First Trade Date for Omnicom Group Inc.
Company Name | First Trade Date (yyyy-mm-dd) |
Omnicom Group Inc. | 1990-06-27 |
Company Name | Symbol |
Omnicom Group Inc. | OMC |
History and Business of Company (this information may include date of incorporation) | |
We are a holding company. Our business is conducted through subsidiaries. For simplicity, however, the terms "Omnicom", "we", "our" and "us" each refer to Omnicom Group Inc. and our subsidiaries unless the context indicates otherwise. Our Business: We are one of the largest advertising, marketing and corporate communications companies in the world. Our company was formed through a 1986 combination of three advertising, marketing and corporate communications networks, BBDO, Doyle Dane Bernbach and Needham Harper. Since then, we have grown our strategic holdings to over 1,500 subsidiary agencies operating in all major markets worldwide. Our agencies provide an extensive range of advertising, marketing and corporate communications services. Advertising, marketing and corporate communications services are provided to clients through global, pan-regional and national independent agency brands. The various components of our business and material factors that affected us in 2003 are discussed in our "Management's Discussion and Analysis of Financial Conditions and Results of Operations" of this report. None of our acquisitions in 2003, 2002 or 2001 were material to our consolidated financial position or results of operations. For information concerning our acquisitions, see note 2 to our consolidated financial statements. Geographic Regions: Our total consolidated revenue is about evenly divided between U.S. and non-U.S. operations. For financial information concerning domestic and foreign operations and segment reporting, see note 5 to our consolidated financial statements. Our Clients: We had over 5,000 clients in 2003, many of which were served by more than one of our agency brands. Our 10 largest and 250 largest clients in the aggregate accounted for 18.7% and 53.8%, respectively, of our 2003 consolidated revenue. Our largest client was served by 50 of our agency brands. This client accounted for 4.7% of our 2003 consolidated revenue. No other client accounted for more than 2.9% of our 2003 consolidated revenue. Our Employees: We employed approximately 58,500 people at December 31, 2003. We are not party to any significant collective bargaining agreements. See our management discussion and analysis beginning on page 7 of this report for a discussion of the effect of salary and service costs on our historical results of operations. |
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