BBDO is the Most Effective Agency Network in the World Posted on May 26, 2017December 11, 2020 by Revanth Ravish BBDO IS THE MOST EFFECTIVE AGENCY NETWORK IN THE WORLD Tops 2017 Global Effie Effectiveness Index for Fourth Time in Seven-Year History of Index – More Than Any Other Agency Network Sancho BBDO in Colombia is the #1 Most Effective Individual Agency for a Record Fourth Time NEW YORK, MAY 26, 2017 – Effie Worldwide has named BBDO the most effective advertising agency network in the world based on the results of its 2017 Global Effie Effectiveness Index. It’s the fourth time in the seven-year history of the Index that BBDO has topped this ranking – more than any other network. The 2017 Index was based on results in more than 40 national, regional and global Effie Awards competitions, compiled from 3,601 finalists and winning entries between January 1, 2016 and December 31, 2016. Sancho BBDO in Colombia was ranked the world’s most effective individual agency – also for a record-setting fourth time. Three of the world’s six most effective individual agencies are part of BBDO Worldwide: Colenso BBDO in New Zealand at #5 and BBDO Argentina at #6. Neal Davies, President and CEO of Effie Worldwide, said, “Effie continues to reward ideas that work across the globe. The top ranked companies demonstrate a strategic commitment to marketing effectiveness.” Added Andrew Robertson, President and CEO, BBDO Worldwide, “Our mantra is ‘The Work The Work The Work.’ The best work works best. This recognition emphatically underscores this position.” This year, BBDO has also been named the most creative agency network in the world in The Gunn Report (for the 11th year in a row), the most strategic network in the world by WARC (for the fourth year in a row) and, last week, Network of the Year at the prestigious D&AD Awards. In addition to ranking the top agency networks and offices, the Global Effie Effectiveness Index also reveals the most effective marketers, brands and holding companies. For more information, go to https://effie.org/index ABOUT BBDO BBDO’s mantra is “The Work. The Work. The Work.” Every day, BBDO people in 289 offices in 81 countries work day by day, job by job and client by client to create and deliver the world’s most compelling commercial content. BBDO is part of Omnicom Group Inc. (NYSE-OMC) (www.omnicomgroup.com), a leading global marketing and corporate communications company. ABOUT EFFIE WORLDWIDE Effie Worldwide is a 501 (c)(3) nonprofit organization that stands for effectiveness in marketing communications, spotlighting marketing ideas that work and encouraging thoughtful dialogue about the drivers of marketing effectiveness. The Effie network works with some of the top research and media organizations worldwide to bring its audience relevant and first-class insights into effective marketing strategy. The Effie Awards are known by advertisers and agencies globally as the pre-eminent award in the industry, and recognize any and all forms of marketing communication that contribute to a brand’s success. Since 1968, winning an Effie has become a global symbol of achievement. Today, Effie celebrates effectiveness worldwide with the Global Effie, Positive Change Effie, regional Asia Pacific, Euro, Latin American, North American and Middle East / North Africa Effie programs and more than 40 national Effie programs. The Effie Effectiveness Index identifies and ranks the marketing communications industry’s most effective agencies, marketers, and brands by analyzing finalist and winner data from Effie Worldwide competitions. For more details, visit www.effie.org.
TBWA Worldwide Elevates Chris Garbutt to Global Chief Creative Officer Posted on May 25, 2017December 11, 2020 by Revanth Ravish TBWA Worldwide Elevates Chris Garbutt to Global Chief Creative Officer New York – May 25, 2017 – TBWA Worldwide today announced the promotion of Chris Garbutt to the role of Global Chief Creative Officer. In his new role, Garbutt will spearhead creative direction and development for the TBWA collective at large, overseeing the creative product across TBWA’s roster of global clients that includes adidas, Accenture, Apple, McDonald’s, Michelin and Nissan, among others. Commenting on the promotion, Troy Ruhanen, president and CEO of TBWA Worldwide, said “To be a great creative leader, you need to have a vision for the type of culture you want to create, you need to inspire belief every day, and you must be forever restless. On all fronts, Chris has delivered. The energy and momentum he has created inside of the company is tremendous. The talent he has attracted and developed is best-in-class. And his relentless drive to make great work for our clients is infectious. I’m thrilled to see him take on this new role.” In his prior role as Global Creative President, Garbutt, 45, implemented a creative vision built upon and executed against the kind of disruptive strategies that are hallmarks of TBWA, while demanding a much higher level of craft. He’s built a strong global creative collective of connected but distinct agencies, and has been instrumental in attracting new clients and talent to the company. He has also introduced internal programs that encourage unconventional creative thinking and collaboration on the agency’s top brands. Evidence of the success of his efforts abounds, with the New York agency more than doubling its revenue since he joined. Industry recognition has followed, with TBWA ranked as a top-3 network at the 2017 D&AD awards, a top-5 network at the 2017 One Show, and more than doubling its award tally at both shows year-over-year across a diverse array of brands and geographies. “I’ve known Chris since the earliest days of his career, and I am enormously proud to pass the torch to him,” said John Hunt, founder of TBWA\Hunt\Lascaris. “He is a world-class talent and an incredible creative leader. His passion for the work, dedication to clients, tenacity and humility are second to none. He is also one of a rare breed who recognizes and demands work that is iconic.” With Garbutt’s promotion, Hunt becomes Creative Chairman of TBWA Worldwide, formally passing TBWA’s creative leadership to Garbutt. Hunt will continue working with the collective as Creative Chairman from South Africa, aiding Garbutt where the greatest needs exist across the TBWA collective. “John has been an incredible creative leader for TBWA,” continued Ruhanen. “He has brought Disruption to life for more than a decade and proven that the best work can come from anywhere. We are so pleased he will continue on with us as Creative Chairman.” Garbutt returned to TBWA in 2015 from Ogilvy & Mather East in New York, where he served as Chief Creative Officer. As CCO, his oversight and leadership spanned all agency disciplines, and he is credited with award-winning campaigns for Coca-Cola, IBM and Tiffany & Co. Previously, Garbutt was Chief Creative Officer of the network’s Paris office, where he propelled the agency to new creative heights producing global campaigns for Dove, Google, Perrier, Louis Vuitton’s ‘Journeys’ campaign and IBM’s ‘Smarter Cities.’ In 2014, Garbutt was ranked #1 CCO in the world by Directory’s Big Won. Advertising Age also named him one of the most awarded Chief Creative Officers in the world that same year. He has won over 100 Cannes Lions in his career, including three Grand Prix awards, as well as top honors in The One Show, D&AD, Webbys, Clios and Art Directors Club awards. He previously served as Executive Creative Director at TBWA\Paris, where he produced some of the agency’s most celebrated work for Nissan, Absolut, PlayStation, Canderel and Pedigree. A native of Cape Town, South Africa, Garbutt began his career in Johannesburg as a Creative Director at TBWA\Hunt\Lascaris, where he spent four years working under the tutelage of Hunt. “I’m humbled and honored to take on this role at a company I love,” said Garbutt. “The last year and a half have been about building our talent within TBWA, and creating a process that brings together our best people around the world to make the best work for our clients. That’s what allows us to make our brands part of culture, which is where we thrive and make iconic work.” About TBWA Worldwide TBWA\Worldwide (www.tbwa.com) is a top-ten ranked global advertising collective that holds Disruption® at its core to develop business-changing ideas for brands. TBWA has 11,300 employees across 305 offices in 98 countries and also includes brands such as Auditoire, Digital Arts Network (DAN), eg+ worldwide, The Integer Group®, TBWA\Media Arts Lab and TBWA\WorldHealth. TBWA’s global clients include adidas, Apple, Gatorade, Henkel, McDonald’s, Michelin, Nissan, Pernod Ricard, Standard Chartered Bank, Singapore Airlines, Sotheby’s and Vichy. Follow TBWA on Twitter and 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. Contacts Anaka Kobzev Global Head of PR, TBWA Worldwide +1-212-804-1196 [email protected] Jenna Hollmeyer US Communications Director, TBWA Worldwide +1-212-804-1058 [email protected]
