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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.
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