Omnicom reports fall in revenue

Worldwide revenue at Omnicom fell 14.4% year on year to $2.8 billion in the third quarter of 2009, with profits down 22.5% to $165.6 million.

US revenues were down 13.2% to $1.50 billion while international revenues fell 15.8% to $1.35 billion.

The US-based advertising group’s net income for the nine months ending 30 September fell 22.7% to $563.5 million.

The company also saw its operating margin decline to 10.4% from 11.3%.