Omnicom Group Reports First Quarter 2017 Results Posted on April 18, 2017December 11, 2020 by Revanth Ravish NEW YORK, April 18, 2017 – Omnicom Group Inc. (NYSE: OMC) today announced that its diluted net income per common share for the first quarter of 2017 increased twelve cents, or 13.3%, to $1.02 per share versus $0.90 per share for the first quarter of 2016. Omnicom’s worldwide revenue in the first quarter of 2017 increased 2.5% to $3,587.4 million from $3,499.1 million in the first quarter of 2016. The components of the change in revenue included a decrease in revenue from the negative foreign exchange rate impact of 1.2%, a decrease in acquisition revenue, net of disposition revenue of 0.7% and an increase in revenue from organic growth of 4.4% when compared to the first quarter of 2016. Across our regional markets, organic growth in the first quarter of 2017 as compared to the first quarter of 2016 was 1.1% in North America, 8.1% in the United Kingdom, 8.2% in the Euro Markets and Other Europe, 9.1% in Asia Pacific, 5.4% in Latin America and 37.9% in the Middle East and Africa. Organic growth in the first quarter of 2017 as compared to the first quarter of 2016 in our four fundamental disciplines was as follows: advertising increased 6.4%, CRM increased 2.1%, public relations increased 1.8% and specialty communications increased 3.3%. Operating profit in the first quarter of 2017 increased $17.8 million, or 4.5%, to $409.9 million from $392.1 million in the first quarter of 2016. Our operating margin for the first quarter of 2017 increased to 11.4% versus 11.2% for the first quarter of 2016. For the first quarter of 2017, our income tax rate was 29.2% compared to 32.8% for the same period in 2016. The year over year difference resulted from the adoption of FASB Accounting Standards Update 2016-09, Compensation – Stock Compensation: Improvements to Employee Share-Based Payment Accounting (“ASU 2016-09”) on January 1, 2017. Income tax expense for the first quarter of 2017 included a benefit of $12.4 million arising from a cash tax deduction on restricted stock awards that vested and stock option awards that were exercised in the first three months of 2017 in excess of the book tax deduction on the amortization of these awards over the vesting period. In prior periods only the book tax deduction was reflected in income tax expense. ASU 2016-09 is required to be adopted prospectively, and prior periods have not been restated. Net income – Omnicom Group Inc. for the first quarter of 2017 increased $23.4 million, or 10.7%, to $241.8 million from $218.4 million in the first quarter of 2016, including the effects of the adoption of ASU 2016-09. Excluding the $12.4 million benefit from the adoption of ASU 2016-09, Net income – Omnicom Group Inc. would have been $229.4 million and diluted net income per common share for the first quarter of 2017 would have increased seven cents, or 7.8%, to $0.97 per share versus $0.90 per share for the first quarter of 2016. 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 intangibles) 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 arising from acquisitions). Accordingly, we believe they are useful measures for investors to evaluate the performance of our businesses. The financial table at the end of this document reconciles the GAAP financial measure of net income to EBITA for the periods presented. For the first quarter of 2017, EBITA increased $19.9 million, or 4.7%, to $440.3 million from $420.4 million in the first quarter of 2016. Our EBITA margin increased to 12.3% for the first quarter of 2017 versus 12.0% in the first quarter of 2016. 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. Omnicom Group Inc. (NYSE: OMC) (www.omnicomgroup.com) is a leading global marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries. Follow us on Twitter for the latest news. For a live webcast or a replay of our first quarter earnings conference call, go to https://investor.omnicomgroup.com/investor-relations/news-events-and-filings. Omnicom Group Inc. Consolidated Statements of Income Three Months Ended March 31 (Unaudited) (Dollars in Millions, Except Per Share Data) 2017 2016 Revenue $ 3,587.4 $ 3,499.1 Operating Expenses: Salary and service costs 2,694.2 2,623.3 Occupancy and other costs 302.0 301.4 Costs of services 2,996.2 2,924.7 Selling, general and administrative expenses 108.6 108.1 Depreciation and amortization 72.7 74.2 3,177.5 3,107.0 Operating Profit 409.9 392.1 Interest Expense 53.5 50.3 Interest Income 13.9 10.2 Income Before Income Taxes 370.3 352.0 Income Tax Expense (a) 108.0 115.5 Income From Equity Method Investments 0.1 (0.2 ) Net Income 262.4 236.3 Net Income Attributed To Noncontrolling Interests 20.6 17.9 Net Income – Omnicom Group Inc. 241.8 218.4 Less: Net income allocated to participating securities 0.5 1.5 Net income available for common shares $ 241.3 $ 216.9 Net income per common share – Omnicom Group Inc. Basic $ 1.03 $ 0.90 Diluted $ 1.02 $ 0.90 Weighted average shares (in millions) Basic 234.6 240.0 Diluted 236.5 241.1 Dividend declared per common share $ 0.55 $ 0.50 (a) On January 1, 2017, we adopted FASB ASU 2016-09, “Improvements to Employee Share-Based Payment Accounting” (ASU 2016-09), which requires all additional tax benefits or deficiencies related to share-based compensation to be recognized in the results of operations on the restricted stock vesting date or on the exercise date for stock options. ASU 2016-09 is required to be adopted on a prospective basis and retroactive restatement is not permitted. As a result, income tax expense for the three months ended March 31, 2017 reflects a reduction of $12.4 million arising from a larger cash tax deduction as compared to the book tax deduction resulting from the vesting of restricted stock and stock options that were exercised in the first three months of 2017. The larger tax deduction is primarily due to the increase in the intrinsic value of these awards that resulted from an increase in the price of our common stock since the grant date of the awards. Omnicom Group Inc. Reconciliation of Non-GAAP Financial Measures Three Months Ended March 31 (Unaudited) (Dollars in Millions) 2017 2016 Net Income – Omnicom Group Inc. $ 241.8 $ 218.4 Net Income Attributed To Noncontrolling Interests 20.6 17.9 Net Income 262.4 236.3 Income From Equity Method Investments 0.1 (0.2 ) Income Tax Expense 108.0 115.5 Income Before Income Taxes 370.3 352.0 Interest Income 13.9 10.2 Interest Expense 53.5 50.3 Operating Profit 409.9 392.1 Add back: Amortization of intangible assets 30.4 28.3 Earnings before interest, taxes and amortization of intangible assets (“EBITA”) $ 440.3 $ 420.4 Revenue $ 3,587.4 $ 3,499.1 EBITA $ 440.3 $ 420.4 EBITA Margin – % 12.3 % 12.0 % The above table reconciles the U.S. GAAP financial measure of Net Income – Omnicom Group Inc. to EBITA (defined as earnings before interest, taxes and amortization of intangibles) and EBITA Margin (defined as EBITA divided by revenue) for the periods presented. We use EBITA and EBITA margin as additional operating performance measures, which exclude the non-cash amortization expense of intangible assets (primarily consisting of amortization arising from acquisitions). Accordingly, we believe they are useful measures for investors to evaluate the performance of our businesses. 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 Schedules First Quarter 2017 Earnings Release and Conference Call Posted on April 11, 2017December 11, 2020 by Revanth Ravish NEW YORK, April 11, 2017 /PRNewswire/ — Omnicom Group (NYSE: OMC) will publish its first quarter 2017 results on Tuesday, April 18, 2017. The company will host a conference call to review first quarter results on Tuesday, April 18, 2017 at 8:30 AM (EDT). The dial-in numbers for the conference call are (800) 230-1074 (domestic) and (612) 332-0335 (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. Investor Relations: Shub Mukherjee, (212) 415-3011, [email protected], Media: Joanne Trout, (212) 415-3669, [email protected]
BBDO Tops WARC 100 Rankings as Most Effective Agency Network in the World for Fourth Year in a Row Posted on April 4, 2017December 11, 2020 by Revanth Ravish BBDO TOPS WARC 100 RANKINGS AS MOST EFFECTIVE AGENCY NETWORK IN THE WORLD FOR FOURTH YEAR IN A ROW NEW YORK, APRIL 4, 2017 – For the fourth year in a row, BBDO has been ranked the most effective agency network in the world in the WARC 100. The annual WARC 100 tracks the rankings of campaigns based on their performance in more than 80 effectiveness and strategy competitions over the past year. Its intent is to reflect the business impact of a campaign. Seventeen of the top 100 most effective campaigns of the year were created by 11 BBDO agencies for 16 brands, with BBDO India’s “#ShareTheLoad” campaign for Ariel topping the list at #1. Other awarded work included campaigns for Bonds, DB Export, the Economist, Guinness, New Zealand Transport Agency, Pedigree, Sainsbury’s and Snickers, to name a few. Four BBDO agencies were ranked among the top-ten individual shops in the world, including AMV BBDO in the UK (#2), BBDO Mumbai in India (#3), Colenso BBDO in New Zealand (#9) and BBDO New York in the USA (#10). Six other BBDO agencies finished among the top 50. In addition, Proximity London was the number one ranked digital specialist. Said Andrew Robertson, President and CEO, BBDO Worldwide, “BBDO is all about ‘The Work. The Work. The Work.’ Great work that works great. The best work results come from smart thinking that drives brilliant creativity. That’s why this ranking matters to us. This year, we had the top-ranked campaign in the world, four of the top-ten individually ranked agencies, and were the number-one network in the world – for the fourth consecutive year – all of which demonstrates the strength and depth of the network.” Winning the WARC 100 completes a global triple crown for BBDO. Earlier this year, BBDO topped The Gunn Report for the 11th year in a row as the world’s most creative agency network. In addition, BBDO was ranked number one in The Directory Big Won as the world’s most awarded agency network across all marketing communication disciplines. David Tiltman, Head of Content at WARC, commented, “The WARC 100 represents the best work in marketing – breakthrough campaigns that have a business impact. To have topped these rankings four years in a row is a significant achievement. In a fast-changing industry, BBDO is consistently delivering results for its clients.” Further details regarding the WARC 100 rankings can be found at the WARC 100 website: https://www.warc.com/warc100.100 ABOUT WARC AND THE WARC 100 Warc.com is an online service offering advertising best practices, evidence and insights from the world’s leading brands. WARC helps clients grow their businesses by using proven approaches to maximize advertising effectiveness. The WARC 100 is a ranking of advertising and marketing campaigns that have worked. WARC tracks advertising competitions around the world – all of which require entrants to show the business impact of a campaign, rather than solely recognizing the campaign’s creativity. This year, WARC tracked more than 2,000 winners in more than 80 different effectiveness and strategy competitions to compile the rankings. Founded in 1985, WARC is privately owned and has offices in the UK, U.S. and Singapore. 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 11 years in a row, BBDO has been the most creative agency network in the world in The Gunn Report. In addition, BBDO has been ranked the most awarded agency network across all marketing communications in The Directory Big Won for 12 of the 13 years that this report has been published. BBDO has also been named Network of the Year at Cannes five times and has been chosen Agency of the Year multiple times by the leading industry trade publications. BBDO is part of Omnicom Group Inc. (NYSE-OMC) (www.omnicomgroup.com), a leading global marketing and corporate communications company.
