Exhibit 99.1
FOR IMMEDIATE RELEASE
| Contact: | Randall Weisenburger
212-415-3393 |
Omnicom Reports First Quarter 2005 Results
NEW YORK, APRIL 26, 2005- Omnicom Group Inc. (NYSE-OMC) today announced that net income for the first quarter of 2005 increased 11% to $150.5 million from $135.6 million in the first quarter of 2004. Diluted earnings per share in the first quarter of 2005 increased 14% to $0.82 per share from $0.72 per share in the first quarter of 2004.
Worldwide revenue increased 8% to $2,403.0 million from $2,231.4 million in the first quarter of 2004. Domestic revenue for the first quarter of 2005 increased 8% to $1,312.1 million compared to $1,221.2 million in 2004. International revenue increased 8% to $1,090.9 million compared to $1,010.2 million last year.
Omnicom Group Inc. (NYSE-OMC) (www.omnicomgroup.com) is a leading global advertising, marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries.
For a live webcast and/or a replay of our first quarter earnings conference call, go to www.omnicomgroup.com/InvestorRelations.
(Unaudited)
(In Millions of Dollars, Except Per Share Data)
Three Months Ended March 31,
| 2005
| 2004
|
|---|
| Revenue | | $ 2,403.0 | | $ 2,231.4 | |
| | | | | | |
| Operating expenses | | 2,145.7 | | 2,002.1 | |
|
| |
| |
| Operating income | | 257.3 | | 229.3 | |
| | | | | | |
| Net interest expense | | 12.1 | | 10.4 | |
|
| |
| |
| Income before income taxes | | 245.2 | | 218.9 | |
| | | | | | |
| Income taxes | | 86.1 | | 73.6 | |
|
| |
| |
| Income after income taxes | | 159.1 | | 145.3 | |
| | | | | | |
| Equity in affiliates | | 5.2 | | 2.5 | |
| Minority interests | | (13.8 | ) | (12.2 | ) |
|
| |
| |
| Net income | | $ 150.5 | | $ 135.6 | |
|
| |
| |
| Earnings per share | |
| Basic | | $ 0.82 | | $ 0.72 | |
| Diluted | | $ 0.82 | | $ 0.72 | |
| | |
| Weighted average shares (in millions) | |
| Basic | | 182.6 | | 187.9 | |
| Diluted | | 183.8 | | 188.7 | |
| | | | | | |
| Dividend declared per share | | $ 0.225 | | $ 0.225 | |
