, to $927.2 million from $834.0 million in the same period in 2017. Diluted net income per common share for the nine months ended September 30, 2018 increased fifty-one cents, or 14.4%, to $4.06 per share compared to $3.55 per share for the nine months ended September 30, 2017. Net income – Omnicom Group Inc. and diluted earnings per common share for the nine months ended September 30, 2018 includes a net after tax increase of $18.2 million and eight cents per share, respectively, as a result of a net gain on dispositions of certain subsidiaries, less charges taken in the third quarter in connection with repositioning actions discussed above. Worldwide revenue for the nine months ended September 30, 2018 increased 1.0% to $11,203.5 million from $11,097.1 million in the same period of 2017. The components of the change in revenue included an increase in revenue from the positive foreign exchange rate impact of 1.5%, a decrease in acquisition revenue, net of disposition revenue of 2.0% and an increase in revenue from organic growth of 2.5% when compared to the same period of 2017. The effect on revenue for the nine months ended September 30, 2018 from adopting ASC 606 when compared to the same period of 2017 was a decrease in revenue of 1.0%. Organic growth for the nine months ended September 30, 2018 compared to the same period in 2017 in our five fundamental disciplines was as follows: Advertising increased 2.4%, CRM Consumer Experience increased 6.5%, CRM Execution & Support decreased 2.3%, Public Relations increased 2.0% and Healthcare increased 3.5%. Across our regional markets, organic growth for the nine months ended September 30, 2018 as compared to the same period of 2017 was 0.1% in the United States, 0.1% in the United Kingdom, 9.3% in the Euro Markets and Other Europe, 9.9% in Asia Pacific and 2.4% in Latin America, while Other North America decreased 5.9% and the Middle East and Africa decreased 5.9%. Operating profit for the nine months ended September 30, 2018 increased $48.9 million, or 3.4%, to $1,506.3 million compared to $1,457.4 million for the same period in 2017. Our operating margin for the nine months ended September 30, 2018 increased to 13.4% versus 13.1% for the same period in 2017. The impact from adopting ASC 606 reduced operating profit by $10.4 million for the nine months ended September 30, 2018. Operating profit for the nine months ended September 30, 2018 reflects a net pre-tax increase of $29.0 million from the net gain on dispositions of certain subsidiaries of $178.4 million, which arose primarily from the sale of Sellbytel, our European-based outsourced sales, service and support business, less expenses of $149.4 million in connection with repositioning actions related to the continuing improvement of the strategic position and operating efficiencies of our businesses. Excluding the impact of the items discussed above, operating profit for the nine months ended September 30, 2018 increased $19.9 million, or 1.4%, to $1,477.3 million from $1,457.4 million for the same period in 2017, while operating margin for the third quarter of 2018 increased to 13.2% versus 13.1% for the the same period of 2017. For the nine months ended September 30, 2018, our income tax rate was 25.4% compared to 31.1% for the same period in 2017. The year over year difference in our effective tax rate primarily resulted from the enactment of the 2017 Tax Act, as described above. Income tax expense for the nine months ended September 30, 2018 was also reduced due to: (a) the successful resolution of foreign tax claims during the first quarter of 2018, (b) the impacts of a lower tax rate on the net gain on dispositions of subsidiaries in the third quarter of 2018, partially offset by (c) an increase in income tax expense related to the revision to certain components of the provisional estimate of the effect of the 2017 Tax Act in the third quarter of 2018. Non-GAAP Financial Measures We use certain non-GAAP financial measures in describing our performance. Non-GAAP 2018 Adjusted results, which exclude the net gain related to the impact of dispositions of certain subsidiaries and repositioning actions taken in the third quarter of 2018, are presented in the third quarter and year-to-date results presented above and in the tables in this release. We believe that the Non-GAAP 2018 Adjusted results are useful measures for investors to understand the impact these actions had on our reported results. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with U.S. GAAP. Non-GAAP financial measures reported by us may not be comparable to similarly titled amounts reported by other companies. 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, excluding the impact of the adoption of ASC 606. 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 third quarter earnings conference call, go to https://investor.omnicomgroup.com/investor-relations/news-events-and-filings. Contacts Investor Relations: Media: Shub Mukherjee, 212-415-3011 Joanne Trout, 212-415-3669 [email protected] [email protected] Omnicom Group Inc. Consolidated Statements of Income Three Months Ended September 30 (Unaudited) (Dollars in Millions, Except Per Share Data) 2018 (a) 2017 Revenue $ 3,714.3 $ 3,719.5 Operating Expenses: Salary and service costs 2,834.2 2,764.5 Occupancy and other costs 376.8 316.7 Net gain on dispositions of subsidiaries (178.4 ) — Costs of services 3,032.6 3,081.2 Selling, general and administrative expenses 113.5 99.5 Depreciation and amortization 65.9 68.6 3,212.0 3,249.3 Operating Profit 502.3 470.2 Interest Expense 69.4 65.0 Interest Income 12.7 12.6 Income Before Income Taxes 445.6 417.8 Income Tax Expense 115.3 132.0 Income From Equity Method Investments 1.0 1.1 Net Income 331.3 286.9 Net Income Attributed To Noncontrolling Interests 32.4 23.3 Net Income – Omnicom Group Inc. 298.9 263.6 Net income allocated to participating securities — (0.3 ) Net income available for common shares $ 298.9 $ 263.3 Net income per common share – Omnicom Group Inc. Basic $ 1.33 $ 1.14 Diluted $ 1.32 $ 1.13 Weighted average shares (in millions) Basic 224.8 231.2 Diluted 225.9 232.7 Dividends declared per common share $ 0.60 $ 0.55 (a) On January 1, 2018 we adopted FASB ASC Topic 606 “Revenue from Contracts with Customers” (“ASC 606”). ASC 606 was applied using the modified retrospective method, where the cumulative effect of initial application is recognized as an adjustment to opening retained earnings at January 1, 2018. Therefore, comparative prior periods have not been adjusted and continue to be reported under ASC 605 “Revenue Recognition” (“ASC 605”). The adoption of ASC 606 did not materially impact our financial position. For the three months ended September 30, 2018, the adoption of ASC 606 