Omnicom Group reports 7.9% increase in Asia Pacific but remains coy on new network
Omnicom Group has reported a slight lift in overall profit which rose 0.6 per cent to US$331.6m overnight, with Asia Pacific revenues the strongest in the group.
Revenues from the region grew 7.9%, outperforming other regions, with the company overall reporting a fall of 1% in total revenue, to US $4.15bn. Omnicom does not break out its Australian numbers.
On an investor call overnight, CEO John Wren declined to be drawn on the details of the company’s new global network and brand, which it promised to launch after last year’s win of Procter & Gamble, but told investors the new network would allow them to manage more clients.
“We’ll have the capacity to manage more client relationships as well as manage investments we’ve made in media capabilities across our business,” said Wren.
