Omnicom Group said worldwide revenue for the 3-month period ended June 30, 2024 rose to $3,853.8 million, up 6.8% from $3,609.9 million in the prior-year period, and that organic growth was $188.3 million (5.2%).

1. 01

   Omnicom Group said worldwide revenue for the 3-month period ended June 30, 2024 rose to $3,853.8 million, up 6.8% from $3,609.9 million in the prior-year period, and that organic growth was $188.3 million (5.2%).

2. 02

   The company said foreign exchange rate changes reduced revenue by $37.4 million (1.0%) over the 3 months, while acquisition revenue, net of disposition revenue, increased revenue by $93.0 million (2.6%). It cited mainly the purchase of Flywheel Digital in January 2024 and acquisition activity in the second half of 2023 as drivers of the acquisition growth.

3. 03

   The company said it used $760.2 million of cash in operating activities in the first six months of 2024, including $1.7 billion of operating capital use. It said this was related to its typical working capital cycle.

4. 04

   The company said net debt, defined as total debt less cash and cash equivalents, was $2.3 billion higher as of June 30, 2024 than as of December 31, 2023, at $3.5 billion.

Key figures

Quarter ended June 30, 2024

Revenue

$3.9B

Operating income

$510M

Net income

$328M

EPS

$1.65

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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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