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Omnicom Group Q2 diluted net EPS 2.4%

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Staff writer ▼ | July 22, 2015
Omnicom Group announced that its diluted net income per common share for the second quarter increased three cents, or 2.4%, to $1.26 per share versus $1.23 per share for Q2 2014.
Omnicom Group
Omnicom Group   Q2 worldwide revenue decreased 1.7%
Omnicom's worldwide revenue in the second quarter of 2015 decreased 1.7% to $3,805.3 million from $3,870.9 million in the second quarter of 2014.

The components of the change in revenue included an increase in revenue from organic growth of 5.3%, an increase in revenue from acquisitions, net of dispositions of 0.1% and a decrease in revenue from the negative impact of foreign exchange rates of 7.1% when compared to the second quarter of 2014.

Across regional markets, organic revenue in the second quarter of 2015 increased 5.9% in North America, 5.4% in the United Kingdom, 3.9% in the Euro Markets and Other Europe, 7.6% in Asia Pacific and 11.9% in Africa/Middle East, while organic revenue decreased 9.6% in Latin America when compared to the same quarter of 2014.

The change in organic revenue in the second quarter of 2015 as compared to the second quarter of 2014 in four fundamental disciplines was as follows: advertising increased 6.4%, CRM increased 4.3%, public relations increased 0.3% and specialty communications increased 8.0%.

For the second quarter of 2015, Omnicom's earnings before interest, taxes and amortization of intangibles (EBITA), a non-GAAP financial measure, decreased $8.5 million, or 1.5%, to $565.7 million from $574.2 million in the second quarter of 2014.

EBITA margin increased to 14.9% for the second quarter of 2015 versus 14.8% in the second quarter of 2014.

Operating income in the second quarter of 2015 decreased $9.8 million, or 1.8%, to $538.6 million from $548.4 million in the second quarter of 2014. Pperating margin of 14.2% for the second quarter of 2015 was unchanged when compared to the second quarter of 2014.

Net income for the second quarter of 2015 decreased $11.3 million, or 3.5%, to $313.9 million from $325.2 million in the second quarter of 2014.

Excluding the income tax benefit of approximately $11 million from the second quarter of 2014, net income for the second quarter of 2015 decreased marginally to $313.9 million compared to $314 million in the second quarter of 2014 and diluted net income per common share in the second quarter of 2015 increased 5.9% to $1.26 per share versus $1.19 per share in the second quarter of 2014.


 

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