Omnicom’s TBWA Worldwide Takes Majority Stake in Lucky Generals Posted on February 22, 2017December 11, 2020 by Revanth Ravish London and New York, February 22, 2017 – TBWA Worldwide, an advertising agency collective and an Omnicom Group (NYSE: OMC) company, today announced the acquisition of a majority stake in leading independent UK creative agency Lucky Generals. Lucky Generals’ founders, Helen Calcraft, Andy Nairn and Danny Brooke-Taylor, will remain in their existing roles at Lucky Generals and will retain a significant minority share in the company. TBWA will form a new TBWA UK Group, which will consist of Lucky Generals and TBWA\London, upon the acquisition of Lucky Generals. Lucky Generals and TBWA\London will continue to operate as two separate brands within the new group. The structure exemplifies TBWA’s unique approach to developing a global advertising collective of connected, yet distinct, agencies. It has parallels with the group’s approach in Germany, where TBWA and HEIMAT successfully operate a similar two-pronged strategy. Troy Ruhanen, President and CEO of TBWA Worldwide said, “Lucky Generals’ vision, a creative company for people on a mission, is completely aligned with our own: a radically open creative collective. They are relentlessly creative and innovative, with a focus on disruptive work, platforms and businesses. What Helen, Andy, Danny and their teams have built in a short period of time is remarkable. I cannot think of a better addition to the family.” Helen Calcraft, founding partner of Lucky Generals, added “We have been fortunate enough to have had conversations with many international groups, but Omnicom and TBWA Worldwide were the only ones to understand our desire for autonomy — perhaps because entrepreneurialism, disruption and creativity are hardwired into their DNA. We already feel like we’ve established a great personal connection with the team. This deal will allow us to preserve our unique culture, build our brand and grow. Most important, with the support of Omnicom and TBWA, we will be able to better deliver on our clients’ needs in the UK and around the globe. We’re delighted to join such an entrepreneurial group and keep doing all the things we love, on a bigger scale, with some new friends.” The acquisition comes as Lucky Generals has experienced a period of substantial growth over the last two years. Founded in 2013, Lucky Generals has been shortlisted for Campaign’s Agency of the Year for the last two years. It was also named Marketing’s “New Thinking Agency of the Year” and The Drum’s “Ballsiest Agency of the Year.” Its clients include Amazon, Paddy Power Betfair, Hostelworld and Unilever. # # # About TBWA Worldwide TBWA is The Disruption® Company: the cultural engine for 21st century business. We use trademarked Disruption®methodologies to create a unique space in culture for our clients’ brands. We are a top 10 global advertising agency collective with 11,300 employees across 305 offices in 98 countries. TBWA brands include Auditoire, Digital Arts Network (DAN), eg+ worldwide, The Integer Group®, TBWA\Media Arts Lab and TBWA\WorldHealth. Global clients include adidas, Airbnb, Apple, Gatorade, Henkel, McDonald’s, Michelin, Nissan, Pernod Ricard, Merck, Standard Chartered Bank, Singapore Airlines and Vichy. 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. Contact Anaka Kobzev Global Head of Communications, TBWA Worldwide w. +1-212-804-1196 / m. +1-917-362-5845 [email protected]
Omnicom Media Group Agencies Top Gunn Report For Media Posted on February 16, 2017December 11, 2020 by Revanth Ravish OMD Worldwide Named Most Creative Media Agency Network for 11th Consecutive Ranking; PHD Jumps to Third, Scores Three Campaign Wins NEW YORK, Feb. 16, 2017 /PRNewswire/ — For the 11th consecutive time, Omnicom Media Group (OMG) agency OMD Worldwide has been named the world’s most creative media agency network by the Gunn Report for Media, maintaining the leadership position the agency has held at the top of the rankings since the report was launched in 2004. Joining the perennially first ranked network in the top five for the third consecutive year is sister OMG agency PHD Worldwide, continuing its upward momentum with a move into third place. The Gunn Report for Media is the industry standard for evaluating media creativity, ranking agencies according to their performance in the top industry awards shows around the world. Most importantly, it recognizes the vital role media agencies play in today’s highly competitive and fragmented communications landscape. The rankings reflect a point system based on awards won in more than 50 annual award competitions worldwide. With a combined 1108 points earned by its OMD (632) and PHD (476) networks, Omnicom Media Group earned the highest total points of any media holding group in the ranking. OMD’s Streak Remains Unbroken OMD’s 11th consecutive top ranking reflects the quality and consistency of work across the network combined with an exceptional Cannes Lions performance. At the 2016 festival, OMD was the most awarded agency network in the media category, earning a total of 11 media lions, including a Gold awarded to OMD Dominican Republic; two Silvers, one each awarded to OMD UK and OMD Dominican Republic; and a total of seven Bronze (two awarded to OMD UAE, two to OMD UK, and one each to OMD Italy, Sweden and US.) Additionally, OMD UK (in partnership with adam&eveDDB) was awarded the IPA Effectiveness Award Grand Prix for its work for John Lewis. “Even as media and marketing continue to evolve at the speed of digital and tech innovation, we can never forget that creativity and innovation must always remain a core part of our DNA and a given for all our 11,000 people working at OMD. This is the foundation that gives credibility to our promise to our clients and always a huge point of differentiation for OMD agencies around the world,” says Mainardo de Nardis, CEO of OMD Worldwide. “We are both proud and gratified to have that promise recognized for the 11th year in a row.” PHD Continues to Climb Returning to the top five for the third consecutive year, PHD jumped into third place this year, fueled by a strong showing at the 2016 Cannes Media Lions where the agency picked up four awards, including a Gold won by PHD New Zealand; a Silver awarded to PHD UK; and a Bronze awarded to both PHD Australia and India. Most notably, PHD agencies also accounted for three of the eight campaigns worldwide named in the Gunn Report as an Outstanding Media Campaign of 2016 (defined as a campaign that won media awards at four or more regional or global festivals.) With PHD New Zealand’s Brewtroleum campaign for DB Exports, PHD UK’s Gift of Reading Campaign for Sainsbury, and PHD Hong Kong’s Price of Living 2040 campaign for Manulife all earning Outstanding Media Campaign honors, PHD agencies delivered approximately 40 percent of the work recognized in this category. Mike Cooper, CEO of PHD WW said, “We continue to punch well above our network weight by being recognized as one of the most awarded networks in the world, in addition to six of our offices being cited as the most awarded globally and three campaigns out of eight being named ‘outstanding media campaigns’. Continuing to move up the ranks of the Gunn Report’s top five media networks is testament to PHD’s commitment to deliver ROI for clients through creativity and innovation”. Commenting on another year as the high scoring media holding group, Omnicom Media Group CEO Daryl Simm said, “There’s no better way to describe our success than this direct quote from the Gunn Report: when creative thinking combines with state-of-the-art data and analytics, the end result is award winning work that delivers results for our clients.” About Omnicom Media Group Omnicom Media Group (OMG) is the media services division of Omnicom Group Inc. (NYSE: OMC), the leading global advertising, marketing and corporate communications company, providing services to over 5,000 clients in more than 100 countries. Omnicom Media Group includes the full service networks OMD, PHD and Hearts &Science; the Annalect global data and analytics platform; the Accuen global programmatic buying platform; global performance marketing agency Resolution Media; as well as a number of specialty media communications companies.