reduced revenue by $17.1 million and increased operating profit by $3.6 million. The adoption of ASC 606 did not have a material impact on Net Income – Omnicom Group Inc. or Diluted net income per common share – Omnicom Group Inc. for the three months ended September 30, 2018. As required, a comparison of the current presentation under ASC 606 to the prior presentation under ASC 605 is provided below. Omnicom Group Inc. Impact of the Adoption of ASC 606 Three Months Ended September 30 (Unaudited) (Dollars in Millions) 2018 Reported under ASC 606 2018 Adjustments 2018 Excluding Impact of Adoption of ASC 606 Revenue $ 3,714.3 $ 17.1 $ 3,731.4 Operating Expenses 3,212.0 20.7 3,232.7 Operating Profit $ 502.3 $ (3.6 ) $ 498.7 The above table presents the U.S. GAAP financial measures of Revenue, Operating Expenses and Operating Profit as reported, as well as the impact of the adoption of ASC 606 on these measures for the period presented. The impact of the adoption of ASC 606 on net income – Omnicom Group Inc. and diluted net income per share – Omnicom Group Inc. was not material. Omnicom Group Inc. Consolidated Statements of Income Nine Months Ended September 30 (Unaudited) (Dollars in Millions, Except Per Share Data) 2018 (a) 2017 Revenue $ 11,203.5 $ 11,097.1 Operating Expenses: Salary and service costs 8,319.9 8,184.6 Occupancy and other costs 1,016.7 924.5 Net gain on dispositions of subsidiaries (178.4 ) — Costs of services 9,158.2 9,109.1 Selling, general and administrative expenses 336.3 318.2 Depreciation and amortization 202.7 212.4 9,697.2 9,639.7 Operating Profit 1,506.3 1,457.4 Interest Expense 198.1 187.0 Interest Income 42.0 38.0 Income Before Income Taxes 1,350.2 1,308.4 Income Tax Expense 343.0 406.7 Income From Equity Method Investments 3.6 2.7 Net Income 1,010.8 904.4 Net Income Attributed To Noncontrolling Interests 83.6 70.4 Net Income – Omnicom Group Inc. 927.2 834.0 Net income allocated to participating securities (0.1 ) (1.4 ) Net income available for common shares $ 927.1 $ 832.6 Net income per common share – Omnicom Group Inc. Basic $ 4.08 $ 3.58 Diluted $ 4.06 $ 3.55 Weighted average shares (in millions) Basic 227.2 232.6 Diluted 228.5 234.4 Dividends declared per common share $ 1.80 $ 1.65 (a) On January 1, 2018 we adopted FASB ASC Topic 606 “Revenue from Contracts with Customers” (“ASC 606”). ASC 606 was applied using the modified retrospective method, where the cumulative effect of initial application is recognized as an adjustment to opening retained earnings at January 1, 2018. Therefore, comparative prior periods have not been adjusted and continue to be reported under ASC 605 “Revenue Recognition” (“ASC 605”). The adoption of ASC 606 did not materially impact our financial position. For the nine months ended September 30, 2018, the adoption of ASC 606 reduced revenue by $108.5 million and operating profit by $10.4 million. The adoption of ASC 606 did not have a material impact on Net Income – Omnicom Group Inc. or Diluted net income per common share – Omnicom Group Inc. for the nine months ended September 30, 2018. As required, a comparison of the current presentation under ASC 606 to the prior presentation under ASC 605 is provided below. Omnicom Group Inc. Impact of the Adoption of ASC 606 Nine Months Ended September 30 (Unaudited) (Dollars in Millions) 2018 Reported under ASC 606 2018 Adjustments 2018 Excluding Impact of Adoption of ASC 606 Revenue $ 11,203.5 $ 108.5 $ 11,312.0 Operating Expenses 9,697.2 98.1 9,795.3 Operating Profit $ 1,506.3 $ 10.4 $ 1,516.7 The above table presents the U.S. GAAP financial measures of Revenue, Operating Expenses and Operating Profit as reported, as well as the impact of the adoption of ASC 606 on these measures for the period presented. The impact of the adoption of ASC 606 on net income – Omnicom Group Inc. and diluted net income per share – Omnicom Group Inc. was not material. Omnicom Group Inc. Impact of Net Gain on Dispositions and Repositioning Actions on Operating Expenses Three and Nine Months Ended September 30, 2018 (Unaudited) (Dollars in Millions) Repositioning Actions Net Gain on Dispositions Total Operating expenses: Salary and service costs $ 73.7 $ — $ 73.7 Occupancy and other costs 73.5 — 73.5 Net gain on dispositions of subsidiaries (178.4 ) (178.4 ) Costs of services 147.2 (178.4 ) (31.2 ) Selling, general and administrative expenses 2.2 — 2.2 Depreciation and amortization — — — Operating Expenses $ 149.4 $ (178.4 ) $ (29.0 ) The above table identifies the components of the net pre-tax gain on dispositions of certain subsidiaries and repositioning actions we took in the third quarter of 2018 on our operating expenses for the three and nine months ended September 30, 2018. Omnicom Group Inc. Non-GAAP Financial Measures – Excluding Impact of Dispositions, Repositioning Actions and Tax Expense related to Tax Reform Three Months Ended September 30 (Unaudited) (Dollars in Millions, Except Per Share Data) 2018 Reported (a) (b) Non-GAAP 2018 Adjusted (a) (b) 2017 Operating Profit $ 502.3 $ 473.3 $ 470.2 Net Interest Expense 56.7 56.7 52.4 Income Tax Expense (b) 115.3 111.4 132.0 Income From Equity Method Investments 1.0 1.0 1.1 Net Income Attributed To Noncontrolling Interests 32.4 25.5 23.3 Net Income – Omnicom Group Inc. 298.9 280.7 263.6 Net income allocated to participating securities — — (0.3 ) Net income available for common shares $ 298.9 $ 280.7 $ 263.3 Diluted net income per common share – Omnicom Group Inc. $ 1.32 $ 1.24 $ 1.13 Diluted weighted average shares (in millions) 225.9 225.9 232.7 The above table identifies, in the column entitled “Non-GAAP 2018 Adjusted”, the U.S. GAAP financial measures of Operating Profit, Income Tax Expense, Net Income – Omnicom Group Inc., Net Income allocated to participating securities and Earnings per Share – Diluted as reported, as well as the non-GAAP amounts excluding the impact of the net gain recognized on dispositions of certain subsidiaries, certain repositioning actions and the revision of the provisional income tax expense amounts recorded in connection with the enactment of the 2017 Tax Act in the column entitled “Non-GAAP 2018 Adjusted” for the three months ended September 30, 2018. We believe that the amounts presented in the “Non-GAAP 2018 Adjusted” column are useful measures for investors to understand the impact these items had on our reported results. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with U.S. GAAP. Non-GAAP financial measures reported by us may not be comparable to similarly titled amounts reported by other companies. (a) During the three months ended September 30, 2018, we disposed of certain subsidiaries & recorded a net gain, primarily related to the sale of Sellbytel, our outsourced sales, service and support company and we recorded expenses for certain repositioning actions related to the continued improvement of our strategic position and operating efficiencies of our businesses. Additionally the “Non-GAAP 2018 Adjusted” income tax expense includes $28.9 million of additional expense related to an adjustment to the effects of the 2017 Tax Act recorded in the fourth quarter of 2017. The net impact of these items increased operating profit by $29.0 million, Net Income – Omnicom Group Inc. by $18.2 million, and Diluted net income per common share – Omnicom Group Inc. by $0.08 per share for the three months ended September 30, 2018. (b) The 2017 Tax Act reduced the Federal statutory tax rate to 21% from 35% for tax years beginning after December 31, 2017 and made several changes to existing tax law which affect our tax assets and liabilities related to previously reported taxable income. As a result, in 2017, we recorded tax expense on accumulated earnings of our foreign subsidiaries and adjusted our previously reported deferred tax assets and liabilities to reflect the impact of the revised statutory federal rate as of the enactment date. Income tax expense for the fourth quarter of 2017 reflected a net increase of $106.3 million related to the impact of the 2017 Tax Act. Due to the timing of the 2017 Tax Act, which was enacted on December 22, 2017, our 2017 financial statements reflected provisional amounts for these items. In the third quarter of 2018, we revised these estimates and recorded additional tax expense of $28.9 million in compliance with guidance provided in SEC SAB 118. Omnicom Group Inc. Non-GAAP Financial Measures – Excluding Impact of Dispositions, Repositioning Actions and Tax Expense related to Tax Reform Nine Months Ended September 30 (Unaudited) (Dollars in Millions, Except Per Share Data) 2018 Reported (a) (b) Non-GAAP 2018 Adjusted (a) (b) 2017 Operating Profit $ 1,506.3 $ 1,477.3 $ 1,457.4 Net Interest Expense 156.1 156.1 149.0 Income Tax Expense (b) 343.0 339.1 406.7 Income From Equity Method Investments 3.6 3.6 2.7 Net Income Attributed To Noncontrolling Interests 83.6 76.7 70.4 Net Income – Omnicom Group Inc. 927.2 909.0 834.0 Net income allocated to participating securities (0.1 ) (0.1 ) (1.4 ) Net income available for common shares $ 927.1 $ 908.9 $ 832.6 Diluted net income per common share – Omnicom Group Inc. $ 4.06 $ 3.98 $ 3.55 Diluted weighted average shares (in millions) 228.5 228.5 234.4 The above table identifies, in the column entitled “Non-GAAP 2018 Adjusted”, the U.S. GAAP financial measures of Operating Profit, Income Tax Expense, Net Income – Omnicom Group Inc., Net Income allocated to participating securities and Earnings per Share – Diluted as reported, as well as the non-GAAP amounts excluding the impact of the net gain recognized on dispositions of certain subsidiaries, certain repositioning actions and the revision of the provisional income tax expense amounts recorded in connection with the enactment of the 2017 Tax Act in the column entitled “Non-GAAP 2018 Adjusted” for the nine months ended September 30, 2018. We believe that the amounts presented in the “Non-GAAP 2018 Adjusted” column are useful measures for investors to understand the impact these items had on our reported results. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with U.S. GAAP. Non-GAAP financial measures reported by us may not be comparable to similarly titled amounts reported by other companies. (a) During the third quarter of 2018, we disposed of certain subsidiaries & recorded a net gain, primarily related to the sale of Sellbytel, our outsourced sales, service and support company and we recorded expenses for certain repositioning actions related to the continued improvement of our strategic position and operating efficiencies of our businesses. Additionally the “Non-GAAP 2018 Adjusted” income tax expense includes $28.9 million of additional expense related to an adjustment to the effects of the 2017 Tax Act recorded in the fourth quarter of 2017. The net impact of these items increased operating profit by $29.0 million, Net Income – Omnicom Group Inc. by $18.2 million and Diluted net income per common share – Omnicom Group Inc. by $0.08 per share for the nine months ended September 30, 2018. (b) The 2017 Tax Act reduced the Federal statutory tax rate to 21% from 35% for tax years beginning after December 31, 2017 and made several changes to existing tax law which affect our tax assets and liabilities related to previously reported taxable income. As a result, in 2017, we recorded tax expense on accumulated earnings of our foreign subsidiaries and adjusted our previously reported deferred tax assets and liabilities to reflect the impact of the revised statutory federal rate as of the enactment date. Income tax expense for the fourth quarter of 2017 reflected a net increase of $106.3 million related to the impact of the 2017 Tax Act. Due to the timing of the 2017 Tax Act, which was enacted on December 22, 2017, our 2017 financial statements reflected provisional amounts for these items. In the third quarter of 2018, we revised these estimates and recorded additional tax expense of $28.9 million in compliance with guidance provided in SEC SAB 118. Omnicom Group Inc. Reconciliation of Non-GAAP Financial Measures – 2018 Adjusted Operating Profit Three Months Ended September 30 (Unaudited) (Dollars in Millions) 2018 2017 Net Income – Omnicom Group Inc. $ 298.9 $ 263.6 Net Income Attributed To Noncontrolling Interests 32.4 23.3 Net Income 331.3 286.9 Income From Equity Method Investments 1.0 1.1 Income Tax Expense 115.3 132.0 Income Before Income Taxes 445.6 417.8 Interest Income 12.7 12.6 Interest Expense 69.4 65.0 Operating Profit 502.3 470.2 Net gain on dispositions of subsidiaries (178.4 ) — Repositioning actions 149.4 — Operating Profit – Non-GAAP 2018 Adjusted $ 473.3 $ 470.2 Revenue $ 3,714.3 $ 3,719.5 Operating Profit – Non-GAAP 2018 Adjusted $ 473.3 $ 470.2 Operating Margin % – Non-GAAP 2018 Adjusted 12.7 % 12.6 % The above table reconciles the U.S. GAAP financial measure of Net Income – Omnicom Group Inc. to the non-GAAP “Non-GAAP 2018 Adjusted” financial measures of Operating Profit and Operating Margin, which exclude the impact of the net gain recognized on dispositions of certain subsidiaries, certain repositioning actions and the revision of the provisional income tax expense amounts recorded in connection with the enactment of the 2017 Tax Act for the three months ended September 30, 2018. We believe the amounts excluding the impact of these items are useful measures for investors to understand the impact these actions had on our reported results. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with U.S. GAAP. Non-GAAP financial measures reported by us may not be comparable to similarly titled amounts reported by other companies. Omnicom Group Inc. Reconciliation of Non-GAAP Financial Measures – 2018 Adjusted Operating Profit Nine Months Ended September 30 (Unaudited) (Dollars in Millions) 2018 2017 Net Income – Omnicom Group Inc. $ 927.2 $ 834.0 Net Income Attributed To Noncontrolling Interests 83.6 70.4 Net Income 1,010.8 904.4 Income From Equity Method Investments 3.6 2.7 Income Tax Expense 343.0 406.7 Income Before Income Taxes 1,350.2 1,308.4 Interest Income 42.0 38.0 Interest Expense 198.1 187.0 Operating Profit 1,506.3 1,457.4 Net gain on dispositions of subsidiaries (178.4 ) — Repositioning actions 149.4 — Operating Profit – Non-GAAP 2018 Adjusted $ 1,477.3 $ 1,457.4 Revenue $ 11,203.5 $ 11,097.1 Operating Profit – Non-GAAP 2018 Adjusted $ 1,477.3 $ 1,457.4 Operating Margin % – Non-GAAP 2018 Adjusted 13.2 % 13.1 % The above table reconciles the U.S. GAAP financial measure of Net Income – Omnicom Group Inc. to the non-GAAP “Non-GAAP 2018 Adjusted” financial measures of Operating Profit and Operating Margin, which exclude the impact of the net gain recognized on dispositions of certain subsidiaries, certain repositioning actions and the revision of the provisional income tax expense amounts recorded in connection with the enactment of the 2017 Tax Act for the nine months ended September 30, 2018. We believe the amounts excluding the impact of these items are useful measures for investors to understand the impact these actions had on our reported results. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with U.S. GAAP. Non-GAAP financial measures reported by us may not be comparable to similarly titled amounts reported by other companies. Omnicom Group Inc. Reconciliation of Non-GAAP Financial Measures – 2018 Adjusted Net Income – Omnicom Group Inc. Three and Nine Months Ended September 30, 2018 (Unaudited) (Dollars in Millions) Three Months ended September 30, 2018 Nine Months ended September 30, 2018 Net Income – Omnicom Group Inc., as reported $ 298.9 $ 927.2 Net gain on dispositions, before income tax expense (178.4 ) (178.4 ) Repositioning actions – Incremental Severance and other items, before income tax expense 75.9 75.9 Repositioning actions – Lease terminations, before income tax expense 73.5 73.5 Income tax benefit on repositioning actions, less income tax expense on net gain from dispositions (25.0 ) (25.0 ) Allocation of above items to non-controlling interests 6.9 6.9 Increase in income tax expense for revision of provisional estimates in connection with adoption of 2017 Tax Act 28.9 28.9 Net Income – Omnicom Group Inc., Non-GAAP 2018 Adjusted $ 280.7 $ 909.0 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 net gain recognized on dispositions of certain subsidiaries, certain repositioning actions and the revision of the provisional income tax expense amounts recorded in connection with the enactment of the 2017 Tax Act, for the periods presented. We believe the amounts excluding the impact of these items are useful measures for investors to understand the impact these actions had on our reported results. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with U.S. GAAP. Non-GAAP financial measures reported by us may not be comparable to similarly titled amounts reported by other companies.
Omnicom Agencies Continue their Winning Streak at the Spikes Asia Festival of Creativity Posted on October 2, 2018December 11, 2020 by Revanth Ravish BBDO and DDB Named Top Two Networks NEW YORK and SINGAPORE, Oct. 1, 2018 /PRNewswire/ — On the heels of winning Holding Company of the Year at the Cannes Lions Festival, Omnicom (NYSE: OMC) agencies continue to be the most creatively awarded in the industry by dominating the 2018 Spikes Asia Festival of Creativity. BBDO received the night’s top honor, Network of the Year, for the sixth time in seven years, with DDB placing second. DDB Australia was runner-up for Agency of the Year and PHD Worldwide was awarded the third spot for Media Agency of the Year. In total, over 20 Omnicom agencies in 15 countries contributed to nearly 120 Spike awards with work from 40 different clients. Omnicom agencies won an impressive four Grand Prix awards in Brand Experience & Activation, Digital, Outdoor, as well as the only Creative Effectiveness award. DDB New Zealand “Fight for Territory” for Steinlager was a multiple award-winner, taking the top prize in Brand Experience & Activation and Outdoor. Colenso BBDO “SelfieSTIX” for Mars Pedigree New Zealand was a Grand Prix winner in the Digital category while CHE Proximity’s campaign “The Billion Point Giveaway” for Velocity Frequent Flyer earned the top prize for Creative Effectiveness. “After winning big at the Cannes Lions Festival, seeing our agencies continue their winning streak at their sister award show, Spikes Asia Festival of Creativity, is especially gratifying,” said John Wren, Chairman and CEO, Omnicom Group. “We are so proud of the quality of work our agencies are doing across disciplines and geographies for their clients.” Full details of all of the winners can be found on www.spikes.asia. About Spikes Asia Building on 28 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. Twitter: @Omnicom | Instagram: @Omnicom View original content: https://www.prnewswire.com/news-releases/omnicom-agencies-continue-their-winning-streak-at-the-spikes-asia-festival-of-creativity-300721576.html SOURCE Omnicom Group
Omnicom at Advertising Week New York 2018 Posted on September 28, 2018December 11, 2020 by Revanth Ravish Advertising Week New York, the premiere event for marketing, brand, advertising, and technology professionals, kicks off Monday, October 1st, in New York City. Omnicom, along with our agency talent from across the networks, will be featured as speakers throughout the week. Highlights include: Monday, Oct 1 10:30AM | “Times Have Changed. Great Storytelling Hasn’t.” with Ari Weiss, CCO, DDB North America 2:30PM | “ADCOLOR: In Conversation with the Future” with Tiffany R. Warren, SVP, Chief Diversity Officer, Omnicom Tuesday, Oct 2 10:30PM | “If Attention is the Currency for Advertising, What does it take to get More?” feat. Robin Fitzgerald, CCO, BBDO Atlanta 12:30PM | “How Vandalism Will Save Advertising” with Jeff Goodby, Co-Chairman and Partner, Goodby, Silverstein & Partners Wednesday, Oct 3 11:30AM | “Act Your Age? Legacy Brand Leadership in the Age of Disruption” with Erin Riley, President, TBWA\Chiat\Day LA 3:00PM | “CEOs Leading Through Change” feat. John Osborn, CEO, OMD USA Thursday, Oct 4 9:00AM | “I’m Only Going to Say This Once” – Live with Lee Clow, Chairman, TBWA\Media Arts Lab 11:30AM | “The Value of Activating Brave” with Charles Trevail, CEO, Interbrand View the full schedule here.
