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OMNICOM GROUP REPORTS EARNINGS

 OMNICOM GROUP REPORTS EARNINGS
 NEW YORK, Feb. 24 /PRNewswire/ -- Omnicom Group Inc. (NYSE: OMC)


today announced that net income for the year increased 10 percent to $57.1 million in 1991 from $52.0 million in 1990. During the year, fully diluted earnings per share increased 4 percent to $2.01 per share in 1991 from $1.94 per share in 1990. Worldwide revenues from commission and fee income for the year increased 5 percent to $1,236.2 million in 1991 from $1,178.2 million in 1990. Domestically, commission and fee income increased 2 percent to $692.7 million in 1991 from $680.5 million in 1990. International commission and fee income increased 9 percent to $543.5 million in 1991 from $497.8 million in 1990. The favorable impact of acquisitions net of divestitures on full-year commission and fee income was approximately 2 percent as compared to 1990.
 Net income in the fourth quarter of 1991 increased 19 percent to $20.2 million as compared to $17.1 million in the fourth quarter of 1990. Fully diluted earnings per share for the fourth quarter increased 10 percent to $0.67 per share in 1991 from $0.61 per share in 1990. Worldwide revenues from commission and fee income increased 16 percent to $376.2 million in the fourth quarter of 1991 from $323.8 million in the same period in 1990. Domestically, commission and fee income increased 12 percent to $190.1 million in 1991 from $169.8 million in 1990. International commission and fee income increased 21 percent to $186.1 million in 1991 from $154.0 million in 1990. Acquisitions net of divestitures favorably impacted fourth quarter 1991 commission and fee income by approximately 10 percent as compared to the fourth quarter of 1990.
 The company will adopt Financial Accounting Standards 106 (Other Post-Retirement Benefits) and 109 (Accounting for Income Taxes) on Jan. 1, 1992, and does not expect any adverse impact on earnings.
 OMNICOM GROUP INC.
 (Thousands of dollars, except per share data)
 Year ended Dec. 31 1991 1990 Pct. Inc.
 (Dec.)
 Commission and fee income $1,236,158 $1,178,233 5
 Operating and interest expenses 1,124,234 1,076,133 4
 Income before taxes 111,924 102,100 10
 Income taxes 49,248 45,904 7
 Income after income taxes 62,676 56,196 12
 Equity in affiliates 9,274 9,698 (4)
 Minority interests (14,898) (13,885) 7
 Net income $ 57,052 $ 52,009 10
 Primary earnings per share $2.08 $2.01 3
 Fully diluted earnings per share $2.01 $1.94 4
 Dividend declared per share $1.10 $1.07 3
 Three months ended Dec. 31 1991 1990 Pct. Inc.
 (Dec.)
 Commission and fee income $376,241 $323,787 16
 Operating and interest expenses 338,453 292,660 16
 Income before taxes 37,788 31,127 21
 Income taxes 14,349 12,431 15
 Income after income taxes 23,439 18,696 25
 Equity in affiliates 5,258 4,125 27
 Minority interests (8,449) (5,755) 47
 Net income $ 20,248 $ 17,066 19
 Primary earnings per share $0.72 $0.66 9
 Fully diluted earnings per share $0.67 $0.61 10
 Dividend declared per share $0.275 $0.275 --
 -0- 2/24/92 R
 /CONTACT: Fred Meyer of Omnicom, 212-415-3631/
 (OMC) CO: Omnicom Group Inc. ST: New York IN: ADV SU: ERN


GK -- NY003R -- 1772 02/24/92 09:54 EST
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Publication:PR Newswire
Date:Feb 24, 1992
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