Cone Communications Expands Global Reach and Award-Winning CSR, Consumer Practices by Becoming a Porter Novelli Company Posted on February 9, 2017December 11, 2020 by Revanth Ravish NEW YORK, Feb. 9, 2017 /PRNewswire/ — Cone Communications (Cone), a public relations and marketing agency specializing in corporate social responsibility (CSR) and consumer brand communications, is excited to announce that it will become a Porter Novelli company. This opportunity allows Cone to expand its international reach for its award-winning CSR strategy and thought leadership services by leveraging Porter Novelli’s 90 offices around the globe. It provides Cone with access to a deeper talent of agency resources within the 60 countries Porter Novelli operates. Cone will remain an independent brand within the Porter Novelli network, and continue as a specialty agency within the Omnicom Public Relations Group. Within the new framework, Bill Fleishman will continue in his current position as chief executive officer of Cone, reporting into Brad MacAfee, CEO of Porter Novelli. “We are continually creating ways to bring the strength and expertise of our agency network to bear for global clients,” said Karen van Bergen, CEO, Omnicom Public Relations Group. “A partnership between Cone Communications and Porter Novelli allows Cone to leverage its specialty capabilities in CSR, cause marketing and consumer activation across a respected global network – resulting in increased reach and value for our clients.” “For more than 35 years, Cone Communications has been devoted to Always Making a Difference for businesses, brands and society. The agency’s multi-dimensional approach to CSR has helped companies elevate responsible business practices and raise more than $1 billion for important social issues. In addition, we are recognized for exceptional brand and product campaigns for clients,” said Bill Fleishman, CEO, Cone. “We look forward to integrating our subject-matter expertise in CSR and consumer communications as a Porter Novelli company and bringing the value of bench strength around the world to our clients.” Both agencies were recently recognized as Top Places to Work in PR by PR News and the new alliance seeks to further each organization’s commitment to its talent through enhanced collaboration and further ability to build best-in-class account service teams. Cone and Porter Novelli are currently supporting several clients with integrated teams and specialists including T-Mobile USA, The Almond Board of California and Ortholite. Brad MacAfee, CEO of Porter Novelli, said, “We are thrilled to welcome the industry CSR leaders to help meet the growing demands of global clients. We are two organizations with a deep heritage in doing good for business and society. We believe that with Cone’s CSR expertise and Porter Novelli’s ability to change behavior through social impact campaigns, we can drive transformational change that brings great value and return for clients.” About Cone Communications Cone Communications (www.conecomm.com) is a public relations and marketing agency that is Always Making a Difference℠ for business, brands and society. With a unique combination of corporate responsibility, consumer brand and integrated marketing expertise, our people deliver emotional storytelling and business value for every client. Cone is part of the Omnicom Public Relations Group. About Porter Novelli Porter Novelli is a global public relations agency built on a rich heritage of marketing for social good. We’ve been motivating people to change deeply ingrained behaviors rooted in cultural and social norms for more than 40 years. Porter Novelli is a different kind of agency—and we recognize, respect and champion companies with the spirit, drive and tenacity to do things differently. We like taking on big challenges, and even bigger challengers, and we seek out clients who feel the same way—clients who have the conviction to tell their own story, and the courage to innovate from who they have been into who they know they can be. For additional information, please visit www.porternovelli.com. Porter Novelli is part of the Omnicom Public Relations Group. About Omnicom Public Relations Group Omnicom Public Relations Group is a global collective of three of the top global public relations agencies worldwide and specialist agencies in areas including public affairs, marketing to women, fashion, global health strategy and corporate social responsibility. It encompasses more than 6,000 public relations professionals in more than 330 offices worldwide who provide their expertise to companies, government agencies, NGOs and nonprofits across a wide range of industries. Omnicom Public Relations Group is part of the DAS Group of Companies, a division of Omnicom Group Inc. that includes more than 200 companies in a wide range of marketing disciplines including advertising, public relations, healthcare, customer relationship management, events, promotional marketing, branding and research.
Omnicom Group Reports Fourth Quarter and Full Year 2016 Results Posted on February 7, 2017December 11, 2020 by Revanth Ravish NEW YORK, Feb. 7, 2017 /PRNewswire/ — Omnicom Group Inc. (NYSE: OMC) today announced that its diluted net income per common share for the fourth quarter of 2016 increased twelve cents, or 8.9%, to $1.47 per share versus $1.35 per share for the fourth quarter of 2015. Omnicom’s worldwide revenue in the fourth quarter of 2016 increased 2.1% to $4,241.8 million from $4,153.3 million in the fourth quarter of 2015. The components of the change in revenue included an increase in revenue from organic growth of 3.6%, an increase in revenue from acquisitions, net of dispositions of 0.3% and a decrease in revenue from the negative impact of foreign exchange rates of 1.8% when compared to the fourth quarter of 2015. Across our regional markets, organic revenue growth in the fourth quarter of 2016 was 0.6% in North America, 8.5% in the United Kingdom, 6.2% in the Euro Markets and Other Europe, 9.5% in Asia Pacific and 29.0% in the Middle East and Africa, while organic revenue declined by 6.2% in Latin America when compared to the same quarter of 2015. The change in organic revenue in the fourth quarter of 2016 as compared to the fourth quarter of 2015 in our four fundamental disciplines was as follows: advertising increased 4.6%, CRM increased 0.4%, public relations increased 7.7% and specialty communications increased 5.7%. Operating profit in the fourth quarter of 2016 increased $26.4 million, or 4.6%, to $601.9 million from $575.5 million in the fourth quarter of 2015. Our operating margin for the fourth quarter of 2016 increased to 14.2% versus 13.9% for the fourth quarter of 2015. For the fourth quarter of 2016, earnings before interest, taxes and amortization of intangibles (“EBITA”) increased $27.4 million, or 4.5%, to $631.4 million from $604.0 million in the fourth quarter of 2015. Our EBITA margin (defined as EBITA divided by revenue) increased to 14.9% for the fourth quarter of 2016 versus 14.5% in the fourth quarter of 2015. For the fourth quarter of 2016, our income tax rate was 32.5% compared to 32.8% for the same period in 2015. Net income for the fourth quarter of 2016 increased $18.7 million, or 5.6%, to $350.3 million from $331.6 million in the fourth quarter of 2015. Year-to-date Diluted net income per common share for the twelve months ended December 31, 2016 increased 37 cents, or 8.4%, to $4.78 per share compared to $4.41 per share for the twelve months ended December 31, 2015. Worldwide revenue for the twelve months ended December 31, 2016 increased 1.9% to $15,416.9 million from $15,134.4 million in the same period of 2015. The components of the change in revenue included an increase in revenue from organic growth of 3.5%, an increase in revenue from acquisitions, net of dispositions of 0.3% and a decrease in revenue from the negative impact of foreign exchange rates of 1.9% when compared to the same period of 2015. Across our regional markets for the twelve months ended December 31, 2016, organic revenue growth was 2.4% in North America, 4.9% in the United Kingdom, 4.0% in the Euro Markets and Other Europe, 6.9% in Asia Pacific and 11.7% in the Middle East and Africa, while organic revenue declined by 0.8% in Latin America when compared to the same period of 2015. The change in organic revenue for the twelve months ended December 31, 2016 compared to the same period in 2015 in our four fundamental disciplines was as follows: advertising increased 5.9%, public relations increased 2.8% and specialty communications increased 4.6%, while CRM decreased 0.3%. Operating profit for the twelve months ended December 31, 2016 increased $88.8 million, or 4.6%, to $2,008.9 million compared to $1,920.1 million for the same period in 2015. Our operating margin for the twelve months ended December 31, 2016 increased to 13.0% versus 12.7% for the same period in 2015. Omnicom’s EBITA for the twelve months ended December 31, 2016 increased 4.7%, or $94.7 million, to $2,124.1 million from $2,029.4 million for the same period in 2015. Our EBITA margin for the twelve months ended December 31, 2016 increased to 13.8% versus 13.4% for the same period in 2015. For the twelve months ended December 31, 2016, our income tax rate was 32.6% compared to 32.8% for the same period in 2015. Net income for the twelve months ended December 31, 2016 increased $54.7 million, or 5.0%, to $1,148.6 million from $1,093.9 million versus the same period in 2015. Non-GAAP Financial Measures We used certain non-GAAP financial measures in describing our performance above. We use EBITA (defined as earnings before interest, taxes and amortization of intangibles) and EBITA margin (defined as EBITA divided by revenue) as additional operating performance measures, which excludes the non-cash amortization expense of intangible assets (primarily consisting of amortization arising from acquisitions), because we believe it is a useful measure for investors to evaluate the performance of our businesses. The financial tables at the end of this document reconcile EBITA to the GAAP financial measure of net income for the periods presented. 