Omnicom Group Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 20, 2021 at 06:40 am EDT
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Omnicom Group Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 3,426.9 million compared to USD 3,406.9 million a year ago. Operating income was USD 465.4 million compared to USD 420.2 million a year ago. Net income was USD 287.8 million compared to USD 258.1 million a year ago. Basic earnings per share from continuing operations was USD 1.33 compared to USD 1.19 a year ago.
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%).