Omnicom: Q2 EPS up 5%
(CercleFinance.com) - On Tuesday evening, Omnicom reported adjusted EPS up 4.
8% to $1.95 for Q2 2024, despite an adjusted EBITA margin that is down 0.2 point at 15.3%, on revenues that rose 6.8% to $3.85bn.
The communications group points out that this increase in revenues is based on organic growth of 5.2%, driven by advertising-media (+7.8%) and experiential (+17.6%) activities, to which the effects of acquisitions have been added.
With the rapid adoption of generative AI, creativity and talent matter more than ever in dealing with the breadth and complexity of consumers, management said.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
8% to $1.95 for Q2 2024, despite an adjusted EBITA margin that is down 0.2 point at 15.3%, on revenues that rose 6.8% to $3.85bn.
The communications group points out that this increase in revenues is based on organic growth of 5.2%, driven by advertising-media (+7.8%) and experiential (+17.6%) activities, to which the effects of acquisitions have been added.
With the rapid adoption of generative AI, creativity and talent matter more than ever in dealing with the breadth and complexity of consumers, management said.
Copyright (c) 2024 CercleFinance.com. All rights reserved.