Paul Sweeney, a Bloomberg Intelligence analyst, stated "Ad-account losses and general uncertainty in U.S. digital media are dragging down Omnicom's organic revenue growth—a measure that excludes deals and currency fluctuations. North America accounts for more than half of the company's sales. Margins also are under pressure, despite efforts to focus on more profitable businesses. Omnicom's 2018 margin outlook is disappointing, with the company expecting stable margin even as it pruned its portfolio in 2017."Mr John Wren has been President of Omnicom since 1996 and CEO since 1997. He also has served as a Director since 1993. The Brooklyn-born executive has been part of the team that created Omnicom in 1986, two years after entering the advertising business as an executive vice president with Needham Harper Worldwide. He was appointed CEO of the Diversified Agency Services (DAS), division of Omnicom in 1990. Wren was recently selected as Chairman of the board on May 22, 2018.
"We believe that the transition towards digital is not impacting the company as much as the market expected in the last few years." added SweeneyAbout Omnicom Media Group:
Omnicom Media Group is the media services division of Omnicom Group Inc. (NYSE: OMC), the leading global advertising, marketing and corporate communications company, providing services to over 5,000 clients in more than 100 countries. Omnicom Media Group includes the full service media networks OMD Worldwide and PHD Network, leading global data and analytics company, Annalect.
We offer unparalleled clout in the marketplace, as well as a depth of capabilities and experience to drive leadership and innovation in every media type. In order to maximize our investment in building out best-in-breed capabilities, ensure we can draw industry-leading talent and bring the maximum market leverage to bear for our clients.
Omnicom is an inter-connected global network of leading marketing communications companies. Our portfolio provides the best talent, creativity, technology and innovation to some of the world’s most iconic and successful brands. We offer a diverse, comprehensive range of marketing solutions spanning brand advertising, customer relationship management (CRM), media planning and buying services, public relations and numerous specialty communications services to drive bottom-line results for our clients. Our portfolio includes three global advertising agency networks: BBDO, DDB and TBWA; two of the world’s premier providers of media services: OMD and PHD, part of Omnicom Media Group. We also manage a global diversified group of agencies, under the DAS Group of Companies. DAS includes over 200 brands across numerous marketing disciplines: public relations, medical and pharmaceutical marketing, customer relationship management, entertainment and events, shopper, branding and design, and research. At the annual Cannes Lions International Festival of Creativity, 137 Omnicom agencies won over 300 Lions from approximately 34 different countries across more than 25 communication categories in 2018. Omnicom is consistently featured in the top 250 performers of Fortune 500 and ranks Number One in the advertising and marketing industry group. The Wall Street Journal ranked Omnicom Group as the leader in its peer group for our industry leading annual total return to shareholders.