Clemenger BBDO Buys Levo Digital Posted on August 15, 2018December 11, 2020 by Revanth Ravish NEW YORK, Aug. 15, 2018/PRNewswire/ — Clemenger BBDO, part of Omnicom Group Inc. (NYSE: OMC), has purchased a majority stake in Levo Digital, a leading Australian marketing services and technology business. Levo delivers transformation by empowering businesses with marketing technology and tools that connect consumers with the things they want and need, when and where they need them. The company helps its clients innovate, expand and transform their organizations through the implementation and use of technology, with a specialization in designing and deploying marketing automation and ecommerce platforms. Levo was founded in 2005 by Callum Hoogesteger and Craig Roberts, who will continue to lead the business. Levo will retain its brand within the Clemenger Group. Clemenger Group Executive Chairman, Robert Morgan, said: “Levo will give us the underlying technology skills required to deliver personal, scalable and unmissable experiences. Levo already works with us on key clients and we see enormous growth opportunities post acquisition for Levo to work across the Clemenger BBDO Networks.” Combined with Clemenger’s existing digital and data capabilities, Levo will enable the Group to have the most advanced business transformation capabilities in the market. ABOUT LEVOLevo is a leading specialist digital transformation and delivery consultancy with offices across Australia and New Zealand, along with an established global resource network providing round the clock capability and support. At the heart of enterprises large and small, we help organisations realise the potential of their technology assets by connecting people with the things they want and need, when and where they need them. Combining intelligent user experience and design with a deep-rooted understanding of technology and business systems, our team of 60+ technologists working across verticals including experience and product design, ecommerce, CMS, CRM, mobile and custom application development empower organisations to better connect and communicate with their audiences. ABOUT THE CLEMENGER GROUP Clemenger Group is Australasia’s largest marketing communications network, comprising over 30 individual companies across multiple disciplines – including Clemenger BBDO, Colenso BBDO, CHE Proximity, Traffik Experiential, Porter Novelli, Creative Activation Group, GRA Cosway, Hall & Partners, Quantum Research, Perceptive Research, Marketforce and 99 Enterprises. Clients include National Australia Bank, Carlton United Breweries, Spark Telecom, Telstra, Mazda, IAG, Pepsico and Mars. It is majority owned by Omnicom Group through its BBDO Worldwide Network.
Omnicom Precision Marketing Strengthens its Management and IT Consulting Capabilities by Acquiring Credera Posted on August 2, 2018December 11, 2020 by Revanth Ravish NEW YORK, August 2, 2018 – 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 acquired a majority stake in Credera. Credera is a full-service provider of management and technology consulting services. With a core focus on marTtech and ecommerce platforms, the company delivers solutions that increase customer engagement and drive sales growth. “Credera works directly with the C Suite to help companies transform their business for the digital age,” said Luke Taylor, Chief Executive Officer, Omnicom Precision Marketing Group. “Credera has become a trusted business advisor to change leaders across an impressive roster of B2B and consumer companies. We welcome them to the Omnicom family.” Credera’s best-in-class talent has expertise in developing and implementing customer-centric technology platforms. Along with Omnicom Precision Marketing Group’s global presence, depth in creative, and leadership in data and analytics, the combination will create a compelling offering for Omnicom’s existing client base and prospects. “Omnicom is an excellent strategic and cultural fit that gives us direct access to a much larger client base, suite of services and talent,” said Credera’s CEO and Chairman, Rob Borrego, who will continue at the helm of the management team and organization. “Credera and Omnicom Precision Marketing Group can take an idea all the way from its conception upstream, to its implementation downstream – from the white board, through development, to a consumer’s device. By joining forces, we can do this on a larger scale and accelerate our combined growth in management and marketing technology consulting.” Credera was founded in 1999 and serves a wide range of clients from Fortune 500 companies to emerging industry leaders including Southwest Airlines, National Geographic, EmployBridge, NRG, HomeAdvisor among others. Headquartered in Dallas, they currently employ over 300 consulting professionals with offices in Denver and Houston. # # # ABOUT CREDERA With approximately 300 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. 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. Press Contacts Joanne Trout, 212-415-3669, [email protected]
Omnicom Group Reports Second Quarter and Year-to-Date 2018 Results Posted on July 17, 2018December 11, 2020 by Revanth Ravish NEW YORK, July 17, 2018 – Omnicom Group Inc. (NYSE: OMC) today announced that its net income for the second quarter of 2018 increased $35.6 million, or 10.8%, to $364.2 million from $328.6 million in the second quarter of 2017. Diluted net income per common share for the second quarter of 2018 increased twenty cents, or 14.3%, to $1.60 per share versus $1.40 per share for the second quarter of 2017. Omnicom’s worldwide revenue in the second quarter of 2018 increased 1.8% to $3,859.6 million from $3,790.1 million in the second quarter of 2017. The components of the change in revenue included an increase in revenue from the positive foreign exchange rate impact of 2.1%, a decrease in acquisition revenue, net of disposition revenue of 1.0% and an increase in revenue from organic growth of 2.0% when compared to the second quarter of 2017. In addition, effective January 1, 2018, we adopted FASB Accounting Standards Codification Topic 606 “Revenue from Contracts with Customers” (“ASC 606”). We elected to adopt ASC 606 applying the modified retrospective method. The effect on revenue in the second quarter of 2018 from adopting ASC 606 when compared to the second quarter of 2017 was a decrease in revenue of 1.3%. Organic growth in the second quarter of 2018 as compared to the second quarter of 2017 in our fundamental disciplines was as follows: Advertising increased 1.6%, CRM Consumer Experience increased 7.1%, CRM Execution & Support decreased 4.4%, Public Relations increased 2.7% and Healthcare increased 4.8%. Across our regional markets, organic growth in the second quarter of 2018 as compared to the second quarter of 2017 was 11.2% in the Euro Markets and Other Europe, 8.5% in Asia Pacific and 2.5% in Latin America, while North America decreased 0.9%, the United Kingdom decreased 2.2% and the Middle East and Africa decreased 8.0%. Operating profit in the second quarter of 2018 increased $10.8 million, or 1.9%, to $582.3 million from $571.5 million in the second quarter of 2017. Our operating margin for the second quarter of 2018 of 15.1% was unchanged when compared to the second quarter of 2017. The impact from adopting