Print Published in 2003

Omnicom avoids interest and goodwill hit

Two of the biggest contributors to Omnicom Group’s impressive performance were the absence of any meaningful finance costs or of any goodwill amortisation or impairment provisions. The highly indebted group has structured its finances so that current profits do not incur material interest charges (future shareholders will pay instead) and, unlike all its other major competitors, the group remains confident that its acquisitions are worth every dollar they have cost.