FOR IMMEDIATE RELEASE
Contact: | Randall Weisenburger 212-415-3393 |
Omnicom Reports 2006 Fourth Quarter and Year-End Results
NEW YORK, FEBRUARY 13, 2007 - Omnicom Group Inc. (NYSE-OMC) today announced that net income for the fourth quarter of 2006 increased 9.7% to $277.2 million from $252.6 million in the fourth quarter of 2005. Diluted earnings per share in the fourth quarter of 2006 increased 14.9% to $1.62 per share from $1.41 per share in the fourth quarter of 2005.
Worldwide revenue increased 9.4% to $3,216.2 million from $2,939.4 million in the fourth quarter of 2005. Domestic revenue for the fourth quarter of 2006 increased 7.0% to $1,685.1 million compared to $1,575.5 million in the fourth quarter of 2005. International revenue increased 12.3% to $1,531.1 million compared to $1,363.9 million in the fourth quarter of 2005.
Net income for the twelve months ended December 31, 2006 increased 9.3% to $864.0 million from $790.7 million in the same period in 2005. Diluted earnings per share for the twelve months ended December 31, 2006 increased 14.4% to $4.99 per share in 2006 from $4.36 per share in the same period in 2005.
Worldwide revenue for the twelve months ended December 31, 2006 increased 8.5% to $11,376.9 million from $10,481.1 million in the same period in 2005. Domestic revenue for the twelve months ended December 31, 2006 increased 7.8% to $6,194.0 million from $5,743.9 million in the same period in 2005. International revenue for the twelve months ended December 31, 2006 increased 9.4% to $5,182.9 million from $4,737.2 million in the same period in 2005.
Omnicom Group Inc. (NYSE-OMC) (www.omnicomgroup.com) is a leading global 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 Fourth Quarter and Year-End earnings conference call, go to www.omnicomgroup.com/InvestorRelations.
Omnicom Group Inc.
(Unaudited)
(In Millions of Dollars, Except Per Share Data)
Three Months Ended December 31, | 2006 | 2005 | |||
---|---|---|---|---|---|
Revenue | $ 3,216.2 | $ 2,939.4 | |||
Operating expenses | 2,742.0 | 2,513.3 | |||
Operating profit | 474.2 | 426.1 | |||
Net interest expense | 24.1 | 16.5 | |||
Income before income taxes | 450.1 | 409.6 | |||
Income taxes | 151.4 | 137.9 | |||
Income after income taxes | 298.7 | 271.7 | |||
Equity in earnings of affiliates | 12.0 | 10.4 | |||
Minority interests | (33.5 | ) | (29.5 | ) | |
Net income | $ 277.2 | $ 252.6 | |||
Net income per common share | |||||
Basic | $ 1.64 | $ 1.42 | |||
Diluted | $ 1.62 | $ 1.41 | |||
Weighted average shares (in millions) | |||||
Basic | 169.1 | 178.2 | |||
Diluted | 171.3 | 179.6 | |||
Dividend declared per share | $ 0.25 | $ 0.25 |
Omnicom Group Inc.
(Unaudited)
(In Millions of Dollars, Except Per Share Data)
Twelve Months Ended December 31, | 2006 | 2005 | |||
---|---|---|---|---|---|
Revenue | $ 11,376.9 | $ 10,481.1 | |||
Operating expenses | 9,893.4 | 9,141.3 | |||
Operating profit | 1,483.5 | 1,339.8 | |||
Net interest expense | 91.6 | 59.2 | |||
Income before income taxes | 1,391.9 | 1,280.6 | |||
Income taxes | 466.9 | 435.3 | |||
Income after income taxes | 925.0 | 845.3 | |||
Equity in earnings of affiliates | 29.6 | 27.6 | |||
Minority interests | (90.6 | ) | (82.2 | ) | |
Net income | $ 864.0 | $ 790.7 | |||
Net income per common share | |||||
Basic | $ 5.04 | $ 4.38 | |||
Diluted | $ 4.99 | $ 4.36 | |||
Weighted average shares (in millions) | |||||
Basic | 171.4 | 180.4 | |||
Diluted | 173.1 | 181.8 | |||
Dividend declared per share | $ 1.00 | $ 0.925 |