ASC 606 reduced operating profit by $7.5 million during the second quarter of 2018. For the second quarter of 2018, our income tax rate was 25.8% compared to 32.0% for the same period in 2017. The year over year difference in our effective tax rate primarily resulted from the enactment of the Tax Cuts and Jobs Act (the “2017 Tax Act”), which reduced the U.S. Federal statutory tax rate from 35% to 21%. In addition, the decrease in the effective tax rate reflects a reduction in the expected incremental U.S. tax applied against Omnicom’s overall foreign earnings of $12 million. Full Year Net income – Omnicom Group Inc. for the six months ended June 30, 2018 increased $57.9 million, or 10.2%, to $628.3 million from $570.4 million in the same period in 2017. Diluted net income per common share for the six months ended June 30, 2018 increased thirty-one cents, or 12.8%, to $2.73 per share compared to $2.42 per share for the six months ended June 30, 2017. Worldwide revenue for the six months ended June 30, 2018 increased 1.5% to $7,489.2 million from $7,377.6 million in the same period of 2017. The components of the change in revenue included an increase in revenue from the positive foreign exchange rate impact of 3.1%, a decrease in acquisition revenue, net of disposition revenue of 2.6% and an increase in revenue from organic growth of 2.2% when compared to the same period of 2017. The effect on revenue for the six months ended June 30, 2018 from adopting ASC 606 when compared to the same period of 2017 was a decrease in revenue of 1.2%. Organic growth for the six months ended June 30, 2018 compared to the same period in 2017 in our fundamental disciplines was as follows: Advertising increased 1.6%, CRM Consumer Experience increased 7.0%, CRM Execution & Support decreased 1.7%, Public Relations increased 1.8% and Healthcare increased 3.8%. Across our regional markets, organic growth for the six months ended June 30, 2018 as compared to the same period of 2017 was 0.3% in the United Kingdom, 10.5% in the Euro Markets and Other Europe, 7.9% in Asia Pacific and 2.8% in Latin America, while North America decreased 0.5% and the Middle East and Africa decreased 8.3%. Operating profit for the six months ended June 30, 2018 increased $16.7 million, or 1.7%, to $1,003.9 million compared to $987.2 million for the same period in 2017. Our operating margin for the six months ended June 30, 2018 of 13.4% was unchanged when compared to the same period in 2017. The impact from adopting ASC 606 reduced operating profit by $14.0 million for the six months ended June 30, 2018. For the six months ended June 30, 2018, our income tax rate was 25.2% compared to 30.8% for the same period in 2017. The year over year difference in our effective tax rate primarily resulted from the enactment of the 2017 Tax Act, as described above. In addition, income tax expense for the six months ended June 30, 2018 was reduced by approximately $25 million, resulting from the successful resolution of foreign tax claims during the first quarter of 2018 and a reduction in the expected incremental U.S. tax applied against Omnicom’s overall foreign earnings during the second quarter of 2018. 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 they 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 to EBITA for the periods presented. For the second quarter of 2018, EBITA increased $9.3 million, or 1.6%, to $609.3 million from $600.0 million in the second quarter of 2017. Our EBITA margin of 15.8% was unchanged when compared to the second quarter of 2017. For the six months ended June 30, 2018, EBITA increased 1.2%, or $12.3 million, to $1,058.4 million from $1,046.1 million for the same period in 2017. Our EBITA margin for the six months ended June 30, 2018 decreased to 14.1% versus 14.2% for the same period in 2017. 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, excluding the impact of the adoption of ASC 606. 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. Contacts Investor Relations: Media: Shub Mukherjee, 212-415-3011 Joanne Trout, 212-415-3669 [email protected] [email protected] Omnicom Group Inc. Consolidated Statements of Income Three Months Ended June 30 (Unaudited) (Dollars in Millions, Except Per Share Data) 2018 (a) 2017 Revenue $ 3,859.6 $ 3,790.1 Operating Expenses: Salary and service costs 2,772.9 2,731.7 Occupancy and other costs 319.6 305.7 Costs of services 3,092.5 3,037.4 Selling, general and administrative expenses 117.4 110.1 Depreciation and amortization 67.4 71.1 3,277.3 3,218.6 Operating Profit 582.3 571.5 Interest Expense 66.4 62.8 Interest Income 13.9 11.5 Income Before Income Taxes 529.8 520.2 Income Tax Expense 136.7 166.7 Income From Equity Method Investments 1.7 1.6 Net Income 394.8 355.1 Net Income Attributed To Noncontrolling Interests 30.6 26.5 Net Income – Omnicom Group Inc. 364.2 328.6 Net income allocated to participating securities (0.1 ) (0.5 ) Net income available for common shares $ 364.1 $ 328.1 Net income per common share – Omnicom Group Inc. Basic $ 1.61 $ 1.41 Diluted $ 1.60 $ 1.40 Weighted average shares (in millions) Basic 226.8 232.1 Diluted 228.1 234.0 Dividends declared per common share $ 0.60 $ 0.55 (a) On January 1, 2018 we adopted FASB ASC Topic 606 “Revenue from Contracts with Customers” (“ASC 606”). ASC 606 was applied using the modified retrospective method, where the cumulative effect of initial application is recognized as an adjustment to opening retained earnings at January 1, 2018. Therefore, comparative prior periods have not been adjusted and continue to be reported under ASC 605 “Revenue Recognition” (“ASC 605”). The adoption of ASC 606 did not materially impact our financial position. For the three months ended June 30, 2018, the adoption of ASC 606 reduced revenue by $49.0 million and operating profit by $7.5 million. The adoption of ASC 606 did not have a material impact on Net Income – Omnicom Group Inc. or Diluted net income per common share – Omnicom Group Inc. for the three months ended June 30, 2018. As required, a comparison of the current presentation under ASC 606 to the prior presentation under ASC 605 is provided below. Omnicom Group Inc. Impact of the Adoption of ASC 606 Three Months Ended June 30 (Unaudited) (Dollars in Millions) 2018 Reported under ASC 606 2018 Adjustments 2018 Excluding Impact of Adoption of ASC 606 Revenue $ 3,859.6 $ 49.0 $ 3,908.6 Operating Expenses 3,277.3 41.5 3,318.8 Operating Profit $ 582.3 $ 7.5 $ 589.8 The above table presents the U.S. GAAP financial measures of Revenue, Operating Expenses and Operating Profit as reported, as well as the impact of the adoption of ASC 606 on these measures for the period presented. The impact of the adoption of ASC 606 on net income – Omnicom Group Inc. and diluted net income per share – Omnicom Group Inc. was not material. Omnicom Group Inc. Consolidated Statements of Income Six Months Ended June 30 (Unaudited) (Dollars in Millions, Except Per Share Data) 2018 (a) 2017 Revenue $ 7,489.2 $ 7,377.6 Operating Expenses: Salary and service costs 5,485.7 5,420.2 Occupancy and other costs 639.9 607.6 Costs of services 6,125.6 6,027.8 Selling, general and administrative expenses 222.9 218.8 Depreciation and amortization 136.8 143.8 6,485.3 6,390.4 Operating Profit 1,003.9 987.2 Interest Expense 128.6 121.9 Interest Income 29.3 25.3 Income