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OMNICOM GROUP INC.

(OMC)
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Omnicom : Philips selects Omnicom Group as global integrated creative, media and communications agency partner

05/26/2021 | 04:37am EDT

Royal Philips (NYSE: PHG; AEX: PHIA), a global health technology leader, has selected Omnicom Group Inc. (NYSE: OMC), a leading global marketing and communications company, as its global integrated creative, media and communications agency partner, subject to final contractual agreement. Financial details of the multi-year partnership were not disclosed.

'As we look to extend our leadership as a health technology solutions provider, Omnicom will be an important part of our world-class marketing capabilities, helping us to deliver personalized, differentiating customer experiences,' said Lorraine Barber-Miller, Chief Marketing and E-Commerce Officer at Philips. 'We continue to advance digital-first, always-on engagement and e-commerce strategies that enable us to meet our customers where and how they want to be engaged, bringing Philips' brand purpose - improving people's health and well-being through meaningful innovation - to life.'

Omnicom will be an important part of our world-class marketing capabilities, helping us to deliver personalized, differentiating customer experiences.

Lorraine Barber-Miller

Chief Marketing and E-Commerce Officer at Philips 'We are delighted to be named the integrated agency partner for Philips and to help the company navigate the challenges and opportunities ahead,' said John Wren, Chairman and CEO of Omnicom Group. 'During an intense pitch process, we were able to leverage the strength of our agencies in a model that connects creativity, culture and technology to help Philips build a category of one in the changing health technology industry. We are proud to be Philips' partner in this important, new chapter of its history.'

We are proud to be Philips' partner in this important, new chapter of its history.

John Wren

Chairman and CEO of Omnicom Group Subsequent to the final agreement, Philips will work with a team assembled from the best of Omnicom, led by TBWA for creative, OMD for media and FleishmanHillard and Ketchum for communications, alongside talent and capabilities from Interbrand, Critical Mass and Omnicom Precision Marketing Group (OPMG). FleishmanHillard and Ketchum have had a successful 10-year relationship with Philips, and this marks the expansion of that relationship into the broader Omnicom Group.

Philips' leading portfolio in health technology includes diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as consumer health and home care products and solutions. The company aims to improve 2.5 billion lives per year by 2030, including 400 million in underserved communities.

Disclaimer

Omnicom Group Inc. published this content on 26 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2021 08:36:02 UTC.


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Financials (USD)
Sales 2021 14 318 M - -
Net income 2021 1 311 M - -
Net cash 2021 1 294 M - -
P/E ratio 2021 11,9x
Yield 2021 3,95%
Capitalization 15 502 M 15 502 M -
EV / Sales 2021 0,99x
EV / Sales 2022 0,97x
Nbr of Employees 64 100
Free-Float 71,4%
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Number of Analysts 13
Last Close Price 72,30 $
Average target price 85,91 $
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Managers and Directors
John D. Wren Chairman & Chief Executive Officer
Philip J. Angelastro Chief Financial Officer & Executive Vice President
Chadi Farhat Chief Investment Officer
Leonard S. Coleman Lead Independent Director
Linda Johnson Rice Independent Director
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