Giant ad agency holding company Omnicom Group Inc. reported net income for the
year increased 28 percent to $285.1 million in 1998 from $222.4 million in
1997.
Diluted earnings per share increased 23 percent to $1.68 per share in 1998
from $1.37
per share in 1997.
Worldwide revenues from commission and fee income increased 31 percent to $4.09
billion in 1998 from $3.12 billion in 1997. Domestic revenues increased 30
percent to
$2.09 billion in 1998 from $1.61 billion in 1997.
Net income in the fourth quarter of 1998 increased 27 percent to $94.4
million as
compared to $74.5 million in the fourth quarter of 1997. Diluted earnings per
share for the fourth quarter increased 22 percent to $0.55 per share in
1998 from
$0.45 per share in 1997.
Worldwide revenues from commission and fee income increased 34 percent to $1.19
billion in the fourth quarter of 1998 from $895.1 million in the same period
in 1997. Domestic revenues increased 32% to $564.2 million in 1998 from $425.9
million in 1997.
Omnicom Group Inc. consists of advertising agency networks BBDO Worldwide, DDB
Needham Worldwide and TBWA Worldwide. Omnicom also includes Diversified Agency
Services (DAS), which operates branded independent agencies in public
relations, specialty advertising, and direct response and promotional
marketing; Optimum Media Direction; Goodby Silverstein & Partners; and
Communicade, which manages
significant minority investments in several Internet and digital media
development companies.
