Omnicom Group Inc. C) today announced that its net income for the first quarter of 2018 increased $22.3 million, or 9.2%, to $264.1 million from $241.8 million in the first quarter of 2017. Diluted net income per common share for the first quarter of 2018 increased twelve cents, or 11.8%, to $1.14 per share versus $1.02 per share for the first quarter of 2017.
Omnicom’s worldwide revenue in the first quarter of 2018 increased 1.2% to $3,629.6 million from $3,587.4 million in the first quarter of 2017.
The components of the change in revenue included an increase in revenue from the positive foreign exchange rate impact of 4.2%, a decrease in acquisition revenue, net of disposition revenue of 4.2% and an increase in revenue from organic growth of 2.4% when compared to the first quarter of 2017.
Across the regional markets, organic growth in the first quarter of 2018 as compared to the first quarter of 2017 was 3.1% for the United Kingdom, 9.7% in the Euro Markets and Other Europe, 7.3% in Asia Pacific and 3.1% in Latin America, while North America decreased 0.1% and the Middle East and Africa decreased 8.5%.
Organic growth in the first quarter of 2018 as compared to the first quarter of 2017 in our fundamental disciplines was as follows: Advertising increased 1.6%, Crm Consumer Experience increased 6.9%, Crm Execution & Support increased 1.2%, Public Relations increased 0.7% and Healthcare increased 2.7%.
