Omnicom Group Inc (LTS:0KBK)
$ 102.87 1.16 (1.14%) Market Cap: 20.13 Bil Enterprise Value: 24.36 Bil PE Ratio: 14.10 PB Ratio: 5.07 GF Score: 81/100
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Q1 2024 Omnicom Group Inc Earnings Call Transcript

Apr 16, 2024 / 08:30 PM GMT
Release Date Price: $90.45 (-1.04%)

Key Points

Positve
  • Omnicom Group Inc (OMC) reported a solid start to the year with organic growth in the first quarter at 4%.
  • EBITA margin was 13.8% for the quarter, with a strong performance in advertising, media, and precision marketing disciplines.
  • Non-GAAP adjusted earnings per share increased to $1.67, up 3.7% versus Q1 2023.
  • Full-year organic growth range increased to between 4% and 5% due to strong first-quarter performance.
  • The acquisition of Flywheel is off to a great start, with integration into Omni providing comprehensive data sets in the industry.
Negative
  • Public Relations declined by 1.1% in the quarter, expected to improve later in the year.
  • Branding and retail commerce declined by 3.8%, facing a challenging environment and difficult comparison to Q1 2023.
  • Execution and Support declined by 4.3%, with mixed results overshadowing continued strength in field marketing.
  • The impact of foreign currency was relatively flat, decreasing reported revenue by 0.1%.
  • Flywheel's integration costs and lower margins are expected to impact Omnicom's margins until Q4, where it is expected to align with Omnicom's average margins.


Refinitiv StreetEvents Event Transcript
P R E L I M I N A R Y V E R S I O N

OMC.N - Omnicom Group Inc
Q1 2024 Omnicom Group Inc Earnings Call
Apr 16, 2024 / 08:30PM GMT

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Conference Call Participants
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* >>Gregory Lundberg - Head of IR
* >>John Wren - CEO
* >>Philip Angelastro - CFO
* >>Cameron McVeigh - Morgan Stanley, Research Division
* >>Adam Berlin - UBS Investment Bank, Research Division
* >>David Karnovsky - JPMorgan Chase & Co, Research Division
* >>Tim Nollen - Macquarie Research
* >>Steven Cahall - Wells Fargo Securities, LLC, Research Division
* >>Michael Nathanson - MoffettNathanson LLC
* >>Paolo Yuvienco - CTO
* >>Jason Bazinet - Citigroup Inc., Research Division
* >>Craig Huber - Huber Research Partners, LLC

=====================
Presentation
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Operator [1]
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