Before Income Taxes 904.6 890.6 Income Tax Expense 227.7 274.7 Income From Equity Method Investments 2.6 1.6 Net Income 679.5 617.5 Net Income Attributed To Noncontrolling Interests 51.2 47.1 Net Income – Omnicom Group Inc. 628.3 570.4 Net income allocated to participating securities (0.1 ) (1.0 ) Net income available for common shares $ 628.2 $ 569.4 Net income per common share – Omnicom Group Inc. Basic $ 2.75 $ 2.44 Diluted $ 2.73 $ 2.42 Weighted average shares (in millions) Basic 228.5 233.3 Diluted 229.8 235.2 Dividends declared per common share $ 1.20 $ 1.10 (a) On January 1, 2018 we adopted FASB ASC Topic 606 “Revenue from Contracts with Customers” (“ASC 606”). ASC 606 was applied using the modified retrospective method, where the cumulative effect of initial application is recognized as an adjustment to opening retained earnings at January 1, 2018. Therefore, comparative prior periods have not been adjusted and continue to be reported under ASC 605 “Revenue Recognition” (“ASC 605”). The adoption of ASC 606 did not materially impact our financial position. For the six months ended June 30, 2018, the adoption of ASC 606 reduced revenue by $91.4 million and operating profit by $14.0 million. The adoption of ASC 606 did not have a material impact on Net Income – Omnicom Group Inc. or Diluted net income per common share – Omnicom Group Inc. for the six months ended June 30, 2018. As required, a comparison of the current presentation under ASC 606 to the prior presentation under ASC 605 is provided below. Omnicom Group Inc. Impact of the Adoption of ASC 606 Six Months Ended June 30 (Unaudited) (Dollars in Millions) 2018 Reported under ASC 606 2018 Adjustments 2018 Excluding Impact of Adoption of ASC 606 Revenue $ 7,489.2 $ 91.4 $ 7,580.6 Operating Expenses 6,485.3 77.4 6,562.7 Operating Profit $ 1,003.9 $ 14.0 $ 1,017.9 The above table presents the U.S. GAAP financial measures of Revenue, Operating Expenses and Operating Profit as reported, as well as the impact of the adoption of ASC 606 on these measures for the period presented. The impact of the adoption of ASC 606 on net income – Omnicom Group Inc. and diluted net income per share – Omnicom Group Inc. was not material. Omnicom Group Inc. Reconciliation of Non-GAAP Financial Measures Three Months Ended June 30 (Unaudited) (Dollars in Millions) 2018 2017 Net Income – Omnicom Group Inc. $ 364.2 $ 328.6 Net Income Attributed To Noncontrolling Interests 30.6 26.5 Net Income 394.8 355.1 Income From Equity Method Investments 1.7 1.6 Income Tax Expense 136.7 166.7 Income Before Income Taxes 529.8 520.2 Interest Income 13.9 11.5 Interest Expense 66.4 62.8 Operating Profit 582.3 571.5 Add back: Amortization of intangible assets 27.0 28.5 Earnings before interest, taxes and amortization of intangible assets (“EBITA”) $ 609.3 $ 600.0 Revenue $ 3,859.6 $ 3,790.1 EBITA $ 609.3 $ 600.0 EBITA Margin – % 15.8 % 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 they 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 Six Months Ended June 30 (Unaudited) (Dollars in Millions) 2018 2017 Net Income – Omnicom Group Inc. $ 628.3 $ 570.4 Net Income Attributed To Noncontrolling Interests 51.2 47.1 Net Income 679.5 617.5 Income From Equity Method Investments 2.6 1.6 Income Tax Expense 227.7 274.7 Income Before Income Taxes 904.6 890.6 Interest Income 29.3 25.3 Interest Expense 128.6 121.9 Operating Profit 1,003.9 987.2 Add back: Amortization of intangible assets 54.5 58.9 Earnings before interest, taxes and amortization of intangible assets (“EBITA”) $ 1,058.4 $ 1,046.1 Revenue $ 7,489.2 $ 7,377.6 EBITA $ 1,058.4 $ 1,046.1 EBITA Margin – % 14.1 % 14.2 % 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 they 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 TAKES DATA-DRIVEN MARKETING TO THE NEXT LEVEL WITH LAUNCH OF “OMNI” Posted on July 12, 2018January 12, 2021 by Revanth Ravish Omni Drives People-Based Precision Marketing at Scale Across Creative, Media and CRM NEW YORK, July 12, 2018 — Leading global marketing and corporate communications company Omnicom Group, Inc. (NYSE: OMC), today announced the roll-out of Omni, its people-based precision marketing and insights platform, designed to identify and define personalized consumer experiences at scale across creative, media, CRM as well as other Omnicom practice areas. Omni delivers a first-of-its kind, single view of the consumer that can be dynamically tracked and shared across all marketing practices. Omni transforms the way Omnicom teams work, collaborate and deliver value, from insights generation to audience building, channel planning, creative development and message distribution. All of the activities are continuously measured and optimized with attribution tied to client performance at every step of the consumer journey. At the core of Omni is the industry’s most robust people-based identity graph – a database of connected consumers built from all significant identity authorities includingNeustar, LiveRamp and Experian among several others. The identity graph links second-by-second consumer behaviors to reveal how people connect, engage and transact with brands; joining data sets using a methodology that respects regional regulatory and privacy practices. Consumer behaviors are mapped to an equally comprehensive media inventory graph that delivers a precise view of the quality, value and availability of inventory in the marketplace. This connected plan is activated through a work flow and content engine that enables Omnicom agency teams to efficiently deliver personalized messaging at scale. “When we launched Annalect seven years ago, we dedicated ourselves to transforming the effects of data and analytics on media. With Omni, we’re extending everything we’ve learned to transform the entire marketing process,” said Omnicom Media Group CEO Daryl Simm. “Omni connects our talent around a single view of the consumer and inspires them to create the best integrated ideas that drive performance and success for our clients.” Omnicom Digital CEO Jonathan Nelson added, “Until now, the idea of mass personalization was more of an aspiration than a reality. Omni changes that. This is precision marketing at scale and in action. And the new platform can be leveraged by all Omnicom clients across multiple disciplines.” Developed and hosted by Annalect, in partnership with OPMG (Omnicom Precision Marketing Group), Omni continues the group’s strategy of neutrality with no ownership interest in data or tech partners. This ensures the agility and flexibility to continuously source the right vendors and application partners in an ever-changing data and technology ecosystem. Additionally, Omni is designed to integrate with marketing cloud providers, allowing clients to get the most from their first-party data and mar-tech investments. The broad roll-out of Omni comes after several months of implementing the platform on select creative, media and CRM business engagements, as well as other Omnicom Practice Areas. Deployment of Omni will continue across Omnicom’s leading agencies in the coming months. ### 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. Press Contacts Joanne Trout, 212-415-3669, [email protected]
