Omnicom Group saw organic revenue growth of 7.6 per cent in APAC in the second quarter of this year, but worldwide revenue fell by 1.7 per cent to $3.8 billion, largely due to the impact of foreign exchange rates, the company reports.
APAC was the second fastest-growing market for the owner of agencies DDB, TBWA, BBDO and OMD after Africa and the Middle East, which grew by 11.9 per cent.
North America grew by 5.9 per cent, the UK by 5.4 per cent and Europe by 3.9 per cent while Latin America saw a close to 10 per cent reverse in growth year on year.
EBITA – the truest measure of company growth – fell by 1.5 per cent to $565.7 million.
Operating income in the second quarter of 2015 also fell, by $9.8 million, or 1.8 per cent, to $538.6 million.
Net income was down 1.5 per cent, to $523 million from $530.7 million.
By discipline, what the company calls “speciality communications” was the fastest growing, up eight per cent.
Advertising increased by 6.4 per cent and CRM by 4.3 per cent.
PR was the slowest growing, edging up by just 0.3 per cent.
For the full report on Omnicom Group Q2 Global revenue click here.