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. (NYSE: OMC) (www.omnicomgroup.com) is a leading global marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries. Follow us on Twitter for the latest news. For a live webcast or a replay of our fourth quarter earnings conference call, go to https://investor.omnicomgroup.com/investor-relations/news-events-and-filings. Omnicom Group Inc. Consolidated Statements of Income Three Months Ended December 31 (Unaudited) (Dollars in Millions, Except Per Share Data) 2016 2015 Revenue $ 4,241.8 $ 4,153.3 Operating Expenses: Salary and service costs 3,148.7 3,089.0 Occupancy and other costs 297.8 300.7 Costs of services 3,446.5 3,389.7 Selling, general and administrative expenses 120.8 115.7 Depreciation and amortization 72.6 72.4 3,639.9 3,577.8 Operating Profit 601.9 575.5 Add back: Amortization of intangibles 29.5 28.5 EBITA (a) 631.4 604.0 Amortization of intangibles 29.5 28.5 Operating Profit 601.9 575.5 Net Interest Expense 40.2 36.8 Income before income taxes 561.7 538.7 Income tax expense 182.7 176.7 Income from equity method investments 1.4 2.2 Net income 380.4 364.2 Less: Net income allocated to noncontrolling interests 30.1 32.6 Net income – Omnicom Group Inc. 350.3 331.6 Less: Net income allocated to participating securities 1.6 3.3 Net income available for common shares $ 348.7 $ 328.3 Net income per common share – Omnicom Group Inc. Basic $ 1.47 $ 1.35 Diluted $ 1.47 $ 1.35 Weighted average shares (in millions) Basic 236.5 242.6 Diluted 237.8 243.8 Dividend declared per common share $ 0.55 $ 0.50 (a) EBITA (defined as earnings before interest, taxes and amortization of intangibles) is a non-GAAP financial measure. We use EBITA as an additional operating performance measure, which excludes the non-cash amortization expense of intangible assets (primarily consisting of amortization arising from acquisitions), because we believe it is a useful measure for investors to evaluate the performance of our businesses. The above table reconciles EBITA to the GAAP financial measures for the periods presented. 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. Consolidated Statements of Income Twelve Months Ended December 31 (Unaudited) (Dollars in Millions, Except Per Share Data) 2016 2015 Revenue $ 15,416.9 $ 15,134.4 Operating expenses: Salary and service costs 11,453.2 11,248.7 Occupancy and other costs 1,218.0 1,242.7 Cost of services 12,671.2 12,491.4 Selling, general and administrative expenses 443.9 431.8 Depreciation and amortization 292.9 291.1 13,408.0 13,214.3 Operating Profit 2,008.9 1,920.1 Add back: Amortization of intangibles 115.2 109.3 EBITA (a) 2,124.1 2,029.4 Amortization of intangibles 115.2 109.3 Operating Profit 2,008.9 1,920.1 Net Interest Expense 167.1 141.5 Income before income taxes 1,841.8 1,778.6 Income tax expense 600.5 583.6 Income from equity method investments 5.4 8.4 Net income 1,246.7 1,203.4 Less: Net income allocated to noncontrolling interests 98.1 109.5 Net income – Omnicom Group Inc. 1,148.6 1,093.9 Less: Net income allocated to participating securities 6.5 12.4 Net income available for common shares $ 1,142.1 $ 1,081.5 Net income per common share – Omnicom Group Inc. Basic $ 4.80 $ 4.43 Diluted $ 4.78 $ 4.41 Weighted average shares (in millions) Basic 237.9 244.2 Diluted 239.2 245.2 Dividend declared per common share $ 2.15 $ 2.00 (a) EBITA (defined as earnings before interest, taxes and amortization of intangibles) is a non-GAAP financial measure. We use EBITA as an additional operating performance measure, which excludes the non-cash amortization expense of intangible assets (primarily consisting of amortization arising from acquisitions), because we believe it is a useful measure for investors to evaluate the performance of our businesses. The above table reconciles EBITA to the GAAP financial measures for the periods presented. 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. Contacts Investor Relations: Media: Shub Mukherjee, 212-415-3011 Joanne Trout, 212-415-3669 [email protected] [email protected]
BBDO is The Most Awarded Agency Network in the World Across All Marketing Communications Posted on January 11, 2017December 11, 2020 by Revanth Ravish Tops Directory Big Won by a Record Margin Six BBDO Agencies Ranked Among the World’s Top Ten, Including Colenso BBDO New Zealand #1 NEW YORK, JANUARY 11, 2017 — BBDO has once again topped the 2016 Directory Big Won as the world’s most awarded agency network across all marketing communication disciplines. This is the twelth time in the 13 years since these rankings were first published. “The Directory Big Won is a reflection of which agencies are delivering the best work across all marketing platforms. That is important in today’s media environment, where people are consuming content in more ways than ever before,” said Patrick Collister, the author of the Directory Big Won. “Clearly, BBDO is doing this better than anyone else, and they are delivering this work year after year. Other networks are trying to close the gap but, frankly, BBDO is still way ahead of the game.” Fifty-four BBDO agencies contributed to the network’s performance, with work for 35 clients. Twelve finished #1 in their respective markets, including Colenso BBDO in New Zealand, which was ranked the #1 most awarded agency in the world. Other country-leading agencies were Almap BBDO (Brazil), AMV BBDO (UK), BBDO India, BBDO New York (U.S.), BBDO Pakistan, BBDO Portugal, BBDO Ukraine, Clemenger BBDO Melbourne (Australia), Impact BBDO (United Arab Emirates), Pages BBDO (Dominican Republic) and 3SG BBDO (Tunisia). Six of these agencies were ranked among the Top Ten in the World. No other network had more than one. A Colenso BBDO (New Zealand) campaign for DB Breweries (“Brewtroleum”) was the most awarded campaign in three categories – Direct, Outdoor/Ambient and Media – and the second most awarded campaign in the world. Two other BBDO campaigns also featured in the world’s Top 20: #Sharetheload from BBDO India for P&G’s Ariel and “Spare the Act” from AMV BBDO for Dixons. Four of the world’s Top Ten most awarded Chief Creative Officers were from BBDO: Nick Worthington of Colenso BBDO at #2, David Lubars and BBDO New York’s Greg Hahn tied at #5 and Almap BBDO’s Luiz Sanchez at #8. The agency also had the two top most awarded Executive Creative Directors in the world: Andy Blood from Colenso BBDO at #1 and Bruno Prosperi from Almap BBDO at #2. Andrew Robertson, President and CEO, BBDO Worldwide, commented, “What separates one agency network from another is the ability to deliver work that works for its clients. The data proves that award-winning work works better. So topping the Directory Big Won matters.” He continued, “To do so once is good. To do so 12 years out of 13 is great.” Further details regarding the Directory Big Won can be found at www.directnewideas.com. BBDO Worldwide is part of Omnicom Group Inc. (NYSE-OMC) (www.omnicomgroup.com), a leading global marketing and corporate communications company.
Omnicom Agencies Prevail at Campaign’s Annual Agency of the Year Awards Posted on December 16, 2016December 11, 2020 by Revanth Ravish NEW YORK, Dec. 16, 2016 /PRNewswire/ — Omnicom agencies continued their tradition of delivering outstanding creativity and effectiveness by winning top honors in the annual Campaign UK Agency of the Year Awards. For the third year straight, adam&eveDDB won the title of Advertising Agency of the Year. Meanwhile, PHD capped off another record year of standout work by being named Media Network of the Year. In Campaign’s Asia-Pacific Awards, Omnicom’s creative and media networks excelled, winning multiple Agency of the Year titles across the region. There were many highlights over the course of multiple award shows. Here are just a few: Japan Creative Agency of the Year: TBWA\HAKUHODO Japan Digital Agency of the Year: TBWA\HAKUHODO New Zealand Creative Agency of the Year: Colenso BBDO New Zealand Media Agency of the Year: OMD New Zealand New Zealand Digital Agency of the Year: DDB New Zealand China Creative Agency of the Year: BBDO China High-caliber talent is pivotal to our success. Over 20 Omnicom agency employees, more than any other holding company, were recognized as being the best in their respective fields; spanning creative, account service, strategic planning, talent management and business development. “I want to congratulate all of our people for their dedication and passion they bring to work every day,” said John Wren, President and CEO, Omnicom. “The outstanding results of Campaign’s Agency of the Year awards reflect the unparalleled creativity and diversity of our portfolio of agencies.” The success at Campaign Asia-Pacific and Campaign UK continued the winning streak that began earlier in the month when the Epica Awards – the only international creative prize judged by journalists – named Omnicom as the most awarded holding company with a combined total of 82 awards between BBDO, DDB and TBWA. BBDO New York won Agency of the Year with 19 awards including one Gold. ABOUT OMNICOM GROUP INC. Omnicom Group (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. To view the original version on PR Newswire, visit: https://www.prnewswire.com/news-releases/omnicom-agencies-prevail-at-campaigns-annual-agency-of-the-year-awards-300379812.html SOURCE Omnicom Group Press Contacts, Regina Chung Loy, 212-415-3452, [email protected]
DDB Named Eurobest Network of the Year for the Fourth Consecutive Year Posted on December 5, 2016December 11, 2020 by Revanth Ravish LONDON, Dec. 5, 2016 /PRNewswire/ — DDB Worldwide, part of Omnicom Group (NYSE: OMC), was named “Network of the Year” at the 2016 Eurobest Festival of Creativity, which took place in Rome, Friday December 2nd. This marks the fourth consecutive year DDB has taken home the title. In total, DDB picked up 57 awards, including 4 Grand Prix, 15 Gold, 14 Silver, 24 Bronze. The awards were won across 18 categories: Creative Effectiveness, Design, Digital Craft, Direct, Entertainment, Film, Film Craft, Grand Prix for Good, Healthcare, Integrated, Interactive, Media, Mobile, PR, Print, Print & Outdoor Craft, Promo & Activation and Radio. The Grand Prix for Good was awarded to DDB Group Berlin for the Pink Ribbon Breast Cancer Awareness campaign “Check it Before It’s Removed,” which in addition was awarded 11 Gold. The Creative Effectiveness Grand Prix went to adam&eveDDB for John Lewis “Monty,” and the Integrated Grand Prix was awarded to John Lewis “Man on the Moon.” adam&eveDDB also took home the Grand Prix in Entertainment for the H&M campaign “Becoming Beckham.” Other Gold awards include one in Print for DDB Brussel’s “Simplified Stories” for Alzheimer Liga, and one in Design for DDB Group Berlin’s “Words of Welcome” for Verein Für Berliner Stadtmission, as well as in Entertainment for adam&eveDDB’s H&M campaigns “Becoming Beckham” and “Road Trip.” Pietro Tramontin, Chief Executive Officer of DDB EMEA, says: “Following on from the recent African Cristal Network of the Year accolade, this is another great achievement for the EMEA region. The fact that our awarded work spans so many different categories, also proves that our agencies continue to deliver on creativity, effectiveness and breadth of offering.” Other agencies contributing to the network accolade with metal include the network agencies in Amsterdam, Düsseldorf, Paris, Stockholm and DDB Remedy UK. In addition, adam&eveDDB and DDB Group Berlin ranked third and second respectively for Agency of the Year. Eurobest is the world’s pre-eminent celebration of European creativity, arranged by the organizers of Cannes Lions, and this year’s Network of the Year win marks the seventh time in eight years that DDB has taken home the title. DDB was also named Eurobest Network of the Year in 2009, 2010, 2011, 2013, 2014 and 2015. About DDB 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 2016 Eurobest Network of the Year for the seventh time in eight 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 Omnicom Group Inc. (NYSE – OMC) is a leading global marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries.
