Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.
Omnicom Group, hit by professional fees related to its proposed merger with Publicis Groupe, said fourth-quarter net income declined 2 percent to $300.5 million from $307.1 million in the same period of 2012.
Because of those expenses, the U.S. holding company took $13.3 million in fourth-quarter, pre-tax charges related to the transaction and $41.4 million for the full year.
Organic growth in the quarter rose 4 percent, while global revenue climbed 2.9 percent to $4.1 billion.
Omnicom chief executive John Wren told investors on an earnings call that he is “both encouraged and cautiously optimistic” about the company’s outlook this year and said he expected a 4 percent increase in 2014 organic growth.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in