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OMNICOM GROUP REPORTS RESULTS

 OMNICOM GROUP REPORTS RESULTS
 NEW YORK, Oct. 29 /PRNewswire/ -- Omnicom Group Inc. (NYSE: OMC)


today announced that net income for the third quarter of 1992 increased 35 percent to $10.4 million from $7.7 million in the third quarter of 1991. Fully diluted earnings per share increased 32 percent to $0.37 per share in 1992 from $0.28 per share in 1991.
 Worldwide revenues from commission and fee income increased 19 percent to $327.8 million in the third quarter of 1992 from $275.4 million in the third quarter of 1991. Domestic commission and fee income for the third quarter of 1992 was $165.4 million compared to $159.5 million in 1991. International commission and fee income was $162.4 million in 1992 compared to $115.9 million in 1991. The favorable impact of acquisitions net of divestitures on worldwide commission and fee income was approximately 8 percent as compared to 1991.
 Net income for the nine months ended Sept. 30, 1992 increased 24 percent to $45.5 million from $36.8 million in 1991. Fully diluted earnings per share, after the first quarter special charge and the beneficial effect of the adoption of new accounting principles for income taxes and post-retirement benefits, increased 16 percent to $1.55 per share in 1992 from $1.34 per share in the same period in 1991. Worldwide revenues from commission and fee income increased 14 percent to $984.2 million in 1992 from $860.0 million in 1991. The favorable impact of acquisitions, net of divestitures, on worldwide commission and fee income was approximately 7 percent as compared to 1991.
 OMNICOM GROUP INC.
 (In thousands of dollars, except per share data, unaudited)
 Three months ended Pct. increase
 Sept. 30 1992 1992 (Decrease)
 Commission and
 fee income $327,750 $275,375 19
 Operating and interest
 expenses 304,708 256,179 19
 Income before income
 taxes 23,042 19,196 20
 Income taxes 10,633 9,688 10
 Income after income
 taxes 12,409 9,508 31
 Equity in affiliates 125 47 166
 Minority interests (2,157) (1,876) 15
 Net income $10,377 $7,679 35
 Earnings per share:
 Primary $0.37 $0.28 32
 Fully diluted $0.37 $0.28 32
 Dividend declared per share $0.31 $0.275 13
 OMNICOM GROUP INC.
 (In thousands of dollars, except per share data, unaudited)
 Nine months ended Pct. increase
 Sept. 30 1992 1991 (Decrease)
 Commission and fee
 income $984,199 $859,917 14
 Operating and interest
 expenses 897,623 785,781 14
 Income before special charge
 and income taxes 86,576 74,136 17
 Special charge 6,714 -- --
 Income before income
 taxes 79,862 74,136 8
 Income taxes 35,304 34,899 1
 Income after income
 taxes 44,558 39,237 14
 Equity in affiliates 6,309 4,016 57
 Minority interests (9,205) (6,449) 43
 Net income after special
 charge and before change
 in accounting principle 41,662 36,804 13
 Cumulative effect of change
 in accounting principle 3,800 -- --
 Net income $45,462 $36,804 24
 Earnings per share:
 Net income after special
 charge and before change
 in accounting principle:
 Primary $1.47 $1.35 9
 Fully diluted $1.44 $1.34 7
 Cumulative effect of change
 in accounting principles:
 Primary $0.13 -- --
 Fully diluted $0.11 -- --
 Net income:
 Primary $1.60 $1.35 19
 Fully diluted $1.55 $1.34 16
 Dividend declared
 per share $0.895 $0.825 8
 -0- 10/28/92
 /CONTACT: Fred Meyer, 212-415-3631, for the Omnicom Group/
 (OMC) CO: Omnicom Group Inc. ST: New York IN: ADV SU: ERN


LD-TM -- NY003 -- 6374 10/29/92 08:00 EST
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Date:Oct 29, 1992
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