Omnicom Groupâ€™s organic revenue grows 11.9% in Q1 of 2022

Omnicom Group’s worldwide revenue in the first quarter of 2022 continued to improve from the negative effects of the COVID-19 pandemic.

Revenue decreased 0.5% to $3,410.3 million from $3,426.9 million in Q1 of 2021. The components of the change in revenue included a decrease in revenue from the negative impact of foreign currency translation of 2.5%, a decrease in acquisition revenue, net of disposition revenue, of 9.9% principally in the Advertising & Media discipline in the United States, and an increase in revenue from organic growth of 11.9%.

Organic growth in the first quarter of 2022 compared to the first quarter of 2021 increased across all of the Group’s fundamental disciplines, including: 9.1% for Advertising & Media, 20.3% for Precision Marketing, 13.8% for Commerce & Brand Consulting, 68.0% for Experiential, 6.3% for Execution & Support, 14.0% for Public Relations and 7.7% for Healthcare.

Organic growth in the first quarter of 2022 compared to the first quarter of 2021 across Omnicom Group’s regional markets was as follows: 10.6% for the United States, 9.6% for Other North America, 10.3% for the United Kingdom, 13.8% for the Euro Markets & Other Europe, 11.1% for Asia Pacific, 9.3% for Latin America and 63.8% for the Middle East & Africa.

“Our strong momentum continued in the first quarter with 11.9% organic revenue growth, reflecting our persistent focus on achieving better outcomes for our clients across all our business disciplines,” said John Wren, Chairman and Chief Executive Officer of Omnicom Group Inc. “We continued to invest in areas important to our clients’ growth, continued to make acquisitions in strategic areas of growth, and repurchased a significant amount of our shares. Despite uniquely challenging global events, we remain confident that our high-quality and diverse portfolio positions us strongly for future growth, both in 2022 and beyond.”

Key highlights:

Revenue of $3,410.3 million decreased 0.5%, with organic growth of 11.9%
Charges arising from the effects of the war in Ukraine of $113.4 million included in Operating Profit
Operating profit of $353.0 million, $466.4 million Non-GAAP adjusted
Operating profit margin of 10.4%, 13.7% Non-GAAP adjusted
Diluted earnings per share of $0.83, $1.39 Non-GAAP adjusted