Omnicom Group Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
July 16, 2024 at 04:02 pm
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Omnicom Group Inc. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was USD 3,853.8 million compared to USD 3,609.9 million a year ago. Net income was USD 328.1 million compared to USD 366.3 million a year ago. Basic earnings per share from continuing operations was USD 1.67 compared to USD 1.84 a year ago. Diluted earnings per share from continuing operations was USD 1.65 compared to USD 1.82 a year ago.
For the six months, sales was USD 7,484.3 million compared to USD 7,053.2 million a year ago. Net income was USD 646.7 million compared to USD 593.8 million a year ago. Basic earnings per share from continuing operations was USD 3.28 compared to USD 2.96 a year ago. Diluted earnings per share from continuing operations was USD 3.24 compared to USD 2.92 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%).
OMNICOM GROUP., INC. 
