Omnicom overcomes group presented its results this Tuesday and announced an organic growth of its global revenues of 7.5% in the third quarter of 2022, with a double-digit organic increase in precision marketing, public relations and commerce and brand consulting . In these last three months it has reached revenues of 3.44 billion dollars , which represents an increase of 8.4 million dollars. Comparing these results with those of the third quarter of 2021, Omnicom has grown due to an increase in organic growth revenue of $257.7 million .
Salary costs increase
According to the company, operating top industry data expenses increased by $4 million to $2,897.4 million, 1% more compared to the third quarter of 2021. Salary and service costs, which tend to fluctuate with changes In revenue, they consist of salary and related costs, and costs of third-party services. In total, salary and service costs increased by $14.3 million , or 0.6%. Salary and related costs increased $18.8 million, 1.1% more than last year primarily due to increased organic revenue, increased headcount and increased customer-related business activities.
Solid results according to Omnicom CEO
Operating profit increased by $4.4 million IT Cell Number to $546 million compared to the third quarter of 2021. The corresponding operating profit margin was 15.9%, compared to 15.8% in the third quarter of 2021. 2021. Given these “strong” results across the portfolio, John Wren, President and CEO of Omnicom Group Inc , stated: “Profitability also remained strong, and our experience in difficult economic environments makes us confident that we can navigate through current trade uncertainty.