Omnicom Named a Best Place to Work for LGBT Equality by Human Rights Campaign Foundation Posted on December 5, 2016December 11, 2020 by Revanth Ravish NEW YORK, December 5, 2016— Omnicom Group (NYSE: OMC) has achieved perfect score of 100 percent on the Corporate Equality Index (CEI) survey, a nationally recognized benchmarking tool for corporate inclusive policies, benefits and practices pertinent to LGBT employees, administered by the Human Rights Campaign Foundation. In addition to being highly rated, Omnicom has been designated as one of the “Best Places to Work for LGBT Equality” by the HRC Foundation. SVP, Chief Diversity Officer Tiffany R. Warren said, “Talent is the lifeblood of Omnicom, and we strongly believe that valuing individuals for their diverse backgrounds, experience, styles, approaches and ideas yields high-performing, creative content. We are extremely proud to be recognized this year by the Human Rights Campaign along with so many of our clients and peers.” As part of an ongoing commitment to recruiting, developing and retaining a diverse, world-class workforce that reflects our global community this marks the first year Omnicom has received a CEI rating of 100 percent. Earlier this year, the Omnicom People Engagement Network (OPEN) launched OPEN Pride – an employee resource group committed to inclusion and diversity efforts for Omnicom’s LGBT community and its allies. OPEN Pride facilitates company-wide efforts to promote awareness, acceptance and advocacy by creating opportunities for leadership, visibility, community involvement, networking and business. Deena Fidas, HRC Foundation Workplace Equality Program Director said, “In this 2017 Corporate Equality Index, hundreds of major businesses rose to meet our comprehensive standards for LGBT workplace inclusion, best-in-class policies, benefits and practices. We congratulate Omnicom Group on earning the distinction of one of HRC’s ‘Best Places to Work for LGBT Equality.’” Implemented in 2002, the HRC Foundation’s CEI criteria requirements provide a roadmap for today’s businesses to achieve and adopt the standards for worker protections across the U.S. and throughout the world. To learn more about the Corporate Equality Index (CEI), or to download a free copy of the report, please visit www.hrc.org/cei.
Hall & Partners Wins 2016 MRS Award for Best Agency Posted on December 5, 2016December 11, 2020 by Revanth Ravish Award recognizes excellence among the biggest players in the research industry. Hall & Partners won the 2016 Market Research Society (MRS) Award for Best Agency with a turnover above £20 million at a ceremony in London on 5 December. The judges commented, “This award recognizes excellence among the biggest players in the research industry. Impressive financial growth coupled with an innovative approach to nurturing young talent clinched the prize for Hall & Partners.” This accolade reflects Hall & Partners culture of supporting and developing their people. They recognize in particular that it is the successes of their brightest rising stars that fuel the company. By embracing their new ways of thinking, they are able to inject Hall & Partners with fresh insights and momentum. It is this relentless focus on young talent that has driven their financial success. Hall & Partners’s approach means their teams are willing to embrace change, leading to innovation across the business. They are constantly reinventing the way they service clients, as well as experimenting with new approaches to transform the way they do research. They are very proud of their performance over the year, which is reflected in their impressive growth in both revenue and profit. Hall & Partners was also shortlisted for awards across Business-to-Business Research, Healthcare Research and for Newcomer of the Year (Katie Marks). For more information about the awards and to see all this year’s winners, visit the MRS website here.
Omnicom is Holding Company of the Year at Epica Awards Posted on November 23, 2016December 11, 2020 by Revanth Ravish Omnicom’s agencies – TBWA, DDB and BBDO – won a combined total of 82 awards during the 30th edition of the Epica Awards. It was a gratifying result for Omnicom after a battle between DDB, BBDO and Leo Burnett for the Network of the Year title, which was finally won by Leo Burnett from rival holding Publicis Groupe. But DDB was close behind with some truly groundbreaking work. In particular, DDB Brussels won Epica’s very first Design Grand Prix with its “Simplified Stories” entry – a streamlined book designed to make reading easier for Alzheimer’s sufferers. AdamandeveDDB won Golds for its “Tiny Dancer” and “Man on the Moon” spots for retailer John Lewis, while DDB Group Germany won Gold for an innovative campaign that used Facebook to combat breast cancer. TBWA scored no less than 8 Gold awards. Heimat Berlin led the charge with three gold winners: for the Hornbach spot “You’re alive, do you remember?”, the surreal “Way of the Master” for Das Handwerk (a German craft association) and the animated spot “The Letter” for retailer Otto. TBWA\Istanbul won Gold in the hotly-contested Social category with its anti-homophobia film “Gay Turtle”. TBWA\Raad in the United Emirates scored Gold twice with an innovative print solution for Go Sport, which digitally effaced the heads and bodies of soccer players, leaving just their clothes and boots on the page. “It’s all about the gear,” read the copy. TBWA\Hakuhodo in Japan created the “intelligent parking chair” to promote Nissan’s advanced technology. BBDO New York also made a big contribution, scooping Agency of the Year with 19 awards including one Gold – for its stylish spot “La Pursuit” for Grey Goose vodka. Other BBDO Golds were the romantic “Sarah and Juan” spot for Extra Gum, from Energy BBDO, and a moving campaign featuring Down Syndrome sufferers working in an animal care centre, from BBDO Russia. Epica celebrated its 30th edition at the Panama club in Amsterdam on November 17. Epica is the only global creative prize awarded by journalists from the marketing and communications press. (Source: AdForum)
Omnicom’s New McDonald’s Agency Launches as “We Are UNLIMITED” Posted on November 17, 2016December 11, 2020 by Revanth Ravish Omnicom’s New McDonald’s Agency Launches as “We Are UNLIMITED” BBDO New York’s Brian Nienhaus Tapped to Be CEO (November 17, 2017) – Chicago, IL – Omnicom (NYSE: OMC) today announced the launch of “We Are UNLIMITED,” the new full-service advertising agency for McDonald’s in the U.S. Unlimited, as the agency will be referred to, integrates strategic, creative and analytical capabilities to deliver across all communications touch points – from online to mass, to in-restaurant, to intercompany – from one, integrated agency team. The agency also includes embedded teams from The Marketing Store (TMS), Facebook, Google, Twitter, Adobe,the T Brand Studio of The New York Times and others.Brian Nienhaus has been tapped as CEO, and will lead the team of aprroximately 200 brand practitioners based in Chicago. He will report directly to DDB North America Chief Executive Officer Wendy Clark. Deborah Wahl, Chief Marketing Officer of McDonald’s, commented, “Whether it’s a social post, an anthemic film or in-restaurant messaging, we are confident that analytically inspired, creatively driven thinking and work from Unlimited will help shape McDonald’s marketing in completely new ways to break new ground and fuel increased business impact.” Wendy Clark stated, “Brian’s experience leading integrated teams that span digital, social, sponsorships and traditional advertising working across multiple Omnicom sister agencies, many of whom are part of Unlimited, has uniquely qualified him to take the reins as CEO of this agency.” “I’m incredibly honored to assume a leadership role in changing the way agencies deliver client solutions. To do so in partnership with McDonald’s, one of the world’s most iconic brands, and the stellar team we’ve brought together, is both exciting and humbling,” said Nienhaus. Nienhaus comes to Unlimited from Omnicom’s BBDO New York, where he led the AT&T corporate brand and Business Solutions accounts. Prior to that, he led Team Sprint, a multi-agency, data-led integrated team devoted to Sprint communications at Digitas Chicago. Earlier in his career, he spent six years with Cramer-Krasselt leading accounts as varied as Hilton, Hyatt, Zantac, Glaxo, Merck and Under Armour. Throughout his career in advertising, Nienhaus has worked for some of the largest global agencies on a broadarray of brands, including Ford, Nokia, Microsoft, 3Com, Gateway, Challenge Butter and Sara Lee. In addition to Nienhaus, the leadership team at Unlimited will include John Hansa, Executive Creative Director; Graceann Bennett, Chief Strategy Officer; Chip Knicker, Chief Digital Officer; Jon Ellis, Chief Production Officer; Linda Poe, Chief Financial Officer; and Ursula Ostrom, Senior Vice President. John Hansa, Executive Creative Director, joins the agency from Leo Burnett Chicago, where he was responsible for running the creative portion of the McDonald’s business. He brings over 27 years of award-winning advertising experience on a variety of blue-chip accounts. Graceann Bennett, Chief Strategy Officer, is an experienced planner and thought leader who has led brand strategy at four major global advertising agencies, including Ogilvy. She has stewarded successful integrated creative campaigns for Dove, Volkswagen, Guinness, Wonderbra, and even a world religion. Chip Knicker, Chief Digital Officer, joins Unlimted from Accenture, where he managed their North American eCommerce practice. During this time, he managed the eCommerce delivery organization from a client delivery, staffing, recruiting, and people management perspectives. Jon Ellis, Chief Production Officer, has over 20 years of experience working in digital, new media, and traditional broadcast production. He joins Unlimited from DDB, where he served as Executive Integrated Producer. He has produced integrated campaigns for brands including Capital One, State Farm, Wrigley, and McDonald’s. Linda Poe, Chief Financial Officer, spent nine years with Element 79, an Omnicom agency, as the company’s Controller. She joins Unlimited from Fathom Communications, where she has been the agency’s CFO. Ursula Ostrom, Senior Vice President, Group Director, will be embedded in Unlimited from The Marketing Store (TMS), where she served as s Senior Vice President, Account Director. She has 15+ years of both above and below the line marketing and advertising experience. Her expertise in both the development of business driving strategy coupled with execution of work has crossed multiple industries with a diverse list of clients including McDonald’s, Disney, Bayer and Alberto Culver. Nienhaus said, “Along with these key executives, we have hired dozens of associates and are well on our way to being fully staffed by January 1, 2017. Indeed, the future looks Unlimited.” To learn more about the new agency, visit weareunlimited.com.
