Maisie Mccabe
Feb 13, 2014

Omnicom Publicis merger creeps into Q3

Omnicom Group, the owner of the BBDO and OMD networks, has said its merger with Publicis Groupe might not take place until the third quarter of this year, as it reported its pre-tax income increased by less than one per cent in Q4.

Maurice Levy and John Wren, Publicis and Omnicom chiefs
Maurice Levy and John Wren, Publicis and Omnicom chiefs

According to Omnicom’s results for 2013, the group’s total global revenue was $4.06 billion in the last three months of the year, up 2.9 per cent when compared to the same period in 2012.

Omnicom reported income before income taxes of $511.4 million, up 0.7 per cent year on year.

Publicis Groupe and Omnicom announced plans to merge in July 2013 and had hoped the deal would go through in the early 2014. Yesterday Omnicom said it expected the deal to complete "a little bit into the third quarter".

This article was first published on campaignlive.co.uk
Source:
Brand Republic

Related Articles

Just Published

1 hour ago

Could China’s short drama boom create lucrative IP?

Short dramas are racking up hundreds of millions of views on China's video platforms, but producers are grappling with how to sustainably monetise the format.

3 hours ago

Dr Oetker picks Adam & Eve/DDB to lead global ...

BBDO, the incumbent, will continue to handle Germany.

2 days ago

Converse opens sustainability-minded retail space ...

An experimental retail location, Renew Labs Fitzroy, showcases the footwear brand's creativity, co-creation, and "inclusive ideation towards a more sustainable future".

2 days ago

This film about a dancer will make your heart soar

Don't miss 'The dancer', from BNZ and Colenso BBDO, a gorgeous film for anyone who's ever felt isolated and then found their tribe.