omnicom group (OMC) Key Developments
BigBee Considering Sale Of Minority Stake
Mar 10 15
Afonso Abelhao, Co-Founder and Chief Executive Officer of Big Bee Publicidade Ltda states that BigBee is looking to sell a minority stake to raise funds for expansion. BigBee will use the sale proceeds mainly to hire new staff. The potential buyers would be Havas SA, Publicis Groupe SA (ENXTPA:OMC), Omnicom Group Inc. (NYSE:OMC) and Grupo ABC Ltda.
Omnicom Group Inc. Announces Quarterly Dividend for the Fourth Quarter 2014, Payable on April 7, 2015
Feb 10 15
The board of directors of Omnicom Group Inc. increased quarterly dividend by 25% to $0.50 per share for the fourth quarter 2014. The dividend is payable on April 7, 2015 to shareholders of record as of March 9.
Omnicom Group Inc. Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Feb 10 15
Omnicom Group Inc. announced consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of $4,195.1 million against $4,058.1 million a year ago. EBITA was $609.4 million against $575.7 million a year ago. Operating income was $579.4 million against $551.2 million a year ago. Income before income taxes was $549.4 million against $511.4 million a year ago. Net income available for common shares was $323.9 million against $293.5 million a year ago. Net income per diluted share was $1.30 against $1.13 a year ago.
For the full year, the company reported revenue of $15,317.8 million against $14,584.5 million a year ago. EBITA was $2,051.2 million against $1,926.1 million a year ago. Operating income was $1,944.1 million against $1,825.3 million a year ago. Income before income taxes was $1,810.0 million against $1,660.9 million a year ago. Net income available for common shares was $1,083.6 million against $966.0 million a year ago. Net income per diluted share was $4.27 against $3.71 a year ago. Capital expenditures were $213 million. Net debt position at the end of the period was $2.2 billion.
Omnicom Seeks Acquisitions
Feb 10 15
Omnicom Group Inc. (NYSE:OMC) is looking for acquisition opportunities. “We'll do acquisitions opportunistically, as the opportunities arise,” said Phil Angelastro, Chief Financial Officer of Omnicom.
Omnicom Group Inc. to Report Q4, 2014 Results on Feb 10, 2015
Feb 3 15
Omnicom Group Inc. announced that they will report Q4, 2014 results at 8:30 AM, US Eastern Standard Time on Feb 10, 2015