Omnicom said revenue for Q1 2024 (March 31 ended 3 months) rose 5.4% to $3,630.5 million, and organic growth was 4.0%. Acquisition revenue, net of disposition revenue, was $53.0 million (1.5%).

1. 01

   Omnicom said revenue for Q1 2024 (March 31 ended 3 months) rose 5.4% to $3,630.5 million, and organic growth was 4.0%. Acquisition revenue, net of disposition revenue, was $53.0 million (1.5%).

2. 02

   The company said operating income for Q1 2024 rose $132.4 million (38.2%) to $478.9 million, and the operating margin was 13.2%. Operating income for Q1 2023 was reduced by real estate repositioning costs of $119.2 million.

3. 03

   Omnicom said net income – Omnicom Group Inc. for Q1 2024 rose 40.0% to $318.6 million, and diluted net income per share increased from $1.11 a year earlier to $1.59. It said diluted shares outstanding decreased 2.2% to 200.1 million as a result of net share repurchases.

4. 04

   The company said that beginning with Q1 2024, it defines EBITA as operating income before amortization of acquired intangible assets and internally developed strategic platform assets. EBITA for Q1 was $500.4 million, with an EBITA margin of 13.8%, compared with $361.3 million and 10.5% a year earlier.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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