OMC Omnicom Group Inc

Omnicom Reports Third Quarter 2003 Results NEW YORK, Oct. 28 /PRNewswire-FirstCall/ -- Omnicom Group Inc. today announced that net income for the third quarter of 2003 increased 7% to $135.3 million from $126.1 million in the third quarter of 2002. Diluted earnings per share increased 6% to $0.72 per share in 2003 from $0.68 per share in 2002. Worldwide revenue increased 15% to $2,028.6 million in the third quarter of 2003 from $1,768.5 million in the third quarter of 2002. Domestic revenue for the third quarter of 2003 increased 12% to $1,111.1 million compared to $991.4 million in 2002. International revenue for the third quarter of 2003 increased 18% to $917.5 million compared to $777.1 million in 2002. Net income for the nine months ended September 30, 2003 increased 3% to $454.6 million from $442.0 million in 2002. Diluted earnings per share increased 3% to $2.42 per share in 2003 from $2.36 per share in 2002. Worldwide revenue for the nine months ended September 30, 2003 increased 13% to $6,115.4 million from $5,417.5 million in 2002. Domestic revenue for the nine months ended September 30, 2003 increased 8% to $3,392.9 million compared to $3,131.1 million in 2002. International revenue for the nine months ended September 30, 2003 increased 19% to $2,722.5 million compared to $2,286.4 million in 2002. Omnicom Group Inc. (NYSE:OMC) (http://www.omnicomgroup.com/), is a leading global marketing and corporate communications company. Omnicom's branded networks and numerous specialty firms provide advertising, strategic media planning and buying, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries. For a live webcast and/or a replay of our third quarter earnings conference call, go to http://www.omnicomgroup.com/InvestorRelations. Omnicom Group Inc. (Unaudited) (in Thousands for Dollars, Except Per Share Data) Three Months Ended September 30 2003 2002 Revenue $2,028,603 $1,768,459 Operating expenses 1,794,191 1,557,068 Operating income 234,412 211,391 Net interest expense 11,534 5,564 Income before income taxes 222,878 205,827 Income taxes 75,510 69,696 Income after income taxes 147,368 136,131 Equity in affiliates/Minority interests (12,099) (10,027) Net income $135,269 $126,104 Earnings per share Basic $0.72 $0.68 Diluted $0.72 $0.68 Weighted average shares (in thousands) Basic 187,499 185,865 Diluted 189,320 186,652 Dividend declared per share $0.20 $0.20 Omnicom Group Inc. (Unaudited) (in Thousands of Dollars, Except Per Share Data) Nine Months Ended September 30 2003 2002 Revenue $6,115,356 $5,417,454 Operating expenses 5,320,945 4,646,714 Operating income 794,411 770,740 Net interest expense 32,754 22,829 Income before income taxes 761,657 747,911 Income taxes 261,276 271,568 Income after income taxes 500,381 476,343 Equity in affiliates/Minority interests (45,780) (34,358) Net income $454,601 $441,985 Earnings per share Basic $2.43 $2.37 Diluted $2.42 $2.36 Weighted average shares (in thousands) Basic 187,076 186,107 Diluted 188,177 187,923 Dividend declared per share $ 0.60 $ 0.60 DATASOURCE: Omnicom Group Inc. CONTACT: Randall Weisenburger of Omnicom, +1-212-415-3393 Web site: http://www.omnicomgroup.com/

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