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Exhibit 99.1
FOR IMMEDIATE RELEASE
Contact: | Randall Weisenburger 212-415-3393 |
Omnicom Reports Fourth Quarter 2010 Results
NEW YORK, FEBRUARY 15, 2011 - Omnicom Group Inc. (NYSE-OMC) today announced that its net income for the fourth quarter of 2010 increased 7.4% to $246.5 million from $229.6 million in the fourth quarter of 2009. Omnicoms diluted net income per common share in the fourth quarter of 2010 increased 13.7% to $0.83 per share from $0.73 per share in the fourth quarter of 2009.
Worldwide revenue increased 9.8% to $3,586.8 million from $3,265.9 million in the fourth quarter of 2009. Domestic revenue for the fourth quarter of 2010 increased 12.6% to $1,836.4 million compared to $1,630.4 million in the fourth quarter of 2009. International revenue increased 7.0% to $1,750.4 million compared to $1,635.5 million in the fourth quarter of 2009.
Omnicoms net income for the twelve months ended December 31, 2010 increased 4.4% to $827.7 million from $793.0 million in the same period in 2009. Omnicoms diluted net income per common share for the twelve months ended December 31, 2010 increased 6.7% to $2.70 per share in 2010 from $2.53 per share in the same period in 2009.
Worldwide revenue for the twelve months ended December 31, 2010 increased 7.0% to $12,542.5 million from $11,720.7 million in the same period in 2009. Domestic revenue for the twelve months ended December 31, 2010 increased 8.2% to $6,683.1 million from $6,178.4 million in the same period in 2009. International revenue for the twelve months ended December 31, 2010 increased 5.7% to $5,859.4 million from $5,542.3 million in the same period in 2009.
437 Madison Avenue, New York, NY 10022 (212) 415-3600 Fax (212) 415-3530
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Ticker: OMC
CIK: 29989
Form Type: 10-K Annual Report
Accession Number: 0000891092-11-001226
Submitted to the SEC: Wed Feb 23 2011 5:05:41 PM EST
Accepted by the SEC: Wed Feb 23 2011
Period: Friday, December 31, 2010
Industry: Advertising Agencies