Omnicom’s quarterly revenue down 3.6%, driven by foreign exchange rates

Omnicom’s quarterly report has shown the holding group’s revenue is down by 3.6% in the second quarter of 2019 compared to the same period last year.

Changes in foreign exchange rates reduced revenue by 2.6%, the report noted, also revealing that the group’s largest client accounts for 3% of revenue, and its top 100 clients 52%. The group’s client portfolio includes the likes of Unilever, Coles, Qantas, McDonald’s and Telstra.