For the fourth quarter of 2023, communications group Omnicom reports adjusted EPS up 5.3% to $2.20, with adjusted EBITA margin down 0.3 points to 16.8%, but revenues up 5% to $4.06 billion.
On an organic basis, revenues rose by 4.4%, driven by growth of 14.1% in Continental Europe, 13.7% in Latin America and 10.9% in Asia-Pacific, while the USA was almost stagnant (+0.6%).
For 2024, we are well positioned with solid fundamentals, huge opportunities in digital commerce and retail media thanks to our acquisition of Flywheel, and a momentum of new contracts", says CEO John Wren.
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Omnicom Group, Inc. is a holding company organized around 7 areas of activity:
- advertising services (53.7% of revenues). In addition, the group offers media consulting services and is developing an advertising space purchasing business;
- public relations services (10.7%);
- digital marketing, direct marketing and digital transformation services (10%);
- advertising and communication services for the health and pharmaceutical sectors (9.4%);
- field marketing services and development of merchandising solutions (6%);
- commercial marketing and brand strategy consulting services (5.8%);
- experiential marketing services (4.4%).
Net sales break down by market between pharmaceutical and healthcare (15%), food and beverage (14%), technology (11%), automotive (10%), consumer goods (8%), financial services (7%), travel and entertainment (7%), retail (7%), telecommunications (5%) and other (16%).
Net sales are distributed geographically as follows: North America (54.2%), Europe (29%), Asia/Pacific (12.1%), Latin America (2.6%), Middle East and Africa (2.1%).