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Omnicom Group Reports First Quarter 2016 Results

The following excerpt is from the company's SEC filing.

- Omnicom Group Inc. (NYSE: OMC) today announced that its diluted net income per common share in the first quarter of 2016 increased seven cents, or 8.4%, to $0.90 per share versus $0.83 per share during the first quarter of 2015.

Omnicom’s worldwide revenue in the first quarter of 2016 increased 0.9% to $3,499.1 million from $3,469.2 million in the first quarter of 2015. The components of the change in revenue included an increase in revenue from organic growth of 3.8%, a decrease in revenue from acquisitions, net of dispositions of 0.1% and a decrease in revenue from the neg ative impact of foreign exchange rates of 2.8% when compared to 2015.

Across our regional markets, organic revenue in the first quarter of 2016 increased 4.5% in North America, 2.2% in the United Kingdom, 3.0% in the Euro Markets & Other Europe, 5.1% in Asia Pacific and 1.7% in Africa & the Middle East, while organic revenue decreased 7.8% in Latin America when compared to the same quarter of 2015.

The change in organic revenue in the first quarter of 2016 as compared to the first quarter of 2015 in our four fundamental disciplines was as follows: advertising increased 7.9%, CRM decreased 0.7%, public relations decreased 0.9% and specialty communications increased 2.2%.

For the first quarter of 2016, Omnicom’s earnings before interest, taxes and amortization of intangibles (“EBITA”), a non-GAAP financial measure, increased $15.4 million, or 3.8%, to...


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