Omnicom Q1 2022 Earnings Report
Key Takeaways
Omnicom Group reported a slight decrease in revenue by 0.5% to $3,410.3 million, but showed strong organic growth of 11.9%. The company's operating profit was impacted by charges related to the war in Ukraine, but adjusted operating profit saw a slight increase. Diluted earnings per share decreased, but adjusted diluted earnings per share increased by 4.5%.
Revenue decreased by 0.5% to $3,410.3 million, with organic growth of 11.9%.
Operating profit was $353.0 million, including charges from the war in Ukraine, with a non-GAAP adjusted operating profit of $466.4 million.
Non-GAAP adjusted diluted earnings per share was $1.39, compared to $0.83 reported.
The company continued to invest in growth areas, made strategic acquisitions, and repurchased a significant amount of shares.
Omnicom
Omnicom
Forward Guidance
Omnicom Group remains confident in its portfolio for future growth, despite global challenges.