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omnicare annual reports 2003
Omnicom reported its annual financial results for 2003. Key highlights include: - Revenue increased 14% to $8.6 billion, with international revenue growing 20% and domestic revenue growing 10%. - Net income increased 5% to $675.9 million and diluted earnings per share increased 4% to $3.59. - Operating margins declined slightly to 13.5% due to changes in business mix and increased severance costs. - The company won over $4 billion in new business and increased revenues from its top 250 clients by over 15%. - Creative excellence was demonstrated by numerous agency awards and the company's continued leadership.
