| Contact: | Randall Weisenburger 212-415-3393 |
FOR IMMEDIATE RELEASE
NEW YORK, July 26, 2005 - Omnicom Group Inc. (NYSE-OMC) today announced that net income for the second quarter of 2005 increased 10% to $225.8 million from $206.1 million in the second quarter of 2004. Diluted earnings per share in the second quarter of 2005 increased 13% to $1.24 per share from $1.10 per share in the second quarter of 2004.
Worldwide revenue increased 9% to $2,615.8 million from $2,407.8 million in the second quarter of 2004. Domestic revenue for the second quarter of 2005 increased 9% to $1,427.7 million from $1,305.0 million in the second quarter of 2004. International revenue increased 8% to $1,188.1 million from $1,102.8 million in the second quarter of 2004.
Net income for the six months ended June 30, 2005 increased 10% to $376.3 million from $341.7 million in the same period in 2004. Diluted earnings per share for the six months ended June 30, 2005 increased 13% to $2.05 per share in 2005 from $1.81 per share in the same period in 2004.
Worldwide revenue for the six months ended June 30, 2005 increased 8% to $5,018.8 million from $4,639.2 million in the same period in 2004. Domestic revenue for the six months ended June 30, 2005 increased 9% to $2,739.8 million from $2,520.3 million in the same period in 2004. International revenue for the six months ended June 30, 2005 increased 8% to $2,279.0 million from $2,118.9 million in the same period in 2004.
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 second quarter earnings conference call, go to www.omnicomgroup.com/InvestorRelations.
Omnicom Group Inc.
(Unaudited)
(In Millions of Dollars, Except Per Share Data)
| Three Months Ended June 30 | 2005 | 2004 | ||
| Revenue | $2,615.8 | $2,407.8 | ||
| Operating expenses | 2,233.8 | 2,064.1 | ||
| Operating profit | 382.0 | 343.7 | ||
| Net interest expense | 14.3 | 7.3 | ||
| Income before income taxes | 367.7 | 336.4 | ||
| Income taxes | 124.3 | 113.1 | ||
| Income after income taxes | 243.4 | 223.3 | ||
| Equity in affiliates | 5.0 | 4.9 | ||
| Minority interests | (22.6 | ) | (22.1 | ) |
| Net income | $ 225.8 | $ 206.1 | ||
| Earnings per share | ||||
| Basic | $ 1.24 | $ 1.10 | ||
| Diluted | $ 1.24 | $ 1.10 | ||
| Weighted average shares (in millions) | ||||
| Basic | 181.4 | 186.8 | ||
| Diluted | 182.8 | 188.2 | ||
| Dividend declared per share | $ 0.225 | $ 0.225 | ||
Omnicom Group Inc.
(Unaudited)
(In Millions of Dollars, Except Per Share Data)
| Six Months Ended June 30 | 2005 | 2004 | ||
| Revenue | $5,018.8 | $4,639.2 | ||
| Operating expenses | 4,379.5 | 4,066.1 | ||
| Operating profit | 639.3 | 573.1 | ||
| Net interest expense | 26.4 | 17.7 | ||
| Income before income taxes | 612.9 | 555.4 | ||
| Income taxes | 210.5 | 186.7 | ||
| Income after income taxes | 402.4 | 368.7 | ||
| Equity in affiliates | 10.2 | 7.3 | ||
| Minority interests | (36.3 | ) | (34.3 | ) |
| Net income | $ 376.3 | $ 341.7 | ||
| Earnings per share | ||||
| Basic | $ 2.07 | $ 1.82 | ||
| Diluted | $ 2.05 | $ 1.81 | ||
| Weighted average shares (in millions) | ||||
| Basic | 182.0 | 187.3 | ||
| Diluted | 183.5 | 188.8 | ||
| Dividend declared per share | $ 0.450 | $ 0.450 | ||