Omnicom Group Announces Divestiture of Sellbytel Group Posted on July 10, 2018December 11, 2020 by Revanth Ravish NEW YORK, July 10, 2018 /PRNewswire/ — Omnicom Group (NYSE: OMC) has recently entered into a definitive agreement to divest Sellbytel Group to Webhelp Group, a global business process outsourcer (BPO). The transaction is subject to regulatory approval and is expected to close in the third quarter of 2018. The sale is the result of Omnicom’s continuing evaluation of its portfolio of businesses and is consistent with its strategic plan and investment priorities. Sellbytel is a provider of outsourced sales, service and support with operations in Spain, Germany, Portugal, Puerto Rico and Malaysia. It has been part of Omnicom since 1994. Commenting on the disposition, John Wren, Omnicom’s Chairman & CEO said, “I want to thank the management and people of Sellbytel for their years of commitment to Omnicom and wish them continued success within their new organization.” 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. View original content:https://www.prnewswire.com/news-releases/omnicom-group-announces-divestiture-of-sellbytel-group-300678801.html
Omnicom Wins Holding Company of the Year at the 2018 Cannes Lions International Festival of Creativity Posted on June 22, 2018December 11, 2020 by Revanth Ravish BBDO Wins Network of the Year followed by DDB and TBWA in the Top Five adam&eveDDB Named Agency of the Year, AMV BBDO (#2) and BBDO New York (#3) Omnicom wins more Grand Prix Awards than any other Holding Company NEW YORK, June 22, 2018 – At the 65th 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. Omnicom was named Holding Company of the Year based on the work entered in 26 categories, reflecting the depth and breadth of creative communications in the industry. Overall, 137 agencies from approximately 34 countries won nearly 300 Lions across more than 25 communications disciplines. All three Omnicom creative networks (BBDO, DDB and TBWA) made it into the top five, with BBDO claiming the title of Network of the Year for a record-setting seventh time, winning 99 Lions across 21 offices including four Grand Prix and a Titanium Lion. DDB rounded out the top three agency networks winning 107 Lions across 21 offices while 21 TBWA offices contributed to the network securing fourth place with 70 Lions including two Grand Prix. In total, Omnicom agencies received 10 Grand Prix and two Titanium Lions after a strong performance across a broad spectrum of client categories and regions around the globe. And three Omnicom agencies were ranked 1, 2 and 3 as Agency of the Year (adam&eveDDB #1, AMV BBDO #2, BBDO New York #3): Pharma: “Blink to Speak” by TBWA\India for NeuroGen Brain & Spine Institute and the Asha Ek Hope Foundation Glass: “BloodNormal” by AMV BBDO and Ketchum for Essity Titanium: “It’s a Tide Ad Campaign” by Hearts & Science and Marina Maher Communications for Tide Titanium: “BloodNormal” by AMV BBDO and Ketchum for Essity Design: “Trash Isles” by AMV BBDO for Plastic Oceans/LADbible Print & Publishing: “Tag Words” by Africa for AB InBev Entertainment for Music: “Welcome Home” by TBWA\Media Arts Lab and OMD Los Angeles for Apple Industry Craft: “Kiwi Shoe Care” by PHD Chicago for SC Johnson Film: “The Talk” by BBDO New York and Hearts & Science for P&G Film: “It’s Another Tide Ad” by Hearts & Science and Marina Maher Communications for P&G Public Relations: “Trash Isles” by AMV BBDO for Plastic Oceans/LADbible Outdoor: “Next Exit” by OMD Canada for McDonald’s “We are thrilled with the results at this year’s Cannes Lions Festival which is a testament to having the best creative talent in our industry,” commented John Wren, Chairman and CEO of Omnicom Group. “Cannes Lions are among the most prestigious awards in our industry, and the fact that Omnicom agencies took home the top honors across a range of categories, spanning traditional advertising, digital, mobile, media and PR, speaks to the breadth and depth of Omnicom’s offering. We are so proud of the quality of work our agencies are doing across disciplines and geographies for their 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. Press Contacts Joanne Trout, 212-415-3669, [email protected]
Omnicom’s Agencies Focus on Creativity, Innovation and Talent at Cannes Lions 2018 Posted on June 13, 2018December 11, 2020 by Revanth Ravish NEW YORK, June 12, 2018— At the 64th annual Cannes Lions International Festival of Creativity, Omnicom (NYSE: OMC) and its agencies are designing content-rich experiences for attendees with a significant presence on and off the stage. This year, festival-goers can expect to hear from some of the brightest minds in communications on a range of important industry topics including data-driven creativity for smarter storytelling, diversity and talent development, and the future paradigm of the marketing business. Omnicom will make a rare appearance on the mainstage with Chief Diversity Officer, Tiffany R. Warren, who will be joined by HP’s CMO Antonio Lucio, to discuss the power diversity has in delivering transformational business results, enhancing creative output and speaking to customers with relevance. Tiffany will be participating in a number of sessions focused on equality and inclusion such as: Yes We Cannes! Supporting Female Leaders in Media and Advertising at The Girls Lounge. She is also an ambassador of HP’s #MoreLikeMe program. Ketchum is the title sponsor of the Young Marketers Competition for the 8th straight year. Below are some of the highlights: Omnicom Tiffany R. Warren, SVP, Chief Diversity Officer of Omnicom Group, joins HP on the mainstage to present: Diversity – a Values Issue and Business Imperative – Requires Bold Action BBDO Andrew Robertson, President & CEO of BBDO Worldwide, presents: Sex, Drugs, Rock n’ Roll and Advertising Nick Garrett, CEO of Clemenger BBDO, together with Google, will address the question: What Does the Agency of the Future Look Like? DDB Ari Weiss, Chief Creative Officer of DDB North America, takes the stage with Mars Incorporated to present: How Skittles’ “Most Exclusive Ad” Subverted the Super Bowl Alexander Kalchev, Executive Creative Director of DDB Paris, joins a lineup of speakers for Chief Creatives on the Beach DAS Jeff Goodby, Co-Founder and Co-Chairman of GS&P, will go one on one with Fire & Fury author Michael Wolff to discuss The New Normal Karen Strauss, Chief Global Strategy & Creative Officer of Ketchum, and Andrés Ordóñez, Chief Creative Officer of Energy BBDO team up to present: Can Creative Marketing Help Solve the Opioid Crisis? Ciro Sarmiento, Chief Creative Officer of Dieste, will be joined by top Latin creatives for the session: One Argentinian, One Brazilian and One Colombian Walk into a Bar Omnicom Media Group Scott Hagedorn, CEO of Hearts & Science, will shed light on Consumers in the Age of Attention Armageddon Mike Cooper, CEO of PHD Worldwide, will be featured in Creativity on the Couch: What Psychoanalysis Can Tell Us TBWA Renato Fernandez, Chief Creative Officer of TBWA\Chiat\Day LA, joins a panel discussion around original entertainment during Giving Filmmakers the Final Cut: What’s in It for Brands? Al Moseley, Global President and Chief Creative Officer of 180LA, will take part in the CMO Accelerator program The complete schedule of event programming by day can be found at OmnicomEvents.com. Press Contacts Joanne Trout, 212-415-3669, [email protected] Regina Chung Loy, 212-415-3452, [email protected]