Omnicom Group sweeps the board at 2016 IPA Effectiveness Awards Posted on November 4, 2016December 11, 2020 by Revanth Ravish BBDO’s award-winning haul includes the Special Prizes for Best Multi-Market for Snickers by AMV BDDO, Tim Broadbent Prize for Best International for Speeding (New Zealand Transport Authority) by Clemenger BBDO Wellington; and The Channon Prize for Best New Learning for the Economist by Proximity BBDO London and UM London. They also picked up four Golds for Guinness by AMV BBDO, Snickers by AMV BBDO, Speeding by Clemenger BBDO Wellington and The Economist by Proximity BBDO London. This is in addition to two silvers for Pepsi Max by AMV BBDO and Sainsbury’s by AMV BBDO. While adam&eveDDB (with Manning Gottlieb OMD) picked up the Grand Prix and a Gold for John Lewis; a Gold for Save the Children; a Silver for John Lewis Insurance (with Manning Gottlieb OMD); a Silver for Wall’s and a Bronze for Volkswagen Commercial Vehicles. The Special Prize for Effectiveness Company of the Year goes to the organisation that accumulates the largest number of points from at least two papers in any one year of the Effectiveness Awards. The points comprise Gold – 6; Silver – 4; Bronze – 2; Grand Prix – 3; Channon Prize – 2 and Special Prize – 1 Effectiveness Network of the Year is awarded to the agency network that has had at least two shortlisted papers from at least two agency offices with the largest number of points. In total, 11 gold, 13 silver and 15 bronze prizes, along with nine special prizes were awarded. The full 2016 IPA Effectiveness Awards winners list: Special Prizes: Grand Prix – sponsored by Thinkbox John Lewis, The gift that keeps on giving: John Lewis Christmas advertising, 2012 – 2015 by adam&eveDDB and Manning Gottlieb OMD Best Commercial Effectiveness for Good (President’s Prize) – sponsored by Outsmart Dove, Beautifully Effective: How Dove turned cultural resonance into ROI by Ogilvy Effectiveness Network of the Year BBDO Effectiveness Company of the Year adam&eveDDB Best Dedication to Effectiveness (The Simon Broadbent Prize) – sponsored by Radiocentre Unilever Best Multi-Market – sponsored by Ipsos Connect Snickers, Thinking like a Hollywood blockbuster by AMV BBDO Best Small Budget – sponsored by MARSH Narellan Pools, Diving into big data for Narellan Pools by AFFINITY Best International (The Tim Broadbent Prize) – sponsored by Warc Speeding (New Zealand Transport Authority), Mistakes by Clemenger BBDO Wellington The Channon Prize for Best New Learning – sponsored by Newsworks The Economist, Raising eyebrows and subscriptions by Proximity BBDO London and UM London For a full list of winners, please visit IPA.co.uk
Omnicom Media Group Opens Hearts & Science in MENA Posted on October 26, 2016December 11, 2020 by Revanth Ravish Dubai second office outside North America for data-driven marketing network Dubai, 25/10/2016: Omnicom Media Group, the media services division of Omnicom Group Inc., today announced the MENA launch of its third agency network, Hearts & Science. The office in Dubai is the second operation outside North America for the data-driven marketing agency, which launched six months ago in New York and already counts the two largest US advertisers as clients. In order to respond to marketers seeking business advantage in a world of personalized digital marketing, Hearts & Science has been designed to inform brand strategies with real-time data-led insights. It combines expert media planning and buying capabilities with a full range of services that include shopper marketing, marketing innovation and content activation. The new office will be led by Fadi Maktabi, who has been promoted to general manager of Hearts & Science MENA. He was previously the head of strategy at OMD UAE, where he successfully drove the agency’s business and product development. Hearts & Science Global CEO Scott Hagedorn commented: “It’s terrific to see the tremendous momentum continuing unabated with the expansion in the Middle East. Fadi has an impressive track-record and expertise in insights, strategy and innovation, a strong platform on which he can build to leverage that momentum and experience the success Hearts & Science has witnessed in other markets.” Staffing for Hearts & Science MENA is underway, with a team of 16 expected to be in place in the coming months. The new office will initially be located in the Omnicom Media Group MENA building in the Dubai Media City. “All the signs indicate that the region is not only ready for but also aspiring to work with an agency providing the full spectrum of innovation in data-driven audience definition, media placement, content optimization and shopper activation to create more value for brands,” said Omnicom Media Group MENA CEO Elie Khouri. “Hearts & Science will transform the market by redefining the standard for precision and performance.” -ENDS- Editor’s notes About Omnicom Media Group MENA: Omnicom Media Group MENA is the holding of OMD, PHD and Resolution in the Middle East. Omnicom Media Group is the media services division of Omnicom Group, Inc. (NYSE: OMC). Omnicom is a leading global advertising, marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries. Omnicom Media Group also includes a number of specialty media communications companies, including Accuen and Annalect. Consistently named one of the UAE’s best employers since 2012, ranking third in 2014, 2015 and 2016, the Group has also been recognized by the Great Place to Work Institute as Asia’s second best multinational workplace in 2016. Omnicom Media Group MENA was ranked among the top 5 at the Arabia CSR Awards 2013 in the medium-sized businesses category, and the company reports its sustainability activities in accordance with the GRI G4 Guidelines. Its first report was awarded ‘Best First Time Sustainability Report in Asia’ at the 2015 Asia Sustainability Reporting Awards. FOR MORE DETAILS, CONTACT: Mr Eric Mirabel Regional Executive Director-Marketing, Omnicom Media Group MENA Tel: +971 4 450 0484 . E-mail: [email protected]
Omnicom Media Group Officially Launches its Third Agency Network in Puerto Rico: Hearts & Science Posted on October 25, 2016December 11, 2020 by Revanth Ravish Puerto Rico, October, 2016. Omnicom Media Group, the media services division of Omnicom Group Inc. (NYSE: OMC) announced the launch of its third agency network in Puerto Rico: Hearts & Science (H&S). Hearts & Science has been inspired by marketers seeking business advantage in a world of personalized digital marketing, where CRM (Customer Relationship Management) and addressable channels converge, and decisions must be made in real time to aggregate effective reach and deliver the right message at the right time. Designed to inform brand strategies with real-time insights, Hearts & Science is a data-driven marketing agency with expert media planning and buying capabilities, among other services that include shopper marketing, marketing innovation and content activation. “With the addition of Hearts & Science, Omnicom Media Group has three distinct agency brands all focused on driving client business results,” says Daryl Simm, CEO, Omnicom Media Group. “OMD is the world’s largest and most creatively awarded media agency; PHD is the global leader in communications planning; Hearts & Science will be highly focused on data driven marketing. All three agency networks benefit from the full scale of Omnicom Media Group’s activation and buying resources and our industry-leading Annalect data and analytics platform.” Hearts & Science opened its North America based operation in April with Procter & Gamble as its inaugural client, and Scott Hagedorn as its CEO. Hagedorn takes the helm at Hearts & Science following five years as the founding CEO of Annalect. While leading the effort to integrate data across multiple Omnicom network agencies, Hagedorn began crafting the vision for Hearts & Science, an enterprise that he describes as “the nexus between marketing science and consumer connections”. The new agency in Puerto Rico is Heart & Science’s first office in Latin America, and following this launch, there will be other openings in other countries in the region. In reference to the launch of the new agency, Julian Porras, the CEO of Omnicom Media Group Latin America, affirms: “With this launch, Omnicom Media Group takes an important step forward in the continuous evolution of their strategic framework for the specialized mass media agency at a worldwide level. In Puerto Rico, the agency counts on the leadership of Andres Claudio, a professional veteran of mass media, who counts on a noteworthy history in McCann-Erickson, Grey, and most recently, Nielsen.” In speaking of his main objectives in Hearts & Science Puerto Rico, Andres Claudio confirms: “It is a great challenge to lead a new model for an agency geared in marketing with the ultimate goal of providing the perfect balance between the strategic planning of focusing on data and the emotional connections of the consumer and their behaviors. H&S sets sail in the local market with the purpose of offering services to Procter & Gamble as their inaugural client with the commitment of elevating the traditional rhetoric of post-purchase and the strategies attached to stationary plans, to a vision of real time connections in all channels of contact. All of this is without a doubt a very interesting challenge.” Contact:Laura Reyes[email protected]
