Omnicom: Q4 EPS up 5%

(CercleFinance.com) - For Q4 2023, communications group Omnicom reports adjusted EPS that is up 5.
3% at $2.20, with an adjusted EBITA margin that is down 0.3 point to 16.8%, albeit on revenues that rose 5% to $4.06bn.

On an organic basis, revenues rose by 4.4%, driven by 14.1% growth in Continental Europe, 13.7% in Latin America and 10.9% in Asia-Pacific, while the US was pretty stagnant (+0.6%).

For 2024, the company says that it is well positioned, with solid fundamentals, huge opportunities in digital commerce and retail media thanks to our acquisition of Flywheel, and a momentum of new contracts.


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