Omnicom Group Reports Third Quarter and Year-to-Date 2016 Results Posted on October 18, 2016December 11, 2020 by Revanth Ravish NEW YORK, Oct. 18, 2016 /PRNewswire/ — Omnicom Group Inc. (NYSE: OMC) today announced that its diluted net income per common share for the third quarter of 2016 increased nine cents, or 9.3%, to $1.06 per share versus $0.97 per share for the third quarter of 2015. Omnicom’s worldwide revenue in the third quarter of 2016 increased 2.3% to $3,791.1 million from $3,706.6 million in the third quarter of 2015. The components of the change in revenue included an increase in revenue from organic growth of 3.2%, an increase in revenue from acquisitions, net of dispositions of 0.4% and a decrease in revenue from the negative impact of foreign exchange rates of 1.3% when compared to the third quarter of 2015. Across our regional markets, organic revenue growth in the third quarter of 2016 was 1.7% in North America, 5.2% in the United Kingdom, 2.0% in the Euro Markets and Other Europe, 8.0% in Asia Pacific, 11.9% in Latin America and 15.6% in the Middle East and Africa when compared to the same quarter of 2015. The change in organic revenue in the third quarter of 2016 as compared to the third quarter of 2015 in our four fundamental disciplines was as follows: advertising increased 3.6%, CRM increased 1.6%, public relations increased 4.4% and specialty communications increased 6.2%. Operating income in the third quarter of 2016 increased $24.8 million, or 5.8%, to $453.1 million from $428.3 million in the third quarter of 2015. Our operating margin for the third quarter of 2016 increased to 12.0% versus 11.6% for the third quarter of 2015. For the third quarter of 2016, earnings before interest, taxes and amortization of intangibles (“EBITA”) increased $27.4 million, or 6.0%, to $482.1 million from $454.7 million in the third quarter of 2015. Our EBITA margin (defined as EBITA divided by revenue) increased to 12.7% for the third quarter of 2016 versus 12.3% in the third quarter of 2015. For the third quarter of 2016, our income tax rate was 32.7% compared to 32.8% for the same period in 2015. Net income for the third quarter of 2016 increased $14.5 million, or 6.1%, to $253.8 million from $239.3 million in the third quarter of 2015. Year-to-date Diluted net income per common share for the nine months ended September 30, 2016 increased 25 cents, or 8.2%, to $3.31 per share compared to $3.06 per share for the nine months ended September 30, 2015. Worldwide revenue for the nine months ended September 30, 2016 increased 1.8% to $11,175.1 million from $10,981.1 million in the same period of 2015. The components of the change in revenue included an increase in revenue from organic growth of 3.4%, an increase in revenue from acquisitions, net of dispositions of 0.3% and a decrease in revenue from the negative impact of foreign exchange rates of 1.9% when compared to the same period of 2015. Across our regional markets for the nine months ended September 30, 2016, organic revenue growth was 3.1% in North America, 3.6% in the United Kingdom, 3.1% in the Euro Markets and Other Europe, 5.9% in Asia Pacific, 1.4% in Latin America and 5.1% in the Middle East and Africa when compared to the same period of 2015. The change in organic revenue for the nine months ended September 30, 2016 compared to the same period in 2015 in our four fundamental disciplines was as follows: advertising increased 6.4%, public relations increased 1.2% and specialty communications increased 4.3%, while CRM decreased 0.6%. Operating income for the nine months ended September 30, 2016 increased $62.4 million, or 4.6%, to $1,407.0 million compared to $1,344.6 million for the same period in 2015. Our operating margin for the nine months ended September 30, 2016 increased to 12.6% versus 12.2% for the same period in 2015. Omnicom’s EBITA for the nine months ended September 30, 2016 increased 4.7%, or $67.3 million, to $1,492.7 million from $1,425.4 million for the same period in 2015. Our EBITA margin for the nine months ended September 30, 2016 increased to 13.4% versus 13.0% for the same period in 2015. For the nine months ended September 30, 2016, our income tax rate was 32.6% compared to 32.8% for the same period in 2015. Net income for the nine months ended September 30, 2016 increased $36.0 million, or 4.7%, to $798.3 million from $762.3 million versus the same period in 2015. Non-GAAP Financial Measures We used certain non-GAAP financial measures in describing our performance above. We use EBITA (defined as earnings before interest, taxes and amortization of intangibles) and EBITA margin (defined as EBITA divided by revenue) as additional operating performance measures, which excludes the non-cash amortization expense of intangible assets (primarily consisting of amortization arising from acquisitions), because we believe it is a useful measure for investors to evaluate the performance of our businesses. The financial tables at the end of this document reconcile EBITA to the GAAP financial measure of net income for the periods presented. 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. (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. Omnicom Group Inc. Consolidated Statements of Income Three Months Ended September 30 (Unaudited) (Dollars in Millions, Except Per Share Data) 2016 2015 Revenue $ 3,791.1 $ 3,706.6 Operating Expenses: Salary and service costs 2,855.3 2,799.8 Occupancy and other costs 305.5 303.0 Costs of services 3,160.8 3,102.8 Selling, general and administrative expenses 104.1 103.7 Depreciation and amortization 73.1 71.8 Total operating expenses 3,338.0 3,278.3 Operating Income 453.1 428.3 Add back: Amortization of intangibles 29.0 26.4 EBITA (a) 482.1 454.7 Amortization of intangibles 29.0 26.4 Operating Income 453.1 428.3 Net Interest Expense 42.0 35.9 Income before income taxes 411.1 392.4 Income tax expense 134.3 128.9 Income from equity method investments 1.4 3.2 Net income 278.2 266.7 Less: Net income allocated to noncontrolling interests 24.4 27.4 Net income – Omnicom Group Inc. 253.8 239.3 Less: Net income allocated to participating securities 1.2 2.5 Net income available for common shares $ 252.6 $ 236.8 Net income per common share – Omnicom Group Inc. Basic $ 1.06 $ 0.97 Diluted $ 1.06 $ 0.97 Weighted average shares (in millions) Basic 237.4 243.2 Diluted 238.7 244.4 Dividend declared per common share $ 0.55 $ 0.50 (a) EBITA (defined as earnings before interest, taxes and amortization of intangibles) is a non-GAAP financial measure. We use EBITA as an additional operating performance measure, which excludes the non-cash amortization expense of intangible assets (primarily consisting of amortization arising from acquisitions), because we believe it is a useful measure for investors to evaluate the performance of our businesses. The above table reconciles EBITA to the GAAP financial measures for the periods presented. 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. Consolidated Statements of Income Nine Months Ended September 30 (Unaudited) (Dollars in Millions, Except Per Share Data) 2016 2015 Revenue $ 11,175.1 $ 10,981.1 Operating expenses: Salary and service costs 8,304.5 8,159.8 Occupancy and other costs 920.2 942.0 Cost of services 9,224.7 9,101.8 Selling, general and administrative expenses 323.1 316.0 Depreciation and amortization 220.3 218.7 Total operating expenses 9,768.1 9,636.5 Operating Income 1,407.0 1,344.6 Add back: Amortization of intangibles 85.7 80.8 EBITA (a) 1,492.7 1,425.4 Amortization of intangibles 85.7 80.8 Operating Income 1,407.0 1,344.6 Net Interest Expense 127.0 104.7 Income before income taxes 1,280.0 1,239.9 Income tax expense 417.7 406.9 Income from equity method investments 4.0 6.2 Net income 866.3 839.2 Less: Net income allocated to noncontrolling interests 68.0 76.9 Net income – Omnicom Group Inc. 798.3 762.3 Less: Net income allocated to participating securities 4.8 9.0 Net income available for common shares $ 793.5 $ 753.3 Net income per common share – Omnicom Group Inc. Basic $ 3.33 $ 3.08 Diluted $ 3.31 $ 3.06 Weighted average shares (in millions) Basic 238.4 244.7 Diluted 239.6 245.8 Dividend declared per common share $ 1.60 $ 1.50 (a) EBITA (defined as earnings before interest, taxes and amortization of intangibles) is a non-GAAP financial measure. We use EBITA as an additional operating performance measure, which excludes the non-cash amortization expense of intangible assets (primarily consisting of amortization arising from acquisitions), because we believe it is a useful measure for investors to evaluate the performance of our businesses. The above table reconciles EBITA to the GAAP financial measures for the periods presented. 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.